SkyWest Inc. (NASDAQ:SKYW) Q4 2021 Earnings Conference Call February 3, 2022 4:30 PM ET Company Participants Rob Simmons - Chief Financial Officer Eric Woodward - CAO Chip Childs - CEO, President and Director Wade Steel - Chief Commercial Officer Conference Call Participants Savi Syth - Raymond James Mike Linenberg - Deutsche Bank Duane Pfennigwerth - Evercore Helane Becker - Cowen Catherine O'Brien - Goldman Sachs Operator Good day and thank you for standing by. Welcome to the SkyWest Inc. Fourth Quarter 2 ...

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 September 30, 2021 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. Incorporated under the laws of Utah 87-0292166 (I.R.S. Employer ID No.) 444 South River Road St. George, Utah 84790 (43 ...

Financial Data and Key Metrics Changes - The company reported Q3 2021 GAAP net income of $10 million, or $0.19 diluted earnings per share, with adjusted net income of $74 million, or $1.45 diluted earnings per share [16][17] - Total Q3 revenue was $745 million, up 63% from Q3 2020 and up 13% from the previous quarter, only down 2% from Q3 2019 [18] - Q3 pretax income was $14 million on a GAAP basis and $99 million on an adjusted basis [16][17] Business Line Data and Key Metrics Changes - Contract revenue increased by 54% year-over-year and 12% sequentially, while prorate revenue was $128 million, up 111% year-over-year and 24% from the previous quarter [18][19] - Leasing and other revenue rose by 107% year-over-year and 7% sequentially [19] Market Data and Key Metrics Changes - The company achieved a 99.8% adjusted completion rate for Q3, with nearly 73,000 more scheduled flights compared to the same quarter last year [10] - The company anticipates a decrease in block hours by approximately 5% in Q4 compared to Q3 2021, with expectations for 2022 to be slightly higher than 2019 levels [29] Company Strategy and Development Direction - The company is focused on fleet transition, taking delivery of six new E175s and securing agreements for 16 additional E175s with Delta and nine with Alaska [8][26] - The company aims to maintain flexibility in its prorate model to allocate resources toward the best economic opportunities [9][30] Management's Comments on Operating Environment and Future Outlook - Management noted that 2022 is expected to be a transition year, with strong demand for products and a focus on preserving liquidity while executing recovery strategies [14][23] - The company does not expect additional grant income in Q4 and anticipates some softening in production schedules [23] Other Important Information - The company ended Q3 with cash of $913 million and total debt of $3 billion, down from $3.2 billion at year-end 2020 [21][22] - The company experienced an IT server disruption that affected operations, with potential costs estimated between $15 million to $20 million in Q4 [11][24] Q&A Session Summary Question: What are the current attrition levels among pilots? - Management indicated that attrition has increased to double digits but hiring and training are outpacing attrition rates [38][56] Question: How is the prorate segment being managed? - The prorate model has flexibility, allowing for reallocation of pilots and aircraft to contract models as business demand fluctuates [40][41] Question: What lessons were learned from the recent IT disruption? - Management clarified that the server outage was not directly caused by malware but was part of system repairs, emphasizing the need for improved processes to prevent future occurrences [47][50] Question: How is the company addressing supply chain issues in maintenance? - The company is navigating supply chain challenges by conducting some inspections internally and working closely with third-party providers [69] Question: What is the outlook for the 50-seater fleet in light of higher fuel prices? - Demand for the 50-seater fleet remains strong, but higher fuel prices may pose challenges, with flexibility to reallocate block hours as needed [62]

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, 2021 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. Incorporated under the laws of Utah 87-0292166 (I.R.S. Employer ID No.) 444 South River Road St. George, Utah 84790 (435) 63 ...

SkyWest, Inc. (NASDAQ:SKYW) Q2 2021 Earnings Conference Call July 29, 2021 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 Savi Syth - Raymond James Michael Linenberg - Deutsche Bank Catherine O'Brien - Goldman Sachs Duane Pfennigwerth - Evercore ISI Helane Becker - Cowen Joseph DeNardi - Stifel Operator Good afternoon. Thank ...

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 March 31, 2021 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. Incorporated under the laws of Utah 87-0292166 (I.R.S. Employer ID No.) 444 South River Road St. George, Utah 84790 (435) 6 ...

SkyWest, Inc. (NASDAQ:SKYW) Q1 2021 Earnings Conference Call April 29, 2021 4:30 PM ET Company Participants Rob Simmons - Chief Financial Officer Chip Childs - President and CEO Wade Steel - Chief Commercial Officer Eric Woodward - Chief Accounting Officer Conference Call Participants Mike Linenberg - Deutsche Bank Duane Pfennigwerth - Evercore ISI Savi Syth - Raymond James Catherine O'Brien - Goldman Sachs Helane Becker - Cowen Joseph DeNardi - Stifel Operator Hello. And welcome to the SkyWest, Inc. First ...

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, 2020 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 2020 Earnings Conference Call February 4, 2021 4:30 PM ET Company Participants Russell Childs - President and Chief Executive Officer Robert Simmons - Chief Financial Officer Wade Steel - Chief Commercial Officer Eric Woodward - Chief Accounting Officer Conference Call Participants Helane Becker - Cowen Raymond Wong - Evercore Savi Syth - Raymond James Catherine O'Brien - Goldman Sachs Mike Linenberg - Deutsche Bank Joseph DeNardi - Stifel Steve O'Hara - Sidoti Operator Good day ...

SkyWest, Inc. (NASDAQ:SKYW) Q3 2020 Earnings Conference Call October 29, 2020 4:30 PM ET Company Participants Rob Simmons - Chief Financial Officer Chip Childs - President and Chief Executive Officer Wade Steel - Chief Commercial Officer Eric Woodward - Chief Accounting Officer Conference Call Participants Savi Syth - Raymond James Joseph DeNardi - Stifel Nicolaus Catherine O'Brien - Goldman Sachs Duane Pfennigwerth - Evercore ISI Mike Linenberg - Deutsche Bank Helane Becker - Cowen & Company Operator Good ...