SkyWest Airlines 2010 Annual Report Download - page 36

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The amount of dividends we pay may decrease or we may not pay dividends.
Historically, we have paid dividends in varying amounts on our common stock. The future payment
and amount of cash dividends will depend upon our financial condition and results of operations, loan
covenants and other factors deemed relevant by our board of directors. There can be no assurance that
we will continue our practice of paying dividends on our common stock or that we will have the
financial resources to pay such dividends.
Provisions of our charter documents and code-share agreements may limit the ability or desire of others to
gain control of our company.
Our ability to issue preferred and common shares without shareholder approval may have the
effect of delaying or preventing a change in control and may adversely affect the voting and other
rights of the holders of our common stock, even in circumstances where such a change in control would
be viewed as desirable by most investors. The provisions of the Utah Control Shares Acquisitions Act
may also discourage the acquisition of a significant interest in or control of our company. Additionally,
our code-share agreements contain termination and extension trigger provisions related to change in
control type transactions that may have the effect of deterring a change in control of our company.
ITEM 1B. UNRESOLVED STAFF COMMENTS
None
ITEM 2. PROPERTIES
Flight Equipment
As of December 31, 2010, our fleet consisted of the following types of owned and leased aircraft:
Number of Number of Passenger Scheduled Flight Average Cruising Average Age
Aircraft Type Owned Aircraft Leased Aircraft Capacity Range (miles) Speed (mph) (years)
CRJ200s ............. 86 172 50 1,500 530 9.2
CRJ700s ............. 65 60 70 1,600 530 5.7
CRJ900s ............. 11 24 90 1,500 530 3.1
ERJ145s ............. 0 244 50 1,500 530 9.0
Brasilia Turboprops ..... 9 39 30 300 300 13.5
On January 4, 2011, we announced SkyWest Airlines’ plans to acquire four additional regional jet
aircraft during 2011. SkyWest Airlines plans to place these aircraft into operation under the SkyWest
Airlines Delta Connection Agreement. Additionally, we have announced plans to lease eight used
CRJ700s from another operator. SkyWest Airlines and Atlantic Southeast plan to operate the eight
CRJ700s under the SkyWest Airlines and Atlantic Southeast Delta Connection Agreements. On
January 25, 2011, SkyWest Airlines agreed to operate five CRJ700s for Alaska Airlines. SkyWest
Airlines plans to lease these aircraft from Alaska Airlines for a nominal amount.
Total expenditures for these aircraft and related flight equipment, including amounts for
contractual price escalations, are estimated to be approximately $193.5 million through 2011.
The following table outlines the number of Bombardier Regional Jets that SkyWest Airlines,
Atlantic Southeast and ExpressJet are scheduled to receive during each of the periods set forth below
and the expected size and composition of our combined fleet following the receipt of these aircraft.
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