XML 37 R25.htm IDEA: XBRL DOCUMENT
v3.24.2

Segment Reporting (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Segment Reporting |
Schedule of Company's segment data | The following represents the Company’s segment data for the three-month periods ended June 30, 2024 and 2023 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended June 30, 2024
​ | ​ | SkyWest Airlines | ​ | SkyWest | ​ | ​
​ |  | and SWC |  | Leasing |  | Consolidated
Operating revenues (1) | ​ | $ | 711,784 | ​ | $ | 155,334 | ​ | $ | 867,118
Operating expense | ​ |  | 678,102 | ​ |  | 69,376 | ​ |  | 747,478
Depreciation and amortization expense | ​ |  | 37,004 | ​ |  | 59,810 | ​ |  | 96,814
Interest expense | ​ |  | 3,255 | ​ |  | 25,711 | ​ |  | 28,966
Segment profit (2) | ​ |  | 30,427 | ​ |  | 60,247 | ​ |  | 90,674
Total assets (as of June 30, 2024) | ​ |  | 2,644,446 | ​ |  | 4,317,993 | ​ |  | 6,962,439
Capital expenditures (including non-cash) | ​ |  | 40,907 | ​ |  | — | ​ |  | 40,907
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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
(1) | Prorate revenue and airport customer service revenue are 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, 2024 and 2023 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six months ended June 30, 2024
​ | ​ | SkyWest Airlines | ​ | SkyWest | ​ | ​
​ |  | and SWC |  | Leasing |  | Consolidated
Operating revenues (1) | ​ | $ | 1,358,593 | ​ | $ | 312,139 | ​ | $ | 1,670,732
Operating expense | ​ |  | 1,319,465 | ​ |  | 132,121 | ​ |  | 1,451,586
Depreciation and amortization expense | ​ |  | 73,112 | ​ |  | 119,572 | ​ |  | 192,684
Interest expense | ​ |  | 6,731 | ​ |  | 52,064 | ​ |  | 58,795
Segment profit (2) | ​ |  | 32,397 | ​ |  | 127,954 | ​ |  | 160,351
Total assets (as of June 30, 2024) | ​ |  | 2,644,446 | ​ |  | 4,317,993 | ​ |  | 6,962,439
Capital expenditures (including non-cash) | ​ |  | 85,257 | ​ |  | — | ​ |  | 85,257
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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
(1) | Prorate revenue and airport customer service revenue are reflected in the SkyWest Airlines and SWC segment.
(2) | Segment profit (loss) is equal to operating income less interest expense.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration