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Midas Edge

SKYWEST INC

For the period ended Sep 30, 2024. Filed Nov 1, 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.

Sep 30, 2024 · Filed Nov 1, 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

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

​​​​​​​​​​​​​
​ · ​ · Three months ended · ​ · Nine months ended
​ · ​ · September 30, · ​ · September 30,
​2024202320242023
OPERATING REVENUES:​​​​​​​​​​​​
Flying agreements​$883,494​$741,898​$2,499,953​$2,106,130
Lease, airport services and other​29,292​24,273​83,565​77,515
Total operating revenues​912,786​766,171​2,583,518​2,183,645
OPERATING EXPENSES:​​​​​​​​​​​​
Salaries, wages and benefits​377,435​333,017​1,083,439​990,659
Aircraft maintenance, materials and repairs​181,652​178,465​510,334​483,182
Depreciation and amortization​96,662​96,560​289,346​287,878
Aircraft fuel​22,724​23,330​65,216​62,573
Airport-related expenses​22,642​18,398​61,065​53,648
Aircraft rentals​1,339​2,099​3,925​24,055
Other operating expenses​78,897​65,011​219,612​205,203
Total operating expenses​781,351​716,880​2,232,937​2,107,198
OPERATING INCOME​131,435​49,291​350,581​76,447
OTHER INCOME (EXPENSE):​​​​​​​​​​​​
Interest income​12,460​11,234​36,126​31,761
Interest expense​(27,808)​(32,543)​(86,603)​(99,881)
Other income (loss), net​109​(3,631)​(1,567)​7,544
Total other expense, net​(15,239)​(24,940)​(52,044)​(60,576)
INCOME BEFORE INCOME TAXES​116,196​24,351​298,537​15,871
PROVISION (BENEFIT) FOR INCOME TAXES​26,487​873​72,952​(955)
NET INCOME​$89,709​$23,478​$225,585​$16,826
​​​​​​​​​​​​​
BASIC EARNINGS PER SHARE​$2.23​$0.56​$5.61​$0.37
DILUTED EARNINGS PER SHARE​$2.16​$0.55​$5.44​$0.37
Weighted average common shares:​​​​​​​​​​​​
Basic​40,253​​41,826​​40,244​​45,018
Diluted​41,561​​42,580​​41,495​​45,540
​​​​​​​​​​​​​
COMPREHENSIVE INCOME:​​​​​​​​​​​​
Net income​$89,709​$23,478​$225,585​$16,826
Net unrealized appreciation on marketable securities, net of taxes​883​624​50​3,618
TOTAL COMPREHENSIVE INCOME​$90,592​$24,102​$225,635​$20,444

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.