SKYWEST INC
For the period ended Mar 31, 2024. Filed Apr 26, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 26, 2024
SKYW$83.76+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Comprehensive Income
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME** (LOSS)**
(Dollars and Shares in Thousands, Except per Share Amounts)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Three months ended | ||||||
| · · March 31, | ||||||
| | 2024 | 2023 | ||||
| OPERATING REVENUES: | | | | | | |
| Flying agreements | | $778,289 | | $663,838 | ||
| Lease, airport services and other | | 25,325 | | 27,993 | ||
| Total operating revenues | | 803,614 | | 691,831 | ||
| OPERATING EXPENSES: | | | | | | |
| Salaries, wages and benefits | | 350,999 | | 335,201 | ||
| Aircraft maintenance, materials and repairs | | 145,415 | | 142,226 | ||
| Depreciation and amortization | | 95,870 | | 94,149 | ||
| Aircraft fuel | | 21,164 | | 20,964 | ||
| Airport-related expenses | | 20,888 | | 18,295 | ||
| Aircraft rentals | | 1,276 | | 19,528 | ||
| Other operating expenses | | 68,496 | | 66,172 | ||
| Total operating expenses | | 704,108 | | 696,535 | ||
| OPERATING INCOME (LOSS) | | 99,506 | | (4,704) | ||
| OTHER INCOME (EXPENSE): | | | | | | |
| Interest income | | 11,626 | | 10,033 | ||
| Interest expense | | (29,829) | | (33,620) | ||
| Other income (loss), net | | (1,128) | | 2,174 | ||
| Total other expense, net | | (19,331) | | (21,413) | ||
| INCOME (LOSS) BEFORE INCOME TAXES | | 80,175 | | (26,117) | ||
| PROVISION (BENEFIT) FOR INCOME TAXES | | 19,877 | | (4,046) | ||
| NET INCOME (LOSS) | | $60,298 | | $(22,071) | ||
| | | | | | | |
| BASIC EARNINGS (LOSS) PER SHARE | | $1.50 | | $(0.45) | ||
| DILUTED EARNINGS (LOSS) PER SHARE | | $1.45 | | $(0.45) | ||
| Weighted average common shares: | | | | | | |
| Basic | | | 40,299 | | | 49,391 |
| Diluted | | | 41,492 | | | 49,391 |
| | | | | | | |
| COMPREHENSIVE INCOME (LOSS): | | | | | | |
| Net income (loss) | | $60,298 | | $(22,071) | ||
| Net unrealized appreciation (depreciation) on marketable securities, net of taxes | | (173) | | 1,480 | ||
| TOTAL COMPREHENSIVE INCOME (LOSS) | | $60,125 | | $(20,591) | ||
See accompanying notes to condensed consolidated financial statements
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