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AI brief of an SEC Form 8-K · SkyWest (SKYW)

SkyWest Q2 net income falls to $15 million, or $0.35 a share, from $54 million

Negative Impact 4 of 5 earnings Written later

SkyWest reported second quarter 2023 net income of $15 million, or $0.35 per diluted share, down from $54 million, or $1.07 per diluted share, a year earlier. Revenue fell 9% to $726 million, and the company deferred $60 million of revenue due to modified terms in its amended flying contracts.

Key points

  • Revenue was $726 million, down $73 million, or 9%, from $799 million in Q2 2022
  • Net income was $15 million, or $0.35 per diluted share, versus $54 million, or $1.07, in Q2 2022
  • Company repurchased 3.3 million shares for $94 million in Q2 2023; $186 million remained under the May 2023 program
  • Total debt was $3.2 billion at June 30, 2023, down from $3.4 billion at December 31, 2022

The filing

CompanySkyWest (SKYW)
Form8-K, current report
Filed with the SECJul 27, 2023, 4:01 PM ET
Accession number0001558370-23-012401

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 27, 2023.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.