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

SkyWest posts Q4 2023 net income of $18 million, or $0.42 per diluted share

Mixed Impact 3 of 5 earnings Written later

SkyWest reported fourth-quarter 2023 net income of $18 million, or $0.42 per diluted share, compared with a net loss of $47 million a year earlier, as revenue rose 10% to $752 million. For full-year 2023, net income fell to $34 million, or $0.77 per diluted share, from $73 million, or $1.44, in 2022. Shareholders also saw the company repurchase $289 million of stock during 2023 and take a 25% stake in Contour Airlines.

Key points

  • Q4 2023 revenue was $752 million, up $71 million, or 10%, from $681 million in Q4 2022
  • Full-year 2023 net income was $34 million, or $0.77 per diluted share, versus $73 million, or $1.44, in 2022
  • SkyWest repurchased $45 million of stock in Q4 2023 and $289 million for the full year, with $91 million of authorization remaining
  • SkyWest acquired a 25% ownership stake in Contour Airlines, a Part 135 carrier

The filing

CompanySkyWest (SKYW)
Form8-K, current report
Filed with the SECFeb 1, 2024, 4:02 PM ET
Accession number0001558370-24-000690

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 February 01, 2024.

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.