XML 55 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
OPERATING REVENUES:      
Passenger $ 3,168,000skyw_RevenueFromPassengers $ 3,239,525skyw_RevenueFromPassengers $ 3,467,546skyw_RevenueFromPassengers
Ground handling and other 69,447us-gaap_OtherSalesRevenueNet 58,200us-gaap_OtherSalesRevenueNet 66,826us-gaap_OtherSalesRevenueNet
Total operating revenues 3,237,447us-gaap_Revenues 3,297,725us-gaap_Revenues 3,534,372us-gaap_Revenues
OPERATING EXPENSES:      
Salaries, wages and benefits 1,258,155us-gaap_LaborAndRelatedExpense 1,211,307us-gaap_LaborAndRelatedExpense 1,171,689us-gaap_LaborAndRelatedExpense
Aircraft maintenance, materials and repairs 682,773us-gaap_AircraftMaintenanceMaterialsAndRepairs 686,381us-gaap_AircraftMaintenanceMaterialsAndRepairs 659,869us-gaap_AircraftMaintenanceMaterialsAndRepairs
Aircraft rentals 305,334us-gaap_AircraftRental 325,360us-gaap_AircraftRental 333,637us-gaap_AircraftRental
Depreciation and amortization 259,642us-gaap_DepreciationDepletionAndAmortization 245,005us-gaap_DepreciationDepletionAndAmortization 251,958us-gaap_DepreciationDepletionAndAmortization
Aircraft fuel 193,247us-gaap_FuelCosts 193,513us-gaap_FuelCosts 426,387us-gaap_FuelCosts
Ground handling services 123,917skyw_GroundHandlingServiceExpenses 129,119skyw_GroundHandlingServiceExpenses 125,148skyw_GroundHandlingServiceExpenses
Special items 74,777skyw_SpecialChargesAndWriteDownValueOfAssets    
Station rentals and landing fees 51,024skyw_StationRentalsAndLandingFees 114,688skyw_StationRentalsAndLandingFees 169,855skyw_StationRentalsAndLandingFees
Other, net 263,730us-gaap_OtherCostAndExpenseOperating 239,241us-gaap_OtherCostAndExpenseOperating 229,842us-gaap_OtherCostAndExpenseOperating
Total operating expenses 3,212,599us-gaap_CostsAndExpenses 3,144,614us-gaap_CostsAndExpenses 3,368,385us-gaap_CostsAndExpenses
OPERATING INCOME 24,848us-gaap_OperatingIncomeLoss 153,111us-gaap_OperatingIncomeLoss 165,987us-gaap_OperatingIncomeLoss
OTHER INCOME (EXPENSE):      
Interest income 4,096us-gaap_InvestmentIncomeInterest 3,689us-gaap_InvestmentIncomeInterest 7,928us-gaap_InvestmentIncomeInterest
Interest expense (65,995)us-gaap_InterestExpense (68,658)us-gaap_InterestExpense (77,380)us-gaap_InterestExpense
Other, net 20,708us-gaap_OtherNonoperatingIncomeExpense 10,390us-gaap_OtherNonoperatingIncomeExpense (10,639)us-gaap_OtherNonoperatingIncomeExpense
Total other expense, net (41,191)us-gaap_NonoperatingIncomeExpense (54,579)us-gaap_NonoperatingIncomeExpense (80,091)us-gaap_NonoperatingIncomeExpense
INCOME (LOSS) BEFORE INCOME TAXES (16,343)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 98,532us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 85,896us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
PROVISION FOR INCOME TAXES 7,811us-gaap_IncomeTaxExpenseBenefit 39,576us-gaap_IncomeTaxExpenseBenefit 34,739us-gaap_IncomeTaxExpenseBenefit
NET INCOME (LOSS) (24,154)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 58,956us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 51,157us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
BASIC EARNINGS (LOSS) PER SHARE (in dollars per share) $ (0.47)us-gaap_EarningsPerShareBasic $ 1.14us-gaap_EarningsPerShareBasic $ 1.00us-gaap_EarningsPerShareBasic
DILUTED EARNINGS (LOSS) PER SHARE (in dollars per share) $ (0.47)us-gaap_EarningsPerShareDiluted $ 1.12us-gaap_EarningsPerShareDiluted $ 0.99us-gaap_EarningsPerShareDiluted
Weighted average common shares:      
Basic (in shares) 51,237us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 51,688us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 51,090us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 51,237us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 52,422us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 51,746us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
COMPREHENSIVE INCOME (LOSS):      
Net Income (loss) (24,154)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 58,956us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 51,157us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Proportionate share of other companies foreign currency translation adjustment, net of taxes (1,129)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent 66us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent (251)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
Net unrealized appreciation (depreciation) on marketable securities, net of taxes (719)us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent (13)us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent 316us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
TOTAL COMPREHENSIVE INCOME (LOSS) $ (26,002)us-gaap_ComprehensiveIncomeNetOfTax $ 59,009us-gaap_ComprehensiveIncomeNetOfTax $ 51,222us-gaap_ComprehensiveIncomeNetOfTax