Segment Reporting

3 Months Ended

Mar. 31, 2013

Segment Reporting

Segment Reporting

Note E — Segment Reporting

Generally accepted accounting principles require disclosures related to components of a company for which separate financial information is available to and regularly evaluated by the company’s chief operating decision maker (“CODM”) when deciding how to allocate resources and in assessing performance.

The Company’s two operating segments consist of the operations of its two operating subsidiaries, SkyWest Airlines and ExpressJet. The following represents the Company’s segment data for the three months ended March 31, 2013 and 2012 (in thousands).

	Three months ended March 31,2013
	SkyWest Airlines	ExpressJet		Other		Consolidated
Operating revenues	449,345	351,748		2,394		803,487
Operating expense	414,766	371,743		1,417		787,926
Depreciation and amortization expense	38,627	22,374		—		61,001
Interest expense	11,497	5,463		1,005		17,965
Segment profit (loss)(1)	23,082	(25,458	)	(28	)	(2,404	)
Identifiable intangible assets, other than goodwill, net	—	16,685		—		16,685
Total assets	2,636,058	1,584,328		—		4,220,386
Capital expenditures (including non-cash)	21,712	7,879		—		29,591

	Three months ended March 31,2012
	SkyWest Airlines	ExpressJet		Other	Consolidated
Operating revenues	494,911	423,629		2,633	921,173
Operating expense	472,906	426,552		1,258	900,716
Depreciation and amortization expense	38,783	25,532		—	64,315
Interest expense	12,562	6,045		1,173	19,780
Segment profit (loss) (1)	9,443	(8,968	)	202	677
Identifiable intangible assets, other than goodwill, net	—	18,935		—	18,935
Total assets	2,595,738	1,669,919		—	4,265,657
Capital expenditures (including non-cash)	15,253	3,802		—	19,055

(1)           Segment profit (loss) is equal to operating income less interest expense