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Midas Edge

SKYWEST INC

For the period ended Jun 30, 2024. Filed Jul 26, 2024.

View on SEC.gov

About this filing

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.

Jun 30, 2024 · Filed Jul 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.

See the whole filing, with its images and exhibits
Contents

Consolidated Statements of Comprehensive Income (Loss)

(Dollars and Shares in Thousands, Except per Share Amounts)

​​​​​​​​​​​​​
​ · ​ · Three months ended · ​ · Six months ended
​ · ​ · June 30, · ​ · June 30,
​2024202320242023
OPERATING REVENUES:​​​​​​​​​​​​
Flying agreements​$838,170​$700,394​$1,616,459​$1,364,232
Lease, airport services and other​28,948​25,249​54,273​53,242
Total operating revenues​867,118​725,643​1,670,732​1,417,474
OPERATING EXPENSES:​​​​​​​​​​​​
Salaries, wages and benefits​355,005​322,441​706,004​657,642
Aircraft maintenance, materials and repairs​183,267​162,491​328,682​304,717
Depreciation and amortization​96,814​97,169​192,684​191,318
Aircraft fuel​21,328​18,279​42,492​39,243
Airport-related expenses​17,535​16,955​38,423​35,250
Aircraft rentals​1,310​2,428​2,586​21,956
Other operating expenses​72,219​74,020​140,715​140,192
Total operating expenses​747,478​693,783​1,451,586​1,390,318
OPERATING INCOME​119,640​31,860​219,146​27,156
OTHER INCOME (EXPENSE):​​​​​​​​​​​​
Interest income​12,040​10,494​23,666​20,527
Interest expense​(28,966)​(33,718)​(58,795)​(67,338)
Other income (loss), net​(548)​9,001​(1,676)​11,175
Total other expense, net​(17,474)​(14,223)​(36,805)​(35,636)
INCOME (LOSS) BEFORE INCOME TAXES​102,166​17,637​182,341​(8,480)
PROVISION (BENEFIT) FOR INCOME TAXES​26,588​2,218​46,465​(1,828)
NET INCOME (LOSS)​$75,578​$15,419​$135,876​$(6,652)
​​​​​​​​​​​​​
BASIC EARNINGS (LOSS) PER SHARE​$1.88​$0.35​$3.38​$(0.14)
DILUTED EARNINGS (LOSS) PER SHARE​$1.82​$0.35​$3.28​$(0.14)
Weighted average common shares:​​​​​​​​​​​​
Basic​40,179​​43,837​​40,239​​46,614
Diluted​41,431​​44,219​​41,462​​46,614
​​​​​​​​​​​​​
COMPREHENSIVE INCOME (LOSS):​​​​​​​​​​​​
Net income (loss)​$75,578​$15,419​$135,876​$(6,652)
Net unrealized appreciation (depreciation) on marketable securities, net of taxes​(660)​1,514​(833)​2,994
TOTAL COMPREHENSIVE INCOME (LOSS)​$74,918​$16,933​$135,043​$(3,658)

See accompanying notes to condensed consolidated financial statements

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.