SkyWest Airlines 2007 Annual Report Download - page 3

Download and view the complete annual report

Please find page 3 of the 2007 SkyWest Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 68

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68

2
SKYWEST, INC.
ANNUAL REPORT ON FORM 10-K
TABLE OF CONTENTS
Page No.
PART I
Cautionary Statement Concerning Forward Looking Statements............................................................................. 3
Item 1. Business .............................................................................................................................................. 4
Item 1A. Risk Factors ........................................................................................................................................ 14
Item 1B. Unresolved Staff Comments............................................................................................................... 21
Item 2. Properties ............................................................................................................................................ 21
Item 3. Legal Proceedings............................................................................................................................... 24
Item 4. Submission of Matters to a Vote of Security Holders......................................................................... 24
PART II
Item 5.
Market for Registrant’ s Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities................................................................................................................................. 24
Item 6. Selected Financial Data ...................................................................................................................... 25
Item 7. Management’ s Discussion and Analysis of Financial Condition and Results of Operations.............. 27
Item 7A. Quantitative and Qualitative Disclosures About Market Risk ............................................................ 37
Item 8. Financial Statements and Supplementary Data................................................................................... 38
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure ............. 59
Item 9A. Controls and Procedures ..................................................................................................................... 59
Item 9B. Other Information ............................................................................................................................... 61
PART III
Item 10. Directors, Executive Officers and Corporate Governance.................................................................. 62
Item 11. Executive Compensation .................................................................................................................... 62
Item 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder
Matters ................................................................................................................................................ 62
Item 13. Certain Relationships and Related Transactions................................................................................. 62
Item 14. Principal Accountant Fees and Services ............................................................................................. 62
PART IV
Item 15. Exhibits and Financial Statement Schedules ...................................................................................... 62
Signatures ................................................................................................................................................................. 66