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Segment Reporting | 6 Months Ended
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Jun. 30, 2023
Segment Reporting |
Segment Reporting | (6) Segment Reporting The Company’s two reporting segments consist of the operations of (1) SkyWest Airlines and SWC (collectively, “SkyWest Airlines and SWC”) and (2) SkyWest Leasing activities. The Company’s chief operating decision maker analyzes the profitability of operating new aircraft financed through the issuance of debt, including the Company’s E175 fleet, separately from the profitability of the Company’s capital deployed for ownership and financing of such aircraft. The SkyWest Airlines and SWC segment includes revenue earned under the applicable capacity purchase agreements attributed to operating such aircraft and the respective operating costs and revenue and operating expenses attributed to charter flight services. The SkyWest Leasing segment includes applicable revenue earned under the applicable capacity purchase agreements attributed to the ownership of new aircraft acquired through the issuance of debt and the respective depreciation and interest expense of such aircraft. The SkyWest Leasing segment also includes the activity of leasing regional jet aircraft and spare engines to third parties and other activities. The SkyWest Leasing segment’s total assets and capital expenditures include new aircraft acquired through the issuance of debt and assets leased to third parties. Additionally, aircraft removed from SkyWest Airlines’ operations and held for sale are included in the SkyWest Leasing segment. The following represents the Company’s segment data for the three-month periods ended June 30, 2023 and 2022 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended June 30, 2023
​ | ​ | SkyWest Airlines | ​ | SkyWest | ​ | ​
​ |  | and SWC |  | Leasing |  | Consolidated
Operating revenues (1) | ​ | $ | 586,476 | ​ | $ | 139,167 | ​ | $ | 725,643
Operating expense | ​ |  | 624,490 | ​ |  | 69,293 | ​ |  | 693,783
Depreciation and amortization expense | ​ |  | 37,966 | ​ |  | 59,203 | ​ |  | 97,169
Interest expense | ​ |  | 4,695 | ​ |  | 29,023 | ​ |  | 33,718
Segment profit (loss) (2) | ​ |  | (42,709) | ​ |  | 40,851 | ​ |  | (1,858)
Total assets (as of June 30, 2023) | ​ |  | 2,570,050 | ​ |  | 4,545,724 | ​ |  | 7,115,774
Capital expenditures (including non-cash) | ​ |  | 25,609 | ​ |  | 410 | ​ |  | 26,019
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended June 30, 2022
​ | ​ | SkyWest Airlines | ​ | SkyWest | ​ | ​
​ |  | and SWC |  | Leasing |  | Consolidated
Operating revenues (1) | ​ | $ | 664,203 | ​ | $ | 134,882 | ​ | $ | 799,085
Operating expense | ​ |  | 636,245 | ​ |  | 74,238 | ​ |  | 710,483
Depreciation and amortization expense | ​ |  | 44,982 | ​ |  | 52,267 | ​ |  | 97,249
Interest expense | ​ |  | 2,650 | ​ |  | 27,783 | ​ |  | 30,433
Segment profit (2) | ​ |  | 25,308 | ​ |  | 32,861 | ​ |  | 58,169
Total assets (as of June 30, 2022) | ​ |  | 3,011,236 | ​ |  | 4,325,411 | ​ |  | 7,336,647
Capital expenditures (including non-cash) | ​ |  | 20,010 | ​ |  | 181,168 | ​ |  | 201,178
(1) | Prorate revenue and airport customer service revenue are primarily reflected in the SkyWest Airlines and SWC segment.
(2) | Segment profit (loss) is equal to operating income less interest expense.
The following represents the Company’s segment data for the six-month periods ended June 30, 2023 and 2022 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six months ended June 30, 2023
​ | ​ | SkyWest Airlines | ​ | SkyWest | ​ | ​
​ |  | and SWC |  | Leasing |  | Consolidated
Operating revenues (1) | ​ | $ | 1,154,649 | ​ | $ | 262,825 | ​ | $ | 1,417,474
Operating expense | ​ |  | 1,257,882 | ​ |  | 132,436 | ​ |  | 1,390,318
Depreciation and amortization expense | ​ |  | 76,224 | ​ |  | 115,094 | ​ |  | 191,318
Interest expense | ​ |  | 8,757 | ​ |  | 58,581 | ​ |  | 67,338
Segment profit (loss) (2) | ​ |  | (111,990) | ​ |  | 71,808 | ​ |  | (40,182)
Total assets (as of June 30, 2023) | ​ |  | 2,570,050 | ​ |  | 4,545,724 | ​ |  | 7,115,774
Capital expenditures (including non-cash) | ​ |  | 46,720 | ​ |  | 87,220 | ​ |  | 133,940
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six months ended June 30, 2022
​ | ​ | SkyWest Airlines | ​ | SkyWest | ​ | ​
​ |  | and SWC |  | Leasing |  | Consolidated
Operating revenues (1) | ​ | $ | 1,267,252 | ​ | $ | 266,985 | ​ | $ | 1,534,237
Operating expense | ​ |  | 1,257,273 | ​ |  | 136,314 | ​ |  | 1,393,587
Depreciation and amortization expense | ​ |  | 92,676 | ​ |  | 107,318 | ​ |  | 199,994
Interest expense | ​ |  | 4,439 | ​ |  | 54,586 | ​ |  | 59,025
Segment profit (2) | ​ |  | 5,540 | ​ |  | 76,085 | ​ |  | 81,625
Total assets (as of June 30, 2022) | ​ |  | 3,011,236 | ​ | ​ | 4,325,411 | ​ |  | 7,336,647
Capital expenditures (including non-cash) | ​ |  | 52,706 | ​ | ​ | 276,057 | ​ |  | 328,763
(1) | Prorate revenue and airport customer service revenue are primarily reflected in the SkyWest Airlines and SWC segment.
(2) | Segment profit (loss) is equal to operating income less interest expense.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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