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

SkyWest swings to Q1 2024 profit of $60 million, or $1.45 per diluted share

Positive Impact 3 of 5 earnings Written later

SkyWest reported first-quarter 2024 net income of $60 million, or $1.45 per diluted share, compared with a net loss of $22 million, or $0.45 per share, in the first quarter of 2023. Revenue rose 16% to $804 million, while operating expenses rose 1% to $704 million, and block hour production increased 5%.

Key points

  • Revenue of $804 million, up $112 million (16%) from $692 million in Q1 2023.
  • Net income of $60 million, or $1.45 per diluted share, versus a net loss of $22 million ($0.45 loss per share) a year earlier.
  • Operating expenses of $704 million, up 1%; block hour production up 5% year over year.
  • Repurchased 136,000 shares for $8.7 million at an average $64.21 per share; $82 million remained under the program as of March 31, 2024.

The filing

CompanySkyWest (SKYW)
Form8-K, current report
Filed with the SECApr 25, 2024, 4:01 PM ET
Accession number0001558370-24-005758

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 April 25, 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.