SkyWest Airlines 2009 Annual Report Download - page 91
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SKYWEST, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
DECEMBER 31, 2009
(13) Quarterly Financial Data (Unaudited)
Unaudited summarized financial data by quarter for 2009 and 2008 is as follows (in thousands,
except per share data):
Year Ended December 31, 2009
First Second Third Fourth
Quarter Quarter Quarter Quarter Year
Operating revenues (000) ............... $672,642 $698,823 $637,748 $604,401 $2,613,614
Operating income (000) ................ 40,824 59,769 63,253 48,349 212,195
Net income (000) .................... 9,372 26,219 28,566 19,501 83,658
Net income per common share:
Basic .............................. $ 0.17 $ 0.47 $ 0.51 $ 0.35 $ 1.50
Diluted ............................ 0.16 0.46 0.50 0.34 1.47
Weighted average common shares:
Basic: ............................. 56,546 55,657 55,605 55,606 55,854
Diluted: ........................... 57,427 56,558 56,652 56,621 56,814
Year Ended December 31, 2008
First Second Third Fourth
Quarter Quarter Quarter Quarter Year
Operating revenues (000) ............... $868,023 $950,820 $934,112 $743,294 $3,496,249
Operating income (000) ................ 68,222 72,951 60,259 53,799 255,231
Net income (000) .................... 29,140 36,434 26,156 21,199 112,929
Net income per common share:
Basic .............................. $ 0.49 $ 0.63 $ 0.46 $ 0.37 $ 1.95
Diluted ............................ 0.47 0.63 0.45 0.37 1.93
Weighted average common shares:
Basic: ............................. 60,013 57,377 57,027 56,744 57,790
Diluted: ........................... 61,351 58,009 57,682 57,488 58,633
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