SKYWEST INC 10-Q

ITEM 2 . UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS Our Board of Directors 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 programs were authorized in February 2019 for the repurchase of up to $250.0 million of our common stock and in May 2023 for the repurchase of up to $250.0 million of our common stock. The following table summarizes the repurchases under our stock purchase programs during the three months ended June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) April 1, 2023 - April 30, 2023 ​ 1,273,112 ​ $ 23.56 ​ 1,273,112 ​ $ 9,590 May 1, 2023 - May 31, 2023 ​ 1,248,510 ​ $ 28.03 ​ 1,248,510 ​ $ 215,000 June 1, 2023 - June 30, 2023 ​ 813,062 ​ $ 35.76 ​ 813,062 ​ $ 185,922 Total ​ 3,334,684 ​ $ 28.21 ​ 3,334,684 ​ $ 185,922 (1) In February 2019, our Board of Directors authorized a stock purchase program to repurchase up to $250.0 million of our common stock. Purchases are made at management’s discretion based on market conditions and financial resources. As of April 30, 2023, we had repurchased 6,340,256 shares of our common stock for $240.4 million under the February 2019 authorization. In May 2023, our Board of Directors approved a new share repurchase program, which superseded our prior repurchase program and authorized us to repurchase up to $250.0 million of our common stock. As of June 30, 2023, we had repurchased 2,061,572 shares of our common stock for $64.1 million under the May 2023 authorization . 39 Table of Contents ITEM 6. EXHIBITS ​ ​ 31.1 ​ Certification of Chief Executive Officer 31.2 ​ Certification of Chief Financial Officer 32.1 ​ Certification of Chief Executive Officer 32.2 ​ Certification of Chief Financial Officer 101.INS ​ Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. 101.SCH ​ Inline XBRL Taxonomy Extension Schema Document 101.CAL ​ Inline XBRL Taxonomy Extension Calculation Linkbase Document 101.DEF ​ Inline XBRL Taxonomy Extension Definition Linkbase Document 101.LAB ​ Inline XBRL Taxonomy Extension Label Linkbase Document 101.PRE ​ Inline XBRL Taxonomy Extension Presentation Linkbase Document 104 ​ Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) ​ ​ 40 Table of Contents ​ SIGNATURE ​ Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Quarterly Report on Form 10-Q for the quarter ended June 30, 2023, to be signed on its behalf by the undersigned, thereunto duly authorized, on August 3, 2023. ​ ​ ​ ​ ​ SKYWEST, INC. ​ ​ ​ ​ By /s/ Robert J. Simmons ​ ​ Robert J. Simmons ​ ​ Chief Financial Officer ​ ​ ​ 41