XML 37 R26.htm IDEA: XBRL DOCUMENT
v3.24.3

Leases, Commitments, Guarantees and Contingencies (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Leases, Commitments, Guarantees and Contingencies |
Summary of related terms and discount rates | ​
​ | ​
​ | ​
Weighted-average remaining lease term for operating leases | 11.4 years
Weighted-average discount rate for operating leases | 6.3%
Summary of lease costs | The Company’s lease costs for the three and nine months ended September 30, 2024 and 2023 included the following components (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended September 30, | ​ | For the nine months ended September 30,
​ |  | 2024 |  | 2023 |  | 2024 |  | 2023
Operating lease cost | ​ | $ | 6,583 | ​ | $ | 7,959 | ​ | $ | 20,500 | ​ | $ | 40,764
Variable and short-term lease cost | ​ |  | 453 | ​ |  | 868 | ​ |  | 2,029 | ​ |  | 2,205
Sublease income | ​ | ​ | (1,268) | ​ | ​ | (1,350) | ​ | ​ | (3,782) | ​ | ​ | (4,051)
Total lease cost | ​ | $ | 5,768 | ​ | $ | 7,477 |  | $ | 18,747 | ​ | $ | 38,918
Schedule of future minimum rental income under operating leases | The following table summarizes future minimum rental payments required under operating leases that had initial or remaining non-cancelable lease terms as of September 30, 2024 (in thousands): ​
​ | ​ | ​ | ​
October 2024 through December 2024 |  | $ | 5,272
2025 | ​ |  | 18,356
2026 | ​ |  | 16,545
2027 | ​ |  | 14,002
2028 | ​ |  | 11,012
Thereafter | ​ |  | 62,392
Total future minimum operating lease payments | ​ | $ | 127,579
Summary of commitments and obligations | The following table summarizes the Company’s commitments and obligations as noted for each of the next five years and thereafter (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Total |  | Oct- Dec 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 |  | Thereafter
Operating lease payments for aircraft and facility obligations | ​ | $ | 127,579 | ​ | $ | 5,272 | ​ | $ | 18,356 | ​ | $ | 16,545 | ​ | $ | 14,002 | ​ | $ | 11,012 | ​ | $ | 62,392
Firm aircraft and spare engine commitments |  | ​ | 610,752 | ​ | ​ | 135,217 | ​ | ​ | 239,125 | ​ | ​ | 236,410 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Interest commitments (1) |  | ​ | 389,176 | ​ | ​ | 26,093 | ​ | ​ | 98,184 | ​ | ​ | 78,324 | ​ | ​ | 56,382 | ​ | ​ | 40,955 | ​ | ​ | 89,238
Principal maturities on long-term debt |  | ​ | 2,714,421 | ​ | ​ | 114,907 | ​ | ​ | 534,315 | ​ | ​ | 512,046 | ​ | ​ | 465,695 | ​ | ​ | 294,352 | ​ | ​ | 793,106
Total commitments and obligations | ​ | $ | 3,841,928 | ​ | $ | 281,489 | ​ | $ | 889,980 | ​ | $ | 843,325 | ​ | $ | 536,079 | ​ | $ | 346,319 | ​ | $ | 944,736
(1) | At September 30, 2024, the Company’s long-term debt had fixed interest rates.

X
- Definition The tabular disclosure of related terms and discount rates of operating leases. + References No definition available. + Details
Name: | skyw_ScheduleOfRelatedTermsAndDiscountRates
Namespace Prefix: | skyw_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Subparagraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 + Details
Name: | srt_ContractualObligationFiscalYearMaturityScheduleTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479773/842-30-50-12 + Details
Name: | us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration