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Dec 31, 2023
SkyWest Q4 2023 Earnings Report
SkyWest's financial performance improved in Q4 2023, marked by increased revenue and a return to profitability compared to the previous year's loss.
Key Takeaways
SkyWest, Inc. reported a net income of $18 million, or $0.42 per diluted share, for Q4 2023, a significant improvement from the net loss of $47 million, or $0.93 loss per share, in Q4 2022. The company's revenue increased by 10% to $752 million, driven by flying contract rate increases and higher production. SkyWest repurchased 1.0 million shares of common stock for $45 million during the quarter.
Reported Q4 2023 net income of $18 million, or $0.42 per diluted share, compared to a net loss of $47 million, or $0.93 loss per share, for Q4 2022.
Revenue increased by 10% to $752 million, driven by flying contract rate increases and a 2% increase in production.
Repurchased 1.0 million shares of common stock for $45 million during Q4 2023.
Ended the year with $835 million in cash and marketable securities.
Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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