SkyWest Airlines 2008 Annual Report Download - page 77

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SKYWEST, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
DECEMBER 31, 2008
(4) Commitments and Contingencies (Continued)
combined accounted for approximately 94.1%, 93.3% and 95.6%, respectively of the Company’s total
revenues.
Employees
As of December 31, 2008 the Company and SkyWest Airlines collectively employed 8,987 full-time
equivalent employees consisting of 4,229 pilots and flight attendants, 3,201 customer service personnel,
1,079 mechanics and other maintenance personnel, and 478 administration and support personnel.
None of these employees are currently represented by a union. The Company is aware, however, that
collective bargaining group organization efforts among SkyWest Airlines’ employees occur from time to
time and the Company anticipates that such efforts will continue in the future. During 2007, SkyWest
Airlines’ pilots voted against a resolution to join an officially recognized union. Under governing rules,
SkyWest Airlines’ pilots may vote again on this issue in one year from the previous vote.
As of December 31, 2008, ASA employed approximately 4,348 full-time equivalent employees
consisting of 2,502 pilots and flight attendants, 703 customer service personnel, 884 mechanics and
other maintenance personnel, and 259 administration and support personnel. Three of ASA’s employee
groups are represented by unions. ASA’s pilots are represented by the Air Line Pilots Association
International (‘‘ALPA’’), ASA’s flight attendants are represented by the Association of Flight
Attendants-CWA, and ASA’s flight controllers are represented by the Professional Airline Flight
Control Association. ASA’s collective bargaining agreement with its pilots will become amendable on
November 20, 2010. ASA’s collective bargaining agreement with its flight attendants will become
amendable in 2011.The collective bargaining agreements between ASA and its flight controllers became
amendable September 26, 2003 and ASA is currently engaged in negotiations with its flight controllers.
(5) Fair Value Measurements
In September 2006, the FASB issued SFAS No. 157, Fair Value Measurements (‘‘SFAS No. 157’’).
SFAS No. 157 defines fair value, establishes a framework for measuring fair value in accordance with
accounting principles generally accepted in the United States, and expands disclosures about fair value
measurements. The Company adopted the provisions of SFAS No. 157 as of January 1, 2008, for
financial instruments. Although the adoption of SFAS No. 157 did not materially impact the Company’s
financial condition, results of operations or cash flows, SFAS No. 157 requires the presentation of the
following disclosures in these notes to condensed consolidated financial statements.
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