Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,516.27 98.74 0.68%
TOPIX 1,173.37 6.78 0.58%
HANG SENG 22,760.24 64.23 0.28%

SkyWest, Inc. Announces Stock Repurchase Plan

                SkyWest, Inc. Announces Stock Repurchase Plan

PR Newswire

ST. GEORGE, Utah, Sept. 14, 2012

ST. GEORGE, Utah, Sept. 14, 2012 /PRNewswire/ -- SkyWest, Inc. ("SkyWest")
(NASDAQ: SKYW) announced today that its Board of Directors has approved the
SkyWest, Inc. 2012 Stock Repurchase Plan ("the Plan") and SkyWest has entered
into an agreement with Raymond James & Associates to repurchase up to
approximately 6.5 million outstanding shares of SkyWest common stock, from
time to time, in open market or privately negotiated transactions in
accordance with the requirements of Rule 10b5-1 promulgated under the
Securities Exchange Act of 1934, as amended. Repurchases under the Plan may
commence 30 days from today, subject to the Plan's terms and conditions.

SkyWest is the holding company for two scheduled passenger airline operations
and an aircraft leasing company and is headquartered in St. George, Utah.
SkyWest's scheduled passenger airline operations consist of SkyWest Airlines,
also based in St. George, Utah, and ExpressJet Airlines, based in Atlanta,
Georgia.  SkyWest Airlines operates as United Express and Delta Connection
carriers under contractual agreements with United Airlines, Inc. ("United")
and Delta Air Lines, Inc. ("Delta").  SkyWest Airlines also operates as US
Airways Express under a contractual agreement with US Airways, Inc., and
operates flights for Alaska Airlines under a contractual agreement. 
ExpressJet Airlines operates as United Express and Delta Connection carriers
under contractual agreements with United and Delta. System-wide, SkyWest
serves markets in the United States, Canada, Mexico and the Caribbean with
approximately 4,000 daily departures and a fleet of approximately 725 regional
aircraft.  This press release and additional information regarding SkyWest can
be accessed at

In addition to historical information, this release contains forward-looking
statements.  SkyWest may, from time to time, make written or oral
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995.  Such statements encompass SkyWest's beliefs,
expectations, hopes or intentions regarding future events.  Words such as
"forecasts", "expects," "intends," "believes," "anticipates," "should,"
"likely" and similar expressions identify forward-looking statements.  All
forward-looking statements included in this release are made as of the date
hereof and are based on information available to SkyWest as of such date. 
SkyWest assumes no obligation to update any forward-looking statement. 
Readers should note that many factors could affect the future operating and
financial results of SkyWest, SkyWest Airlines and ExpressJet Airlines, and
could cause actual results to vary materially from those expressed in
forward-looking statements set forth in this release.  These factors include,
but are not limited to, the ability of SkyWest Airlines and ExpressJet
Airlines to operate profitably under code share agreements which those
companies recently executed with American Airlines, the ability of ExpressJet
Airlines to realize potential synergies and other anticipated financial
impacts of the consolidation of its operations, the possibility that future
financial and operating results of ExpressJet Airlines may not meet SkyWest's
forecasts and the timing of the ongoing consolidation of the operations of
ExpressJet Airlines, if achieved.  

Actual operational and financial results of SkyWest, SkyWest Airlines and
ExpressJet Airlines will also vary, and may vary materially, from those
anticipated, estimated, projected or expected for a number of other reasons,
including, in addition to those identified above: the challenges of competing
successfully in a highly competitive and rapidly changing industry;
developments associated with fluctuations in the economy and the demand for
air travel; ongoing negotiations between SkyWest, SkyWest Airlines and
ExpressJet Airlines and their major partners regarding their contractual
obligations; the financial stability of those major partners and any potential
impact of their financial condition on the operations of  SkyWest, SkyWest
Airlines, or ExpressJet Airlines; the resolution of current litigation with a
major airline partner of SkyWest Airlines and ExpressJet Airlines;
fluctuations in flight schedules, which are determined by the major partners
for whom SkyWest's operating airlines conduct flight operations; variations in
market and economic conditions; labor relationships; the impact of global
instability; rapidly fluctuating fuel costs; the degree and nature of
competition; potential fuel shortages; the impact of weather-related or other
natural disasters on air travel and airline costs; aircraft deliveries; and
other unanticipated factors.  Risk factors, cautionary statements and other
conditions which could cause SkyWest's actual results to differ from
management's current expectations are contained in SkyWest's filings with the
Securities and Exchange Commission; including the section of SkyWest's Annual
Report on Form 10-K for the year ended December 31, 2011, entitled "Risk

SOURCE SkyWest, Inc.

Contact: Michael J. Kraupp, Chief Financial Officer and Treasurer,
+1-435-634-3203, or Fax, +1-435-634-3205
Sponsored Links
Sponsored Links