SKYWEST INC 10-Q

ITEM 2 . UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS Our Board of Directors (the “Board”) has adopted stock repurchase programs which authorize us to repurchase shares of our common stock in the public market or in private transactions, from time to time, at prevailing prices. Our stock repurchase program adopted in May 2023 authorized the repurchase of up to $250.0 million of our common stock. In May 2025, the Board approved a $250 million increase to the existing stock repurchase program. The following table summarizes the repurchases under our stock repurchase program during the three months ended September 30, 2025: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number of Shares Purchased ​ Average Price Paid Per Share Total Number of Shares Purchased as Part of a Publicly Announced Program (1) ​ Maximum Dollar Value of Shares that May Yet Be Purchased Under the Program (in Thousands) July 1, 2025 - July 31, 2025 ​ 11,101 ​ $ 112.30 ​ 11,101 ​ $ 265,375 August 1, 2025 - August 31, 2025 ​ 47,999 ​ $ 116.45 ​ 47,999 ​ $ 259,785 September 1, 2025 - September 30, 2025 ​ 185,314 ​ $ 106.65 ​ 185,314 ​ $ 240,021 Total ​ 244,414 ​ $ 108.83 ​ 244,414 ​ $ 240,021 (1) In May 2023, our Board approved a stock repurchase program and authorized us to repurchase up to $250.0 million of our common stock. In May 2025, the Board approved a $250 million increase to the existing stock repurchase program. Purchases are made at management’s discretion based on market conditions and financial resources. As of September 30, 2025, we had repurchased 5,407,557 shares of our common stock for $260.0 million and had $240.0 million remaining availability under the stock repurchase program.