Operating Revenues (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2024 and 2023 (in thousands):

	For the three months ended June 30,				For the six months ended June 30,
	2024		2023		2024		2023
Capacity purchase agreements flight operations revenue (non-lease component)	$	595,127	$	499,142	$	1,139,287	$	968,058
Capacity purchase agreements fixed aircraft lease revenue		75,131		74,042		150,290		148,522
Capacity purchase agreements variable aircraft lease revenue		60,841		44,984		118,727		88,089
Prorate agreements and SWC revenue		107,071		82,226		208,155		159,563
Flying agreements revenue	$	838,170	$	700,394	$	1,616,459	$	1,364,232

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	101 19 68	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		207

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 71	Individual aircraft have scheduled removal dates from 2025 to 2032
Total under American Agreement		91

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

	Q3 and Q4 2024	2025	2026	Total
Delta Air Lines	1	—	—	1
United Airlines(1)	13	7	8	28
Alaska Airlines	—	1	—	1
Total	14	8	8	30

(1) Nine of the E175 deliveries scheduled for the second half of 2024 are partner-financed, meaning the major airline partner will provide the aircraft for SkyWest Airlines to operate.

Schedule of future minimum rental payments for operating leases

July 2024 through December 2024	$	23,417
2025		42,017
2026		36,410
2027		36,395
2028		35,508
Thereafter		54,377
Total future minimum rental income under operating leases	$	228,124

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		974
Write-offs charged against allowance		—
Balance at June 30, 2024	$	19,673

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 and six months ended June 30, 2024 and 2023 (in thousands):

	For the three months ended June 30,				For the six months ended June 30,
	2024		2023		2024		2023
Operating lease revenue	$	22,116	$	16,791	$	38,784	$	33,351
Airport customer service and other revenue		6,832		8,458		15,489		19,891
Lease, airport services and other	$	28,948	$	25,249	$	54,273	$	53,242