SkyWest Airlines 2006 Annual Report Download - page 9

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3
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-ownedsubsidiary, SkyWest Airlines,Inc.; and “ASA” refers
to our wholly-ownedsubsidiary, Atlantic Southeast Airlines, Inc.
Cautionary Statement Concerning Forward-Looking Statements
Certainof the statements contained in this Annual Report on Form 10-K shouldbe considered
“forward-lookingstatements” within the meaning of thePrivate 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”
andsimilar 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, statementsabout the benefits of our acquisition of ASA, including our futurefinancial and
operating results, ourplans for SkyWest Airlines andASA, our objectives, expectations and intentions and
other statements that are nothistorical facts. You should also keep in mind that allforward-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.Theserisksand uncertaintiesinclude,
but arenot 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 impactof high fuel priceson the airlineindustry;
•theimpact of global instability, including the continued impact of theUnited States military
presence in foreign countries, theSeptember 11, 2001 terrorist attacks and thepotential impact of
future hostilities, terrorist attacks or other global events;
•our ability to attract andretain code-sharepartners;
•changes in our code-sharerelationships;
•thecyclical nature of the airline industry;
•competitivepractices in the airline industry, including significant fare-restructuring activities,
capacity reductions andbankruptcy and other airline restructurings by major and regional carriers,
including Delta Air Lines (“Delta”) and United Air Lines (“United”);
•global and national economic conditions;
•laborcosts;
•security-related and insurance costs;
•weather conditions;
•government legislation and regulation;
•unfavorable resolution of negotiations with municipalitiesfor the leasing of facilities;
•relations with ASA’s unionized employees and theimpactand outcomeof labornegotiations;