Every material Form 8-K SkyWest filed with the SEC in 2024, 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 2024 net income of $90 million, or $2.16 per diluted share, compared with $23 million, or $0.55 per diluted share, a year earlier. Revenue rose 19% to $913 million, and the company said it reached an agreement with United Airlines to place 40 CRJ550 aircraft under a multi-year contract.
Q3 2024 revenue was $913 million, up $147 million, or 19%, from $766 million in Q3 2023.
Q3 2024 net income was $90 million, or $2.16 per diluted share, versus $23 million, or $0.55 per diluted share, in Q3 2023.
SkyWest agreed with United Airlines to place 40 CRJ550s under a multi-year contract, including 11 used CRJ550s to be acquired.
SkyWest repurchased 217,000 shares for $16.3 million in Q3 2024 and had $53 million of remaining repurchase availability as of September 30, 2024.
SkyWest reported second quarter 2024 net income of $76 million, or $1.82 per diluted share, compared with $15 million, or $0.35 per diluted share, a year earlier. Revenue rose 19% to $867 million, while operating expenses rose 8% to $747 million as block hour production increased 12%. The company also repurchased 177,000 shares for $13.3 million in the quarter and had $69 million of remaining availability under its buyback program as of June 30, 2024.
Q2 2024 net income of $76 million, or $1.82 per diluted share, versus $15 million, or $0.35, in Q2 2023
Revenue of $867 million, up $141 million, or 19%, from $726 million in Q2 2023
Operating expenses of $747 million, up 8%; block hour production increased 12%
Repurchased 177,000 shares for $13.3 million at an average price of $75.23; $69 million remaining under the program
At its May 7, 2024 annual meeting, SkyWest shareholders approved an amended and restated 2019 Long-Term Incentive Plan that adds 1,298,000 shares to the existing share reserve, and they elected all seven director nominees. Shareholders also approved executive pay on an advisory basis and ratified Ernst & Young LLP as auditor for 2024, but rejected a shareholder proposal. The filing describes routine annual meeting outcomes that set the equity plan's terms for future awards.
Restated Plan adds 1,298,000 shares to the existing reserve; approved 31,598,502 for and 1,843,544 against
All seven director nominees were elected, with James L. Welch receiving 4,252,304 votes against
Advisory say-on-pay proposal approved with 32,838,259 votes for and 636,985 against
Shareholder proposal not approved: 8,577,141 for and 24,742,806 against
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%.
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.
SkyWest's board accepted the retirement of Jerry Atkin as director and Board Chair, effective at the 2024 Annual Meeting of Shareholders, under a governance guideline requiring directors to resign at age 75. The board named Lead Independent Director James L. Welch to succeed him as Board Chair, also effective at that meeting, so the change is a planned leadership transition rather than a sign of disagreement.
Jerry Atkin's retirement as director and Board Chair was accepted on March 22, 2024, effective at the 2024 Annual Meeting of Shareholders
Atkin joined the company in 1974, became President and CEO in 1975, and was Board Chair from 1991; he served as President until 2011 and CEO until 2015
James L. Welch, the Company's Lead Independent Director, was appointed to succeed Atkin as Board Chair
The filing says the retirement was not the result of any disagreement with the company on operations, policies or practices
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.
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
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 →