SkyWest Airlines 2014 Annual Report Download - page 36

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.
The amount of common stock we repurchase may decrease from historical levels, or we may not repurchase
any additional shares of common stock.
Historically, we have repurchased shares of our common stock in varying amounts. Our future
repurchases of shares of common stock, if any, and the number of shares of common stock we may
repurchase will depend upon our financial condition, 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 repurchasing shares of common stock or that we will have the financial resources to
repurchase shares of common stock in the future.
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 shares of preferred and common stock 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, 2014, our fleet consisted of the following types of owned and leased aircraft:
Number of Number of Scheduled Average
Owned Leased Passenger Flight Cruising Average
Aircraft Type Aircraft Aircraft Capacity Range (miles) Speed (mph) Age (years)
CRJ200s ................. 94 154 50 1,500 530 12.9
CRJ700s ................. 70 69 70 1,600 530 9.6
CRJ900s ................. 11 53 90 1,500 530 7.1
E175s ................... 20 — 76 2,100 530 0.4
ERJ145s ................. — 226 50 1,500 530 12.7
ERJ135s ................. — 9 37 1,500 530 13.6
EMB120s ................ 18 25 30 300 300 17.3
The following table outlines the currently anticipated size and composition of our combined fleet
for the periods indicated. The projected fleet size schedule below assumes aircraft financed under
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