secwatch.observer — SEC 8-K summary
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Issuer:     SKYWEST INC (SKYW)
CIK:        0000793733
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001558370-24-005758
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793733/000155837024005758/0001558370-24-005758-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793733/000155837024005758/skyw-20240425x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-005758

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer