SkyWest Airlines 2014 Annual Report Download - page 83
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SKYWEST, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
DECEMBER 31, 2014
(1) Nature of Operations and Summary of Significant Accounting Policies (Continued)
US Airways Agreements
Number of Pass-through costs
aircraft under Term / Termination or costs paid directly Incentive
Agreement contract Dates by major partner Structure Payment Structure
SkyWest Airlines US • CRJ 200—10 • Terminates 2015 • Fuel • Performance based • Rate per block
Airways Agreement • CRJ 900—4 incentives hour, per departure
• Upon expiration, • Landing fees,
(fixed-fee and per aircraft
aircraft may be Station Rents,
arrangement) under contract
renewed or Deice
extended • Insurance
SkyWest Airlines US • CRJ 200—1 • Terminates with • None • None • Pro-rata sharing of
Airways Pro-rate 120- day notice the passenger fare
Agreement revenue
(revenue-sharing
agreement)
American Agreements
Number of Pass-through costs
aircraft under Term / Termination or costs paid directly Incentive
Agreement contract Dates by major partner Structure Payment Structure
SkyWest Airlines • CRJ 200—12 • Terminates 2016 • Fuel • Performance based • Rate per block
American incentives hour, per departure
• Upon expiration, • Landing fees,
Agreement and per aircraft
aircraft may be Station Rents,
(fixed-fee under contract
renewed or Deice
agreement) extended • Insurance
SkyWest Airlines • CRJ 200—4 • Terminates with • None • None • Pro-rata sharing of
American Pro-rate 120- day notice the passenger fare
Agreement revenue
(revenue-sharing
agreement)
ExpressJet American • CRJ 200—11 • Terminates 2017 • Fuel • Performance based • Rate per block
Agreement incentives hour, per departure
• Upon expiration, • Landing fees,
(fixed-fee and per aircraft
aircraft may be Station Rents,
agreement) under contract
renewed or Deice
extended • Insurance
ExpressJet American • CRJ 200—2 • Terminates with • None • None • Pro-rata sharing of
Pro-rate Agreement 120- day notice the passenger fare
(revenue-sharing revenue
agreement)
Other Revenue Items
The Company’s passenger and ground handling revenues could be impacted by a number of
factors, including changes to the Company’s code-share agreements with Delta, United, Alaska,
American or US Airways, contract modifications resulting from contract re-negotiations, the Company’s
ability to earn incentive payments contemplated under the Company’s code-share agreements and
settlement of reimbursement disputes with the Company’s major partners.
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