$SKYW
SKYWEST INC

2024 Q2 Form 10-Q Financial Statement

#000155837024005892 Filed on April 26, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $867.1M $803.6M
YoY Change 19.5% 16.16%
Cost Of Revenue $223.4M $188.7M
YoY Change 11.63% -6.1%
Gross Profit $643.7M $614.9M
YoY Change 22.49% 25.27%
Gross Profit Margin 74.23% 76.51%
Selling, General & Admin $355.0M $351.0M
YoY Change 10.1% 4.71%
% of Gross Profit 55.15% 57.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $96.81M $95.87M
YoY Change -0.37% 1.83%
% of Gross Profit 15.04% 15.59%
Operating Expenses $747.5M $515.4M
YoY Change 51.42% -26.01%
Operating Profit $119.6M $99.51M
YoY Change 275.52% -2215.35%
Interest Expense -$16.93M -$18.10M
YoY Change -27.12% -153.85%
% of Operating Profit -14.15% -18.19%
Other Income/Expense, Net -$17.47M -$1.228M
YoY Change -294.13% -94.27%
Pretax Income $102.2M $80.18M
YoY Change 479.27% -406.98%
Income Tax $26.59M $19.88M
% Of Pretax Income 26.02% 24.79%
Net Earnings $75.58M $60.30M
YoY Change 390.16% -373.2%
Net Earnings / Revenue 8.72% 7.5%
Basic Earnings Per Share $1.88 $1.50
Diluted Earnings Per Share $1.82 $1.45
COMMON SHARES
Basic Shares Outstanding 40.26M 40.23M
Diluted Shares Outstanding 41.43M 41.49M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $834.3M $821.2M
YoY Change -3.26% -12.26%
Cash & Equivalents $141.8M $821.2M
Short-Term Investments $692.5M $641.2M
Other Short-Term Assets $43.73M $32.45M
YoY Change -86.37% -64.98%
Inventory $134.4M $129.9M
Prepaid Expenses
Receivables $102.8M $85.88M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.115B $1.069B
YoY Change -5.75% -14.59%
LONG-TERM ASSETS
Property, Plant & Equipment $5.400B $5.577B
YoY Change -1.66% -0.42%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $22.60M $25.00M
YoY Change -9.24% 0.4%
Other Assets $412.5M $311.7M
YoY Change -6.56% -3.8%
Total Long-Term Assets $5.847B $5.913B
YoY Change -1.44% -1.14%
TOTAL ASSETS
Total Short-Term Assets $1.115B $1.069B
Total Long-Term Assets $5.847B $5.913B
Total Assets $6.962B $6.983B
YoY Change -2.15% -3.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $479.6M $480.7M
YoY Change 4.88% 6.29%
Accrued Expenses $241.4M $221.7M
YoY Change 4.7% -0.6%
Deferred Revenue $64.20M $58.00M
YoY Change 779.45% 935.71%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $497.7M $506.6M
YoY Change 12.57% 14.27%
Total Short-Term Liabilities $1.324B $1.312B
YoY Change 13.55% 13.9%
LONG-TERM LIABILITIES
Long-Term Debt $2.284B $2.389B
YoY Change -16.74% -16.33%
Other Long-Term Liabilities $334.0M $412.7M
YoY Change -68.15% 74.8%
Total Long-Term Liabilities $2.618B $2.802B
YoY Change -30.96% -9.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.324B $1.312B
Total Long-Term Liabilities $2.618B $2.802B
Total Liabilities $3.942B $4.818B
YoY Change -20.5% 13.53%
SHAREHOLDERS EQUITY
Retained Earnings $2.407B $2.332B
YoY Change 7.93% 5.27%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.231B $2.165B
YoY Change
Total Liabilities & Shareholders Equity $6.962B $6.983B
YoY Change -2.15% -3.47%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $75.58M $60.30M
YoY Change 390.16% -373.2%
Depreciation, Depletion And Amortization $96.81M $95.87M
YoY Change -0.37% 1.83%
Cash From Operating Activities $157.6M
YoY Change 4.96%
INVESTING ACTIVITIES
Capital Expenditures $4.250M
YoY Change -58.81%
Acquisitions
YoY Change
Other Investing Activities $10.58M
YoY Change -153.52%
Cash From Investing Activities -$554.0K
YoY Change -118.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $111.2M
YoY Change 3.62%
Cash From Financing Activities -125.4M
YoY Change -30.99%
NET CHANGE
Cash From Operating Activities 157.6M
Cash From Investing Activities -554.0K
Cash From Financing Activities -125.4M
Net Change In Cash 31.70M
YoY Change -211.39%
FREE CASH FLOW
Cash From Operating Activities $157.6M
Capital Expenditures $4.250M
Free Cash Flow $153.4M
YoY Change 9.66%

Facts In Submission

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CY2023Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-19766000
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-554000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
3032000
CY2023Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
25000000
CY2024Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
111158000
CY2023Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
107276000
CY2023Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
108000
CY2024Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1446000
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1275000
CY2024Q1 skyw Treasury Shares Withheld For Payment Of Taxes
TreasurySharesWithheldForPaymentOfTaxes
6930000
CY2023Q1 skyw Treasury Shares Withheld For Payment Of Taxes
TreasurySharesWithheldForPaymentOfTaxes
585000
CY2024Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
8750000
CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
100001000
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-125392000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-181695000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
31702000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-28460000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
148277000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
102984000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
179979000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
74524000
CY2024Q1 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
6575000
CY2023Q1 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
4649000
CY2023Q1 skyw Derecognition Of Right Of Use Assets
DerecognitionOfRightOfUseAssets
35062000
CY2023Q1 skyw Derecognition Of Operating Lease Liabilities
DerecognitionOfOperatingLeaseLiabilities
35062000
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
30362000
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
33838000
CY2024Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
42000
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
533000
CY2024Q1 skyw Percentage Of Available Seat Miles Flown Under Fixed Fee Arrangements
PercentageOfAvailableSeatMilesFlownUnderFixedFeeArrangements
0.870
CY2023Q1 skyw Percentage Of Available Seat Miles Flown Under Fixed Fee Arrangements
PercentageOfAvailableSeatMilesFlownUnderFixedFeeArrangements
0.884
CY2024Q1 skyw Essential Air Service Contract Term
EssentialAirServiceContractTerm
P2Y
CY2024Q1 skyw Percentage Of Available Seat Miles Flown Under Pro Rate Arrangements
PercentageOfAvailableSeatMilesFlownUnderProRateArrangements
0.130
CY2023Q1 skyw Percentage Of Available Seat Miles Flown Under Pro Rate Arrangements
PercentageOfAvailableSeatMilesFlownUnderProRateArrangements
0.116
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
18699000
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
-943000
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
19642000
CY2024Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
700000
CY2024Q1 skyw Increase Decrease In Unbilled Revenue
IncreaseDecreaseInUnbilledRevenue
300000
CY2023Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
39300000
CY2023Q1 skyw Increase Decrease In Unbilled Revenue
IncreaseDecreaseInUnbilledRevenue
3300000
CY2024Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
373400000
CY2024Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
58000000.0
CY2024Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
315400000
CY2024Q1 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
7000000.0
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
374600000
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
61000000.0
CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
313600000
CY2023Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
7300000
CY2024Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
16668000
CY2023Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
16560000
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
34787000
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
41476000
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
35946000
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
35915000
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
35139000
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
53500000
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
236763000
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5500000000
CY2024Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
89500000
CY2024Q1 us-gaap Accounts Receivable Gross Noncurrent
AccountsReceivableGrossNoncurrent
203900000
CY2024Q1 skyw Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Replacement With Common Stock Shares Ratio
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingReplacementWithCommonStockSharesRatio
1
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5500000
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4300000
CY2023Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
250000000.0
CY2024Q1 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
82200000
CY2024Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
136261000000
CY2024Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
8700000
CY2024Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
64.21
CY2023Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
5100000
CY2023Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
100000000.0
CY2023Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
19.74
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1485000
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
60298000
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-22071000
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40299000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49391000
CY2024Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
1193000
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41492000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49391000
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.50
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.45
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.45
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.45
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2024Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
803614000
CY2024Q1 us-gaap Operating Expenses
OperatingExpenses
704108000
CY2024Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
95870000
CY2024Q1 us-gaap Interest Expense
InterestExpense
29829000
CY2024Q1 skyw Segment Profit Loss
SegmentProfitLoss
69677000
CY2024Q1 us-gaap Assets
Assets
6982743000
CY2024Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
44350000
CY2023Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
691831000
CY2023Q1 us-gaap Operating Expenses
OperatingExpenses
696535000
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
94149000
CY2023Q1 us-gaap Interest Expense
InterestExpense
33620000
CY2023Q1 skyw Segment Profit Loss
SegmentProfitLoss
-38324000
CY2023Q1 us-gaap Assets
Assets
7233761000
CY2023Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
107921000
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
85900000
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
19700000
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
66200000
CY2024Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
5700000
CY2024Q1 skyw Schedule Of Related Terms And Discount Rates
ScheduleOfRelatedTermsAndDiscountRates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:0.0pt;margin:0pt;"><span style="font-size:0pt;visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:79.99%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:74.24%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:25.75%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td></tr><tr><td style="vertical-align:bottom;width:74.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:25.75%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:74.24%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Weighted-average remaining lease term for operating leases</p></td><td style="vertical-align:bottom;white-space:nowrap;width:25.75%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">11.4 years</p></td></tr><tr><td style="vertical-align:bottom;width:74.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Weighted-average discount rate for operating leases</p></td><td style="vertical-align:bottom;white-space:nowrap;width:25.75%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">6.2%</p></td></tr></table>
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y4M24D
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.062
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
7259000
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
24948000
CY2024Q1 skyw Variable And Short Term Lease Cost
VariableAndShortTermLeaseCost
1033000
CY2023Q1 skyw Variable And Short Term Lease Cost
VariableAndShortTermLeaseCost
803000
CY2024Q1 us-gaap Sublease Income
SubleaseIncome
1246000
CY2023Q1 us-gaap Sublease Income
SubleaseIncome
1350000
CY2024Q1 us-gaap Lease Cost
LeaseCost
7046000
CY2023Q1 us-gaap Lease Cost
LeaseCost
24401000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
15726000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
17974000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
14910000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
12983000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
9976000
CY2024Q1 skyw Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
56592000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
128161000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
128161000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
15726000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
17974000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
14910000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
12983000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
9976000
CY2024Q1 skyw Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
56592000
CY2024Q1 us-gaap Purchase Obligation
PurchaseObligation
610945000
CY2024Q1 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
143810000
CY2024Q1 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
230725000
CY2024Q1 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
236410000
CY2024Q1 skyw Interest Commitment
InterestCommitment
442822000
CY2024Q1 skyw Interest Commitment Future Minimum Payments Remainder Of Fiscal Year
InterestCommitmentFutureMinimumPaymentsRemainderOfFiscalYear
84964000
CY2024Q1 skyw Interest Commitment Due In Next Twelve Months
InterestCommitmentDueInNextTwelveMonths
97933000
CY2024Q1 skyw Interest Commitment Due In Year Two
InterestCommitmentDueInYearTwo
78149000
CY2024Q1 skyw Interest Commitment Due In Year Three
InterestCommitmentDueInYearThree
56289000
CY2024Q1 skyw Interest Commitment Due In Year Four
InterestCommitmentDueInYearFour
40947000
CY2024Q1 skyw Interest Commitment Due After Year Four
InterestCommitmentDueAfterYearFour
84540000
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2918971000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
339156000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
532255000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
510598000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
464289000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
292862000
CY2024Q1 skyw Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
779811000
CY2024Q1 us-gaap Contractual Obligation
ContractualObligation
4100899000
CY2024Q1 us-gaap Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
583656000
CY2024Q1 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
878887000
CY2024Q1 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
840067000
CY2024Q1 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
533561000
CY2024Q1 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
343785000
CY2024Q1 skyw Contractual Obligation Due After Fourth Year
ContractualObligationDueAfterFourthYear
920943000
CY2022 skyw Percentage Of Guaranteed Amount Received As Consideration
PercentageOfGuaranteedAmountReceivedAsConsideration
0.065
CY2024Q1 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
641200000
CY2023Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
686900000
CY2024Q1 skyw Available For Sale Securities Maximum Period For Redemption
AvailableForSaleSecuritiesMaximumPeriodForRedemption
P1Y
CY2023 skyw Available For Sale Securities Maximum Period For Redemption
AvailableForSaleSecuritiesMaximumPeriodForRedemption
P1Y
CY2024Q1 skyw Marketable Securities At Cost
MarketableSecuritiesAtCost
641000000.0
CY2023Q4 skyw Marketable Securities At Cost
MarketableSecuritiesAtCost
686500000
CY2024Q1 skyw Debt Instrument Carrying Amount Current
DebtInstrumentCarryingAmountCurrent
510204000
CY2023Q4 skyw Debt Instrument Carrying Amount Current
DebtInstrumentCarryingAmountCurrent
447534000
CY2024Q1 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
3602000
CY2023Q4 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
3665000
CY2024Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
506602000
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
443869000
CY2024Q1 skyw Debt Instrument Carrying Amount Noncurrent
DebtInstrumentCarryingAmountNoncurrent
2408767000
CY2023Q4 skyw Debt Instrument Carrying Amount Noncurrent
DebtInstrumentCarryingAmountNoncurrent
2582776000
CY2024Q1 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
19540000
CY2023Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
20593000
CY2024Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2389227000
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2562183000
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2918971000
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3030310000
CY2024Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
23142000
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
24258000
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
2895829000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
3006052000
CY2024Q1 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.041
CY2024Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
100000000.0
CY2024Q1 us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.035
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.248
CY2024Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.155
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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