SKYWEST INC

For the period ended Mar 31, 2025. Filed Apr 25, 2025.

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.

Mar 31, 2025 · Filed Apr 25, 2025

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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Contents

Consolidated Statements of Comprehensive Income

(In thousands, except per share amounts)


· · Three months ended
· · March 31,
	2025		2024
OPERATING REVENUES:
Flying agreements		$915,994		$778,289
Lease, airport services and other		32,461		25,325
Total operating revenues		948,455		803,614
OPERATING EXPENSES:
Salaries, wages and benefits		377,311		350,999
Aircraft maintenance, materials and repairs		209,100		145,415
Depreciation and amortization		89,446		95,870
Airport-related expenses		27,823		20,888
Aircraft fuel		24,488		21,164
Other operating expenses		80,910		69,772
Total operating expenses		809,078		704,108
OPERATING INCOME		139,377		99,506
OTHER INCOME (EXPENSE):
Interest income		10,086		11,626
Interest expense		(27,118)		(29,829)
Other expense, net		(1,627)		(1,128)
Total other expense, net		(18,659)		(19,331)
INCOME BEFORE INCOME TAXES		120,718		80,175
PROVISION FOR INCOME TAXES		20,167		19,877
NET INCOME		$100,551		$60,298

BASIC EARNINGS PER SHARE		$2.48		$1.50
DILUTED EARNINGS PER SHARE		$2.42		$1.45
Weighted average common shares:
Basic		40,490		40,299
Diluted		41,599		41,492

COMPREHENSIVE INCOME:
Net income		$100,551		$60,298
Net unrealized depreciation on marketable securities, net of taxes		(75)		(173)
TOTAL COMPREHENSIVE INCOME		$100,476		$60,125

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.