---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-005758"
form_type: "8-K"
ticker: "SKYW"
cik: "0000793733"
company_name: "SKYWEST INC"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:52:12.699741+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# SkyWest posts Q1 net income $60M, EPS $1.45 vs loss $0.45 YoY; revenue up 16%

## Summary
- Q1 2024 net income of $60M ($1.45 diluted EPS) vs net loss of $22M ($0.45 loss) in Q1 2023.
- Revenue of $804M, up $112M (16%) YoY; block hour production +5%.
- Repurchased 136,000 shares for $8.7M at avg $64.21; $82M remaining under buyback program.
- Took delivery of 3 of 20 E175 under United Airlines agreement; scheduled 38 E175 deliveries through 2026.
- Cash and marketable securities $821M at March 31, 2024; total debt $2.9B, down from $3.0B.

## SEC filing metadata
- accession: 0001558370-24-005758
- form_type: 8-K
- ticker: SKYW
- cik: 0000793733
- company_name: SKYWEST INC
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/793733/000155837024005758/0001558370-24-005758-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/793733/000155837024005758/skyw-20240425x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-005758
- JSON: https://secwatch.observer/filing/0001558370-24-005758.json
- Plain text: https://secwatch.observer/filing/0001558370-24-005758.txt

## Key facts
- Earnings Releases
  SKYWEST INC reported the three months ended March 31, 2024 results: revenue $804 million, net income $60 million, EPS $1.45 per diluted share.
  - Period: the three months ended March 31, 2024
  - Revenue: $804 million
  - Net income: $60 million
  - EPS: $1.45 per diluted share
  - Result: reported results
  source text: captain availability has improved. We are also pleased with how our teams performed under challenging winter conditions during the first quarter.” Financial Results Revenue was $804 million in Q1 2024, up $112 million, or 16%, from $692 million in Q1 2023. SkyWest’s block hour production increased 5% in Q1 2024 compared to Q1 2023, which reflects improvements in
  evidence_url: https://www.sec.gov/Archives/edgar/data/793733/000155837024005758/0001558370-24-005758-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.