SkyWest Airlines 2005 Annual Report Download - page 7

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PART I
Unless otherwise indicated, “SkyWest,” “we,” “us,” “our” and similar terms refer to SkyWest, Inc. and our subsidiaries;
“SkyWest Airlines” refers to our wholly-owned subsidiary, SkyWest Airlines, Inc.; and “ASA” refers to our wholly-owned
subsidiary, Atlantic Southeast Airlines, Inc.
Cautionary Statement Concerning Forward-Looking Statements
Certain of the statements contained in this Annual Report on Form 10-K should be considered “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified
by words such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “estimate,” “plan,” “project,” “could,” “should,”
“hope,” “likely,” and “continue” and similar terms used in connection with statements regarding our outlook, the revenue
environment, our contract relationships, and our expected financial performance. These statements include, but are not limited to,
statements about the benefits of our acquisition of ASA, including our future financial and operating results, our plans for
SkyWest Airlines and ASA, our objectives, expectations and intentions and other statements that are not historical facts. You
should also keep in mind that all forward-looking statements are based on our existing beliefs about present and future events
outside of our control and on assumptions that may prove to be incorrect. If one or more risks identified in this report, or any
applicable filings materializes, or any other underlying assumptions prove incorrect, our actual results may vary materially from
those anticipated, estimated, projected, or intended. These risks and uncertainties include, but are not limited to, those described
below in Item 1A., Risk Factors, and the following:
• our ability to achieve anticipated potential benefits with respect to our acquisition of ASA;
• our ability to obtain and maintain financing necessary for operations and other purposes;
• our ability to maintain adequate liquidity;
• the impact of high fuel prices on the airline industry;
• the impact of global instability, including the continued impact of the United States military presence in foreign
countries, the September 11, 2001 terrorist attacks and the potential impact of future hostilities, terrorist attacks or othe
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global events;
• our ability to attract and retain code-share partners;
• changes in our code-share relationships;
• the cyclical nature of the airline industry;
• competitive practices in the airline industry, including significant fare-restructuring activities, capacity reductions and
bankruptcy and other airline restructurings by major and regional carriers, including Delta Air Lines (“Delta”) an
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United Air Lines (“United”);
• global and national economic conditions;
• labor costs;
• security-related and insurance costs;
• weather conditions;
• government legislation and regulation;
• unfavorable resolution of negotiations with municipalities for the leasing of facilities;
• relations with ASA’s unionized employees and the impact and outcome of labor negotiations;
• unionization efforts among SkyWest Airlines’ employees; and
• other risks and uncertainties listed from time to time in our reports filed with the SEC.
There may be other factors not identified above of which we are not currently aware that may affect matters discussed in the
forward-looking statements, and may also cause actual results to differ materially from those discussed. We assume no obligation
to publicly update any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors
affecting these statements other than as required by law.