SkyWest, Inc., through SkyWest Airlines and ExpressJet, offers scheduled passenger services with approximately 4,000 daily departures to destinations in the United States, Canada, Mexico, and the Caribbean. The company’s flights are operated as Delta Connection, United Express, US Airways Express, American Eagle or Alaska under code-share arrangements with Delta Air Lines, Inc. (Delta), United Air Lines, Inc. (United), US Airways Group, Inc. (US Airways), American Airlines, Inc. (American) or Alaska Airlines (Alaska), respectively. SkyWest Airlines and ExpressJet generally provide regional flying to the company’s partners under long-term, fixed-fee code-share agreements. As of December 31, 2013, the company’s consolidated fleet consisted of a total of 757 aircraft, of which 449 were assigned to United, 254 were assigned to Delta, 23 were assigned to American, 15 were assigned to US Airways, 7 were assigned to Alaska, 2 were subleased to unaffiliated entities and 7 were unassigned. The company operates two types of regional jet aircraft: the Bombardier Aerospace (Bombardier) regional jet, which comes in 3 different configurations: (the 50-seat Bombardier CRJ200 Regional Jet (the CRJ200), the 70-seat Bombardier CRJ700 Regional Jet (the CRJ700) and the 70-90-seat Bombardier CRJ900 Regional Jet (the CRJ900)), and the Embraer S.A. (Embraer) regional jet, which it operates in 2 different configurations the 50-seat Embraer ERJ-145 regional jet (the ERJ145) and the 37-seat Embraer ERJ-135 regional jet (the ERJ135). It also operates the 30-seat Embraer Brasilia EMB-120 turboprop (the Brasilia turboprop). SkyWest Airlines SkyWest Airlines provides regional jet and turboprop service to airports primarily located in the midwestern and western United States. SkyWest Airlines offered approximately 1,700 daily scheduled departures as of December 31, 2013, of which approximately 1,000 were United Express flights, 500 were Delta Connection flights, 90 were US Airways Express flights, 80 were American Eagle flights and 30 were Alaska-coded flights. SkyWest Airlines' operations are conducted principally from airports located in Chicago (O'Hare), Denver, Los Angeles, Houston, Minneapolis, Portland, Seattle, Phoenix, San Francisco and Salt Lake City. As of December 31, 2013, SkyWest Airlines operated a fleet of 334 aircraft. SkyWest Airlines conducts its United code-share operations under a United Express Agreement, pursuant to which SkyWest Airlines is paid primarily on a fee-per-completed block hour and departure basis, plus a margin based on performance incentives (the SkyWest Airlines United Express Agreement). SkyWest Airlines conducts its US Airways and Alaska operations pursuant to the terms of code-share agreements with Alaska and US Airways, respectively, pursuant to which SkyWest Airlines is paid primarily on a fee-per-completed block hour and departure basis, plus a fixed margin per aircraft each month, and an incentive or penalty based on performance incentives. SkyWest Airlines is also a party to a code-share agreement with American (the SkyWest Airlines American Agreement), pursuant to which SkyWest Airlines operates as American Eagle on designated routes, and is paid primarily on a fee-per-completed block hour and departure basis, plus a fixed margin per aircraft each month and an incentive or penalty based on performance incentives. ExpressJet ExpressJet provides regional jet service principally in the United States, primarily from airports located in Atlanta, Cleveland, Chicago (O'Hare), Denver, Houston, Detroit, Memphis, Newark, Minneapolis and Washington Dulles. ExpressJet offered approximately 2,200 daily scheduled departures as of December 31, 2013, of which approximately 700 were Delta Connection flights, 1,400 were United Express flights and 100 were American Eagle flights. As of December 31, 2013, ExpressJet operated a fleet of 421 aircraft. Seasonality The company’s results of operations for any interim period are not necessarily indicative of those for the entire year, in part because the airline industry is subject to seasonal fluctuations and general economic conditions. Its operations are somewhat favorably affected by pleasure travel on its pro-rate routes, historically contributing to increased travel in the summer months, and are unfavorably affected by decreased business travel during the months from November through January and by inclement weather which can result in cancelled flights, principally during the winter months. Employee Matters The company’s relations with labor unions in the U.S. are governed by the Railway Labor Act. Government Regulation All interstate air carriers, including SkyWest Airlines and ExpressJet, are subject to regulation by the U.S. Department of Transportation, the U.S. Federal Aviation Administration and other governmental agencies. Signiifcant Events In November 2014, Embraer S.A. and SkyWest Inc. have confirmed a firm order for seven E175 jets. The aircraft would be flown by SkyWest Airlines under a Capacity Purchase Agreement (CPA) with Alaska Airlines. Competition The primary competitors of SkyWest Airlines and ExpressJet among regional airlines with code-share arrangements include Air Wisconsin Airlines Corporation (Air Wisconsin); American Eagle Airlines, Inc. (American Eagle) (owned by American); Compass Airlines (Compass); Horizon Air Industries, Inc. (Horizon) (owned by Alaska Air Group, Inc.); Mesa Air Group, Inc. (Mesa); Endevor, Inc. (Endevor) (owned by Delta); Republic Airways Holdings Inc. (Republic); Trans State Airlines, Inc. (Trans State); and PSA Airlines, Inc. (PSA) (owned by US Airways). History SkyWest, Inc. was founded in 1972. The company was incorporated in Utah in 1972.
skywest inc (SKYW:NASDAQ GS)
444 South River Road
St. George, UT 84790
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