SkyWest Airlines 2007 Annual Report Download - page 4

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PART I
Unless otherwise indicated, “SkyWest,” “we,” “us,” “our” and similar terms refer to SkyWest, Inc.; “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
SkyWest’ s outlook, the revenue environment, our contract relationships, and our expected financial performance. These
statements include, but are not limited to, statements about our future growth and development plans, 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. Readers should 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 materializes, or any other underlying assumption proves incorrect, our actual
results will vary, and 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:
• the impact of high fuel prices on the airline industry;
• 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, consolidation of
major carriers, leaving fewer potential code-share partners, capacity reductions and bankruptcy filings and other
restructurings by major and regional carriers, including Delta Air Lines (“Delta”) and United Air Lines
(“United”);
• global and national economic conditions;
• labor costs;
• our ability to achieve anticipated potential benefits with respect to our acquisition of ASA;
• security-related and insurance costs;
• weather conditions;
• government legislation and regulation;
• relations with ASA’ s unionized employees and SkyWest Airlines the impact 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 that may affect matters discussed in forward-looking statements set forth in this Report,
which factors 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.