Every material Form 8-K SkyWest filed with the SEC in 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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
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.
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
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every SkyWest filing is on SEC EDGAR ↗. 8-K briefs of other companies →