SkyWest Airlines 2015 Annual Report Download - page 7

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PART I
Unless otherwise indicated in this Report, “SkyWest,” “we,” “us,” “our” and similar terms refer to
SkyWest, Inc. and “SkyWest Airlines” refers to our wholly-owned subsidiary, SkyWest Airlines, Inc.
Effective December 31, 2011, our subsidiary, ExpressJet Airlines, Inc. was merged into our subsidiary, Atlantic
Southeast Airlines, Inc., with the surviving corporation named ExpressJet Airlines, Inc. (the “ExpressJet Combination”).
In this Report, “Atlantic Southeast” refers to Atlantic Southeast Airlines, Inc. for periods prior to the ExpressJet
Combination, “ExpressJet Delaware” refers to ExpressJet Airlines, Inc., a Delaware corporation, for periods prior to
the ExpressJet Combination, and “ExpressJet” refers to ExpressJet Airlines, Inc., the Utah corporation resulting from
the ExpressJet Combination, for periods subsequent to the ExpressJet Combination.
Cautionary Statement Concerning Forward-Looking Statements
Certain of the statements contained in this Report should be considered “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by
words such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “estimate,” “plan,” “project,” “could,”
“should,” “hope,” “likely,” and “continue” and similar terms used in connection with statements regarding our outlook,
anticipated operations, the revenue environment, our contractual relationships, and our anticipated financial performance.
These statements include, but are not limited to, statements about our future growth and development plans, including
our future financial and operating results, our plans for SkyWest Airlines and ExpressJet, our objectives, expectations
and intentions and other statements that are not historical facts. Readers should keep in mind that all forward-looking
statements are based on our existing beliefs about present and future events outside of our control and on assumptions
that may prove to be incorrect. If one or more risks identified in this Report materializes, or any other underlying
assumption proves incorrect, our actual results will vary, and may vary materially, from those anticipated, estimated,
projected, or intended. These risks and uncertainties include, but are not limited to, those described below in Item 1A.
Risk Factors.
There may be other factors that may affect matters discussed in forward-looking statements set forth in this
Report, which factors may also cause actual results to differ materially from those discussed. We assume no obligation to
publicly update any forward-looking statement to reflect actual results, changes in assumptions or changes in other
factors affecting these statements other than as required by applicable law.
ITEM 1. BUSINESS
General
Through SkyWest Airlines and ExpressJet, we offer scheduled passenger service with approximately 3,400
daily departures to destinations in the United States, Canada, Mexico and the Caribbean. Substantially all of our flights
are operated as Delta Connection, United Express, American Eagle or Alaska under code-share arrangements with Delta
Air Lines, Inc. (“Delta”), United Air Lines, Inc. (“United”), American Airlines, Inc. (“American”) or Alaska
Airlines, Inc. (“Alaska”), respectively. SkyWest Airlines and ExpressJet generally provide regional flying to our partners
under long-term, fixed-fee code-share agreements. Among other features of our fixed-fee agreements, our major airline
partners generally reimburse us for specified direct operating expenses (including fuel expense, which is passed through
to our partners), and pay us a fee for operating the aircraft.
On December 31, 2011, Atlantic Southeast and ExpressJet Delaware completed the ExpressJet Combination.
Since November 17, 2011, the operations formerly conducted by Atlantic Southeast and ExpressJet Delaware have been
conducted under a single operating certificate issued by the U.S. Federal Aviation Administration (the “FAA”).
SkyWest Airlines and ExpressJet have developed industry-leading reputations for providing quality regional
airline service during their long operating histories. SkyWest Airlines has been flying since 1972 and ExpressJet (and its
predecessors) since 1979. As of December 31, 2015, we had a combined fleet of 702 aircraft consisting of the following: