UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): September 14, 2015
SKYWEST, INC.
(Exact Name of Registrant as Specified in its Charter)
Utah |
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0-14719 |
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87-0292166 |
(State or other jurisdiction of |
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(Commission |
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(IRS Employer |
incorporation or organization) |
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File Number) |
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Identification No.) |
444 South River Road |
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St. George, Utah |
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84790 |
(Address of Principal Executive Offices) |
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(Zip Code) |
Registrants Telephone Number, Including Area Code:
(435) 634-3200
N/A
(Former name, former address, and formal fiscal year, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)
Item 7.01. Regulation FD Disclosure.
On September 14, 2015, SkyWest, Inc. (SkyWest) issued a press release entitled SkyWest, Inc. Announces Agreement to Fly 18 Additional E175 Aircraft for United Airlines Deliveries to Begin in Late 2016 and on October 21, 2015, SkyWest issued a press release entitled SkyWest, Inc. Secures Agreement with Delta Air Lines for 19 E175 Aircraft Deliveries to Begin in August 2016. Copies of such press releases are attached as Exhibits 99.1 and 99.2 to this Report, respectively.
SkyWest undertakes no duty or obligation to publicly update the information contained in this Report, although it may do so from time to time as it determines or believes is necessary. Any updates may be made through the filing of other reports with the U.S. Securities and Exchange Commission, through press releases, or by other means of public disclosure. The information set forth in this Report, and in the attached exhibits, is qualified in all respects by, and subject in all respects to, the statements set forth in the sections of the attached exhibits entitled Forward-Looking Statements.
The information contained in this Report, and in the attached exhibits, is being furnished and shall not be deemed filed for purposes of the Securities Exchange Act of 1934, as amended (the Exchange Act), and is not deemed incorporated by reference by any general statements incorporating by reference this Report or future filings into any filings under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent that SkyWest specifically incorporates the information by reference. By filing this Report and furnishing this information, SkyWest makes no admission or statement as to the materiality of any information in this Report or in the attached exhibits that is required to be disclosed solely by reason of Regulation FD.
Item 9.01 Financial Statements and Exhibits.
The following are furnished as exhibits to this Report:
EXHIBIT |
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DESCRIPTION |
99.1 |
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Press release dated September 14, 2015, entitled SkyWest, Inc. Announces Agreement to Fly 18 Additional E175 Aircraft for United Airlines Deliveries to Begin in Late 2016. |
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99.2 |
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Press release dated October 21, 2015, entitled SkyWest, Inc. Secures Agreement with Delta Air Lines for 19 E175 Aircraft Deliveries to Begin in August 2016. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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SKYWEST, INC. | |
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Dated: October 22, 2015 |
By |
/s/ Eric J. Woodward |
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Eric J. Woodward, |
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Chief Accounting Officer |
Exhibit 99.1
Contact:
Media Relations
435.634.3553
Investor Relations
435.634.3203
FOR IMMEDIATE RELEASE
SkyWest, Inc. Announces Agreement to Fly 18 Additional E175 Aircraft for United Airlines
Deliveries to Begin in Late 2016
St. George, Utah Sept. 14, 2015: SkyWest, Inc. (SkyWest) (NASDAQ:SKYW) announced today that its wholly-owned subsidiary SkyWest Airlines, Inc. (SkyWest Airlines) has entered into an amendment to an existing Capacity Purchase Agreement with United Airlines, Inc. (United) to operate an additional 18 new Embraer E175 dual-class regional jet aircraft.
Were pleased to secure additional dual-class flying for United, said Chip Childs, SkyWest, Inc. President. This agreement represents ongoing execution of our plans to improve overall fleet mix as we continue our commitment to deliver what our partners need through solid, reliable service.
The aircraft will be operated by SkyWest Airlines. The cabin will be a dual-class configuration of 76 seats and will be equipped with Wi-Fi. Under the agreement, it is anticipated that delivery of the aircraft will begin in late 2016, with all 18 aircraft being delivered by mid-2017.
About SkyWest, Inc.
SkyWest, Inc. was named one of Americas Best Employers by Forbes in 2015 and was Air Transport Worlds Regional Airline of the Year in 2014. SkyWest, Inc. is the holding company for two scheduled passenger airline operations and an aircraft leasing company and is headquartered in St. George, Utah. SkyWests airline companies provide commercial air service in cities across the United States, Canada, Mexico and the Caribbean with more than 3,500 flights and a fleet of 678 aircraft. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, US Airways, American Airlines and Alaska Airlines. ExpressJet Airlines operates through partnerships with United Airlines, Delta Air Lines and American Airlines. SkyWest is headquartered in St. George, Utah, and continues to set the standard for excellence in the regional industry with unmatched value for customers, shareholders and its nearly 20,000 employees.
FORWARD-LOOKING STATEMENTS
In addition to historical information, this release contains forward-looking statements. SkyWest may, from time to time, make written or oral forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements encompass SkyWests beliefs, expectations, hopes or intentions regarding future events. Words such as forecasts, expects, intends, believes, anticipates, estimates, should, likely and similar expressions identify forward-looking statements. All forward-looking statements included in this release are made as of the date hereof and are based on information available to SkyWest as of such date. SkyWest assumes no obligation to update any forward-looking statement. Readers should note that many factors could affect the future operating and financial results of SkyWest, SkyWest Airlines or ExpressJet, and could cause actual results to vary materially from those expressed in forward-looking statements set forth in this release. These factors include,
but are not limited to, the prospects of entering into agreements with other carriers to fly new aircraft, ongoing negotiations between SkyWest, SkyWest Airlines and ExpressJet and their major partners regarding their contractual obligations, uncertainties regarding operation of new aircraft, the impact of regulatory issues such as pilot rest rules and qualification requirements, and the ability to obtain aircraft financing.
Actual operational and financial results of SkyWest, SkyWest Airlines and ExpressJet will likely also vary, and may vary materially, from those anticipated, estimated, projected or expected for a number of other reasons, including, in addition to those identified above: the ability of ExpressJet to realize potential synergies and other anticipated financial impacts of the consolidation of its operations, the possibility that future financial and operating results of ExpressJet may not meet SkyWests forecasts and the timing of ongoing consolidation of the operations of ExpressJet, if achieved; the challenges of competing successfully in a highly competitive and rapidly changing industry; developments associated with fluctuations in the economy and the demand for air travel; the financial stability of SkyWests major partners and any potential impact of their financial condition on the operations of SkyWest, SkyWest Airlines, or ExpressJet; fluctuations in flight schedules, which are determined by the major partners for whom SkyWests operating airlines conduct flight operations; variations in market and economic conditions; labor relationships; the impact of global instability; rapidly fluctuating fuel costs; the degree and nature of competition; potential fuel shortages; the impact of weather-related or other natural disasters on air travel and airline costs; aircraft deliveries; the ability to attract and retain qualified pilots and other unanticipated factors. Risk factors, cautionary statements and other conditions which could cause SkyWests actual results to differ from managements current expectations are contained in SkyWests filings with the Securities and Exchange Commission; including the section of SkyWests Annual Report on Form 10-K for the year ended December 31, 2014, entitled Risk Factors.
Exhibit 99.2
Contact:
Media Relations
435.634.3553
Investor Relations
435.634.3203
Investor.relations@skywest.com
FOR IMMEDIATE RELEASE
SkyWest, Inc. Secures Agreement with Delta Air Lines for 19 E175 Aircraft
Deliveries to Begin in August 2016
St. George, Utah Oct. 21, 2015: SkyWest, Inc. (SkyWest) (NASDAQ:SKYW) announced today that it has entered into a Capacity Purchase Agreement (CPA) with Delta Air Lines to operate 19 new Embraer E175 dual-class regional jet aircraft. SkyWest has determined that these 19 E175 aircraft will be operated by SkyWest Airlines, Inc. a wholly-owned subsidiary of SkyWest. The CPA is under terms and conditions similar to SkyWests existing Delta agreements.
SkyWest is a longtime Delta partner, and were pleased to advance our partnership with an additional aircraft type, said Chip Childs, SkyWest, Inc. President. As we continue to evolve our fleet mix, we look forward to continuing to deliver what our partners need through solid, reliable service.
The aircraft will be flown in dual-class configuration of 76-seats, and will be equipped with Wi-Fi. Under the agreement, it is anticipated that delivery of the aircraft will begin in August 2016, with all 19 aircraft being delivered by mid-2017.
About SkyWest, Inc.
SkyWest, Inc. (NASDAQ:SKYW) was named one of Americas Best Employers by Forbes in 2015 and was Air Transport Worlds Regional Airline of the Year in 2014. SkyWest, Inc. is the holding company for two scheduled passenger airline operations and an aircraft leasing company and is headquartered in St. George, Utah. SkyWests airline companies provide commercial air service in cities across the United States, Canada, Mexico and the Caribbean with more than 3,300 daily flights and a fleet of 662 aircraft. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines and Alaska Airlines. ExpressJet Airlines operates through partnerships with United Airlines, Delta Air Lines and American Airlines. SkyWest is headquartered in St. George, Utah, and continues to set the standard for excellence in the regional industry with unmatched value for customers, shareholders and its nearly 20,000 employees.
FORWARD-LOOKING STATEMENTS
In addition to historical information, this release contains forward-looking statements. SkyWest may, from time to time, make written or oral forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements encompass SkyWests beliefs, expectations, hopes or intentions regarding future events. Words such as forecasts, expects, intends, believes, anticipates, estimates, should, likely and similar expressions identify forward-looking statements. All forward-looking statements included in this release are made as of the date hereof and are based on information available to SkyWest as of such date. SkyWest assumes
no obligation to update any forward-looking statement. Readers should note that many factors could affect the future operating and financial results of SkyWest, SkyWest Airlines or ExpressJet, and could cause actual results to vary materially from those expressed in forward-looking statements set forth in this release. These factors include, but are not limited to, the prospects of entering into agreements with other carriers to fly new aircraft, ongoing negotiations between SkyWest, SkyWest Airlines and ExpressJet and their major partners regarding their contractual obligations, uncertainties regarding operation of new aircraft, the impact of regulatory issues such as pilot rest rules and qualification requirements, and the ability to obtain aircraft financing.
Actual operational and financial results of SkyWest, SkyWest Airlines and ExpressJet will likely also vary, and may vary materially, from those anticipated, estimated, projected or expected for a number of other reasons, including, in addition to those identified above: the ability of ExpressJet to realize potential synergies and other anticipated financial impacts of the consolidation of its operations, the possibility that future financial and operating results of ExpressJet may not meet SkyWests forecasts and the timing of ongoing consolidation of the operations of ExpressJet, if achieved; the challenges of competing successfully in a highly competitive and rapidly changing industry; developments associated with fluctuations in the economy and the demand for air travel; the financial stability of SkyWests major partners and any potential impact of their financial condition on the operations of SkyWest, SkyWest Airlines, or ExpressJet; fluctuations in flight schedules, which are determined by the major partners for whom SkyWests operating airlines conduct flight operations; variations in market and economic conditions; labor relationships; the impact of global instability; rapidly fluctuating fuel costs; the degree and nature of competition; potential fuel shortages; the impact of weather-related or other natural disasters on air travel and airline costs; aircraft deliveries; the ability to attract and retain qualified pilots and other unanticipated factors. Risk factors, cautionary statements and other conditions which could cause SkyWests actual results to differ from managements current expectations are contained in SkyWests filings with the Securities and Exchange Commission; including the section of SkyWests Annual Report on Form 10-K for the year ended December 31, 2014, entitled Risk Factors.