Operating Revenues (Tables)

3 Months Ended

Mar. 31, 2024

Agreements with other airlines

Schedule of revenue by type

The following table represents the Company’s flying agreements revenue by type for the three months ended March 31, 2024 and 2023 (in thousands):

	For the three months ended March 31,
	2024		2023
Capacity purchase agreements flight operations revenue (non-lease component)	$	544,160	$	468,916
Capacity purchase agreements fixed aircraft lease revenue		75,159		74,480
Capacity purchase agreements variable aircraft lease revenue		57,886		43,105
Prorate agreements and SWC revenue		101,084		77,337
Flying agreements revenue	$	778,289	$	663,838

Schedule of aircraft and agreements with major airline partners

United Express Agreements
Agreement	Aircraft type	Number of Aircraft	Term / Termination Dates
United Express Agreements (capacity purchase agreement)	• E175 • CRJ 700 • CRJ 200	93 19 70	• Individual aircraft have scheduled removal dates from 2024 to 2029
United Express Prorate Agreement	• CRJ 200	19*	• Terminable with 120-days’ notice
Total under United Express Agreements		201

Delta Connection Agreements
Agreement	Aircraft type	Number of Aircraft	Term / Termination Dates
Delta Connection Agreement (capacity purchase agreement)	• E175 • CRJ 900 • CRJ 700	85 35 5	• Individual aircraft have scheduled removal dates from 2025 to 2034
Delta Connection Prorate Agreement	• CRJ 900 • CRJ 700	6* 4*	•Terminable with 30-days’ notice
Total under Delta Connection Agreements		135

American Capacity Purchase Agreement
Agreement	Aircraft type	Number of Aircraft	Term / Termination Dates
American Agreement (capacity purchase agreement)	• E175 • CRJ 700	20 77	• Individual aircraft have scheduled removal dates from 2024 to 2032
Total under American Agreement		97

Alaska Capacity Purchase Agreement
Agreement	Aircraft type	Number of Aircraft	Term / Termination Dates
Alaska Agreement (capacity purchase agreement)	• E175	42	• Individual aircraft have scheduled removal dates from 2030 to 2034

	2024	2025	2026	Total
Delta Air Lines	1	—	—	1
United Airlines(1)	21	7	8	36
Alaska Airlines	—	1	—	1
Total	22	8	8	38

(1) 17 of the E175 deliveries scheduled for 2024 are partner-financed so the aircraft will be provided by the major airline partner for SkyWest to operate.

Schedule of future minimum rental payments for operating leases

April 2024 through December 2024	$	34,787
2025		41,476
2026		35,946
2027		35,915
2028		35,139
Thereafter		53,500
Total future minimum rental income under operating leases	$	236,763

Schedule of allowance for credit losses

The following table summarizes the changes in allowance for credit losses:

	Allowance for Credit Losses
Balance at December 31, 2023	$	18,699
Adjustments to credit loss reserves		943
Write-offs charged against allowance		—
Balance at March 31, 2024	$	19,642

Airport customer service and other

Agreements with other airlines

Schedule of revenue by type

represents the Company’s lease, airport services and other revenues for the three months ended March 31, 2024 and 2023 (in thousands):

	For the three months ended March 31,
	2024		2023
Operating lease revenue	$	16,668	$	16,560
Airport customer service and other revenue		8,657		11,433
Lease, airport services and other	$	25,325	$	27,993