SkyWest, Inc.

SkyWest, Inc.
Public
Traded as NASDAQ: SKYW
S&P 600 Component
Industry Air Transportation
Aircraft Leasing
Founded September 8, 2005
Headquarters St. George, Utah, USA[1]
Products Airline Services
Website http://inc.skywest.com/
SkyWest Inc. headquarters in St. George, Utah

SkyWest, Inc. (NASDAQ: SKYW) is the holding company for two scheduled passenger airline operations, SkyWest Airlines and ExpressJet, and an aircraft leasing company and is headquartered in St. George, Utah, USA.

History

Until 2005, SkyWest, Inc. was the holding company of SkyWest Airlines, its sole subsidiary at the time. This changed on August 15, 2005, when SkyWest, Inc. agreed to acquire Atlantic Southeast Airlines (ASA) from Delta amidst Delta's bankruptcy proceedings for $425 million.[2] The bankruptcy judge approved the all-cash transaction, which helped Delta improve its liquidity; the deal closed on September 8, 2005.[3]

SkyWest Airlines and ASA have maintained separate hub feeder operations at their respective hubs. The FAA classifies SkyWest, Inc. as a major airline carrier with operating revenues of U$D 3.5 billion.[4] On August 4, 2010, the parent company, SkyWest, Inc., announced that its subsidiary ASA would acquire ExpressJet Airlines, whose feeder network is built up in the East Coast, the South and Midwest[5] The merger closed on November 12, 2010, and ASA and ExpressJet integrated their operations, and was granted a single operating certificate on December 31, 2011. The combined airline rebranded as ExpressJet.

On July 11, 2012, SkyWest, Inc. signed an agreement with Mitsubishi Aircraft Corporation to purchase 100 Mitsubishi Regional Jets with an option for up to 100 more. Deliveries began in 2017. This order may be split between SkyWest, Inc's. two subsidiaries, SkyWest Airlines and ExpressJet, and the airline is keeping the door open to leasing some aircraft to other carriers.[6]

On May 21, 2013, SkyWest, Inc. came to an agreement with Embraer to purchase 100 E-175 Regional Jets, with an option for up to 100 more.[7] Deliveries began in April 2014. The first 40 aircraft will be flown by SkyWest, Inc.'s wholly owned subsidiary, SkyWest Airlines, under a 12-year capacity purchase agreement with United Airlines in a 76-seat, dual class configuration.[8]

Airline divisions

Fleet overview

SkyWest, Inc. owns IATA: ICAO: Call Sign: Codeshare flight numbers range: Aircraft quantity, type, and seating:
American Eagle (AA)
Delta Connection (DL)
United Express (UA)		 EV ASQ ACEY UA3805‐3854, 4085‐4714, 4860‐4868, 5660-6189
AA2055-2599		 14 Bombardier CRJ-200 (50: Y50)
38 Bombardier CRJ-700 (65: F9,Y56)
28 Bombardier CRJ-900 (76: F12,Y64)
5 Embraer ERJ-135 (37: Y37)
173 Embraer ERJ-145ER, 145LR (50: Y50)
Total: 258 aircraft
American Eagle (AA)
Alaska Airlines - SkyWest (AS)
Delta Connection (DL)
United Express (UA)		 OO SKW SKYWEST AA 2880-3109, 3135-3214
AS 3340-3499
DL 3520-3569, 4439-4858, 4869-4999
OO 3110-34, 4277-96, 5000-175, 7359-439
UA 5176-5999		 201 Bombardier CRJ-200 (50: Y+4,Y46)
27 Bombardier CRJ-700 (69: F9,Y+16,Y44)
19 Bombardier CRJ-700 (70: F6,Y+16,Y48)
40 Bombardier CRJ-700 (70: F6,Y+16,Y48)
36 Bombardier CRJ-900 (76: F12,Y+20,Y44)
111 Embraer ERJ-175 E1 (76: F12,Y+16,Y48)
9 Embraer ERJ-175 E1 (70: F12,Y+20,Y38)
Total: 443 aircraft

Destinations

SkyWest, Inc. flies across North America. SkyWest Airlines serves 241 cities and ExpressJet serves 113 cities.[1]

Controversy

On Nov 20, 2002, SkyWest, Inc. announced to adjust its reports as its independent auditors, KPMG LLP (KPMG), had determined that certain revenue and expenses may have been inaccurately allocated among interim and fiscal year periods.[9]

References

  1. 1 2 "Who We Are". Skywest Inc. Retrieved 7 June 2018.
  2. ↑ Nii, Jenifer (16 August 2005). "SkyWest deal: St. George-based firm buys Delta's ASA". Deseret Morning News. Retrieved 20 August 2013.
  3. ↑ "SkyWest Completes Purchase of Atlantic Southeast Airlines" (PDF). www.inc.skywest.com. Retrieved 20 August 2013.
  4. ↑ http://inc.skywest.com/invest/Annual%20Reports/10k-2012.pdf
  5. ↑ "SkyWest to acquire ExpressJet in continued US regional consolidation". Website. Centre for Aviation (CAPA). Retrieved 20 August 2013.
  6. ↑ http://inc.skywest.com/invest/investor_releases/Press%20relelase%20-%20Mitsubishi%20agreement%20in%20principle%20(July%2011%202012).pdf
  7. ↑ "SKYWEST, INC. ANNOUNCES AGREEMENT WITH EMBRAER FOR 100 FIRM AND 100 OPTIONS E175 REGIONAL JETS" (PDF). Website. SkyWest, Inc. Retrieved 20 August 2013.
  8. ↑ https://online.wsj.com/article/BT-CO-20130521-705066.html?mod=googlenews_wsj
  9. ↑ "SkyWest, Inc. Announces Delay in Filing Form 10-Q for the Quarter Ended September 30, 2002.C".
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