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

SkyWest Q3 net income falls to $23 million, or $0.55 a share, from $0.96 a year earlier

Negative Impact 3 of 5 earnings Written later

SkyWest reported third-quarter 2023 net income of $23 million, or $0.55 per diluted share, down from $48 million, or $0.96, a year earlier. Revenue fell 3% to $766 million, and the company deferred $57 million of revenue tied to modified terms in its amended flying contracts, which weighed on results for shareholders.

Key points

  • Q3 2023 revenue was $766 million, down $23 million, or 3%, from $789 million in Q3 2022
  • Q3 2023 operating expenses rose $3 million to $717 million, driven by higher employee compensation, including pilot pay scales
  • SkyWest deferred $57 million of revenue in Q3 2023 versus recognizing $13 million of previously deferred revenue in Q3 2022
  • SkyWest secured a flying agreement with United Airlines for 19 new E175 aircraft, with deliveries from late 2024 through 2026

The filing

CompanySkyWest (SKYW)
Form8-K, current report
Filed with the SECOct 26, 2023, 4:01 PM ET
Accession number0001558370-23-016844

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 October 26, 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.