secwatch.observer — SEC 8-K summary
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Issuer:     SKYWEST INC (SKYW)
CIK:        0000793733
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0001558370-24-014050
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SkyWest Q3 net income $90M ($2.16 EPS); revenue up 19% YoY; CRJ550 deal with United
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- Net income of $90M, diluted EPS $2.16 vs $0.55 in Q3 2023; pre-tax income $116M.
- Revenue $913M, up 19% from $766M; block hours increased 15% YoY.
- Agreement with United for 40 CRJ550s: 11 used, 29 converted from CRJ700s; deliveries through 2026.
- Repurchased 217K shares for $16.3M at avg $74.98; $53M remaining under buyback program.
- Debt reduced to $2.7B from $3.0B; cash and marketable securities $836M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793733/000155837024014050/0001558370-24-014050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793733/000155837024014050/skyw-20241031x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-014050

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