SKYWEST INC 10-Q

ITEM 2 . UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS Our Board of Directors has adopted a stock repurchase program which authorizes 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 $250.0 million increase to the existing stock repurchase program. The following table summarizes the repurchases under our stock repurchase program during the three months ended March 31, 2026: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) January 1, 2026 - January 31, 2026 ​ 111,030 ​ $ 99.74 ​ 111,030 ​ $ 202,006 February 1, 2026 - February 28, 2026 ​ 174,605 ​ $ 104.95 ​ 174,605 ​ $ 183,681 March 1, 2026 - March 31, 2026 ​ 497,265 ​ $ 92.30 ​ 497,265 ​ $ 137,784 Total ​ 782,900 ​ $ 96.18 ​ 782,900 ​ $ 137,784 (1) In May 2023, our Board of Directors 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 $250.0 million increase to the existing stock repurchase program. Purchases are made at management’s discretion based on market conditions and financial resources. As of March 31, 2026, we had repurchased 6,458,719 shares of our common stock for $362.2 million and had $137.8 million remaining availability under the stock repurchase program.