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Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment Reporting |
Schedule of Company's segment data | The following represents the Company’s segment data for the three-month periods ended September 30, 2024 and 2023 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended September 30, 2024
​ | ​ | SkyWest Airlines | ​ | SkyWest | ​ | ​
​ |  | and SWC |  | Leasing |  | Consolidated
Operating revenues (1) | ​ | $ | 758,425 | ​ | $ | 154,361 | ​ | $ | 912,786
Operating expense | ​ |  | 712,650 | ​ |  | 68,701 | ​ |  | 781,351
Depreciation and amortization expense | ​ |  | 37,105 | ​ |  | 59,557 | ​ |  | 96,662
Interest expense | ​ |  | 2,864 | ​ |  | 24,944 | ​ |  | 27,808
Segment profit (2) | ​ |  | 42,911 | ​ |  | 60,716 | ​ |  | 103,627
Total assets (as of September 30, 2024) | ​ |  | 2,673,084 | ​ |  | 4,283,516 | ​ |  | 6,956,600
Capital expenditures (including non-cash) | ​ |  | 59,331 | ​ |  | 24,956 | ​ |  | 84,287
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended September 30, 2023
​ | ​ | SkyWest Airlines | ​ | SkyWest | ​ | ​
​ |  | and SWC |  | Leasing |  | Consolidated
Operating revenues (1) | ​ | $ | 626,780 | ​ | $ | 139,391 | ​ | $ | 766,171
Operating expense | ​ |  | 652,599 | ​ |  | 64,281 | ​ |  | 716,880
Depreciation and amortization expense | ​ |  | 37,320 | ​ |  | 59,240 | ​ |  | 96,560
Interest expense | ​ |  | 4,450 | ​ |  | 28,093 | ​ |  | 32,543
Segment profit (loss) (2) | ​ |  | (30,269) | ​ |  | 47,017 | ​ |  | 16,748
Total assets (as of September 30, 2023) | ​ |  | 2,557,850 | ​ |  | 4,501,268 | ​ |  | 7,059,118
Capital expenditures (including non-cash) | ​ |  | 33,436 | ​ |  | 14,816 | ​ |  | 48,252
(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 nine-month periods ended September 30, 2024 and 2023 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine months ended September 30, 2024
​ | ​ | SkyWest Airlines | ​ | SkyWest | ​ | ​
​ |  | and SWC |  | Leasing |  | Consolidated
Operating revenues (1) | ​ | $ | 2,117,018 | ​ | $ | 466,500 | ​ | $ | 2,583,518
Operating expense | ​ |  | 2,032,115 | ​ |  | 200,822 | ​ |  | 2,232,937
Depreciation and amortization expense | ​ |  | 110,217 | ​ |  | 179,129 | ​ |  | 289,346
Interest expense | ​ |  | 9,595 | ​ |  | 77,008 | ​ |  | 86,603
Segment profit (2) | ​ |  | 75,308 | ​ |  | 188,670 | ​ |  | 263,978
Total assets (as of September 30, 2024) | ​ |  | 2,673,084 | ​ |  | 4,283,516 | ​ |  | 6,956,600
Capital expenditures (including non-cash) | ​ |  | 144,588 | ​ |  | 24,956 | ​ |  | 169,544
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine months ended September 30, 2023
​ | ​ | SkyWest Airlines | ​ | SkyWest | ​ | ​
​ |  | and SWC |  | Leasing |  | Consolidated
Operating revenues (1) | ​ | $ | 1,781,429 | ​ | $ | 402,216 | ​ | $ | 2,183,645
Operating expense | ​ |  | 1,910,481 | ​ |  | 196,717 | ​ |  | 2,107,198
Depreciation and amortization expense | ​ |  | 113,544 | ​ |  | 174,334 | ​ |  | 287,878
Interest expense | ​ |  | 13,207 | ​ |  | 86,674 | ​ |  | 99,881
Segment profit (loss) (2) | ​ |  | (142,259) | ​ |  | 118,825 | ​ |  | (23,434)
Total assets (as of September 30, 2023) | ​ |  | 2,557,850 | ​ |  | 4,501,268 | ​ |  | 7,059,118
Capital expenditures (including non-cash) | ​ |  | 80,156 | ​ |  | 102,036 | ​ |  | 182,192
(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.

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- 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
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