SkyWest, Inc. (NASDAQ:SKYW) Q1 2023 Earnings Conference Call April 27, 2023 4:30 PM ET Company Participants Robert Simmons - CFO Eric Woodward - CAO Chip Childs - President and CEO Wade Steel - Chief Commercial Officer Conference Call Participants Mike Linenberg - Deutsche Bank Helane Becker - TD Cowen Catherine O'Brien - Goldman Sachs Operator Good day, everyone, and welcome to the SkyWest Incorporated First Quarter 2023 Results Call. Today's call is being recorded. [Operator Instructions] I would now like ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 0-14719 SKYWEST, INC. Incorporated under the Laws of Utah 87-0292166 (IRS Employer ID No.) 444 South River Road St. George, Utah 8479 ...

SkyWest, Inc. (NASDAQ:SKYW) Q4 2022 Earnings Conference Call February 2, 2023 4:30 AM ET Company Participants Robert Simmons - Chief Financial Officer Eric Woodward - Chief Accounting Officer Chip Childs - President and Chief Executive Officer Wade Steel - Chief Commercial Officer Conference Call Participants Michael Linenberg - Deutsche Bank Savanthi Syth - Raymond James Dwayne Pfennigwerth - Evercore ISI Helane Becker - Cowen Catherine O'Brien - Goldman Sachs Operator Good afternoon. My name is Devin, and ...

SkyWest, Inc. (NASDAQ:SKYW) Q3 2022 Results Earnings Conference Call October 27, 2022 4:30 PM ET Company Participants Robert Simmons - Chief Financial Officer Eric Woodward - Chief Accounting Officer Chip Childs - President and Chief Executive Officer Wade Steel - Chief Commercial Officer Conference Call Participants Michael Linenberg - Deutsche Bank Savanthi Syth - Raymond James Dwayne Pfennigwerth - Evercore ISI Operator Okay. Good afternoon. My name is Emma and I will be your conference operator today. A ...

SKYV INCORPORATED SkyWest INVESTOR UPDATE Q3 2022 UNITED $ ▲ DELTA 莎 Prove SKYWEST 1 SINCE 1975 Skywest SkyWest Forward Looking Statements In addition to historical information, this presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "forecasts," "expects," "intends," "believes," "anticipates," "estimates," "should," "likely" and similar expressions identify forward-looking statements. Such statements include, but are no ...

Table of Contents SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-14719 SKYWEST, INC. 444 South River Road St. George, Utah 84790 (435) 634-3000 (Address of principal executive offices and telephone number) Sec ...

SkyWest, Inc. (NASDAQ:SKYW) Q2 2022 Results Conference Call July 28, 2022 4:30 PM ET Company Participants Rob Simmons - CFO Chip Childs - President and CEO Wade Steel - CCO Eric Woodward - CAO Conference Call Participants Savi Syth - Raymond James Michael Linenberg - Deutsche Bank Helane Becker - Cowen Operator Good day and welcome to the SkyWest Inc. Second Quarter 2022 Earnings Call. [Operator Instructions] I would now like to turn the conference over to Mr. Robert Simmons, Chief Financial Officer. Sir, p ...

Table of Contents Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-14719 SKYWEST, INC. SECURITIES AND EXCHANGE COMMISSION Incorporated under the laws of Utah 87-0292166 (I.R.S. Employer ID No.) 444 South River Road St. George, Utah 84790 (435) 6 ...

Financial Data and Key Metrics Changes - The company reported a first quarter GAAP net income of $17.7 million, or $0.35 diluted earnings per share, with a pre-tax income of $24.8 million [22] - Total Q1 revenue was $735 million, down 5% sequentially from Q4 2021 but up 38% from Q1 2021 [23] - The effective tax rate for Q1 was 28% [22] Business Line Data and Key Metrics Changes - Contract revenue decreased by 2% from Q4 2021 but increased by 42% from Q1 2021 [23] - Prorate revenue was $79 million in Q1, down 28% from Q4 2021 but up 15% from Q1 2021 [23] - Leasing and other revenue increased by 7% sequentially and 16% year-over-year [23] Market Data and Key Metrics Changes - The company anticipates a reduction in 2022 production by about 5% compared to 2021, slightly better than previous estimates [18] - The second quarter is expected to perform better than the first quarter, while the second half of the year is projected to be lower due to crew imbalance [30] Company Strategy and Development Direction - The company plans to place 46 new E175s into service within the next 12 months, aiming for a total of 240 E175s by early next year [7] - A focus on maintaining a robust hiring pipeline and addressing pilot attrition through various incentives and career pathways [12][19] - The company filed a 90-day termination notice for 29 communities to manage staffing imbalances while exploring partnerships with other airlines to maintain service [15][39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong demand for regional flying, particularly as communities seek better connectivity post-pandemic [19] - The staffing imbalance and ongoing refleeting are expected to constrain production into late 2023 to early 2024 [13] - The company remains committed to investing in its fleet and addressing pilot shortages to position itself strongly for future growth [20][33] Other Important Information - The company ended Q1 with cash of $856 million, essentially flat from the previous quarter, and expects total 2022 CapEx to be approximately $800 million [26][29] - The company has over $1 billion of unpledged collateral available for additional liquidity if needed [27] Q&A Session Summary Question: Is the improved block hour outlook due to better pilot hiring and training? - The company optimized block hours based on fleet mix changes and found stabilization in some models, aiding in more accurate predictions [45] Question: How is pilot attrition trending? - Pilot attrition has remained flat since the last quarter, with expectations for a lighter summer and a potential increase in the fall [46] Question: Are there plans to invest in training capacity? - The primary issue is time for first officers to gain experience to upgrade, not a training capacity problem [51] Question: What are the implications of the pilot shortage on future production? - The company is preparing for a wide range of outcomes, with expectations to recover pilot numbers starting in late 2023 [70] Question: What opportunities exist in the leasing business? - There is strong demand for CRJ200s and engines, with interest from smaller airlines looking to lease from the company [78]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 0-14719 SKYWEST, INC. Incorporated under the Laws of Utah 87-0292166 (IRS Employer ID No.) 444 South River Road St. George, Utah 84790 (435) 634-3000 Securities Registered Pursuant to Section 12(b) of the Act: ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ...