SkyWest Airlines 2007 Annual Report Download - page 40

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39
Report of Independent Registered Public Accounting Firm
The Board of Directors and Stockholders
SkyWest, Inc.
We have audited the accompanying consolidated balance sheets of SkyWest, Inc. and subsidiaries as of
December 31, 2007 and 2006, and the related consolidated statements of income, stockholders’ equity and comprehensive
income, and cash flows for each of the three years in the period ended December 31, 2007. These financial statements are the
responsibility of the Company’ s management. Our responsibility is to express an opinion on these financial statements based
on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board
(United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that
our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated
financial position of SkyWest, Inc. and subsidiaries at December 31, 2007 and 2006, and the consolidated results of their
operations and their cash flows for each of the three years in the period ended December 31, 2007, in conformity with U.S.
generally accepted accounting principles.
As discussed in Note 5 to the consolidated financial statements, effective January 1, 2006 SkyWest, Inc. and
subsidiaries adopted Statement of Financial Accounting Standard No. 123(R), Share-Based Payment.
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United
States), SkyWest, Inc.’ s internal control over financial reporting as of December 31, 2007, based on criteria established in
Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission
and our report dated February 22, 2008 expressed an unqualified opinion thereon.
/s/ ERNST & YOUNG LLP
Salt Lake City, Utah
February 22, 2008