SkyWest, Inc. (NASDAQ:SKYW) Q2 2024 Earnings Conference Call July 25, 2024 4:30 PM ET

Company Participants

Rob Simmons - Chief Financial Officer
Eric Woodward - Chief Accounting Officer
Chip Childs - President & Chief Executive Officer
Wade Steel - Chief Commercial Officer

Conference Call Participants

Savi Syth - Raymond James
Mike Linenberg - Deutsche Bank
Duane Pfennigwerth - Evercore ISI
Tom Fitzgerald - TD Cowen

Operator

Thank you for standing by. My name is JL [ph] and I will be your conference operator today. At this time, I would like to welcome everyone to the SkyWest, Inc. Second Quarter 2024 Results Call. [Operator Instructions]

I would now like to turn the conference over to Rob Simmons, Chief Financial Officer. You may begin.

Rob Simmons

Thanks, everyone, for joining us on the call today. As the operator indicated, this is Rob Simmons, SkyWest's Chief Financial Officer. On the call with me today are Chip Childs, President and Chief Executive Officer; Wade Steel, Chief Commercial Officer; and Eric Woodward, Chief Accounting Officer.

I'd like to start today by asking Eric to read the Safe Harbor. Then I will turn the time over to Chip for some comments. Following Chip, I will take us through the financial results, then Wade will discuss the fleet and related flying arrangements. Following Wade, we will have the customary Q&A session with our sell-side analysts.

Eric?

Eric Woodward

Today's discussion contains forward-looking statements that represent our current beliefs, expectations and assumptions regarding future events and are subject to risks and uncertainties. We assume no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Actual results will likely vary and may vary materially from those anticipated, estimated or projected for a number of reasons. Some of the factors that will cause such differences are included in our most recent Form 10-K and other reports and filings with the Securities and Exchange Commission.

And now, I'll turn the call over to Chip.

Chip Childs

Thank you, Rob and Eric. Good afternoon, everyone and thank you for joining us on the call today. Last week, most of our industry experienced significant worldwide disruption with a massive IT outage. SkyWest was fortunate not to utilize the software that triggered the event and all teams across our operation worked extensively to minimize operational crew and customer impact. Despite the FAA-mandated ground stops at several of our hubs, we canceled just 55 total flights on Friday and we're operating our full schedule by Saturday. This phenomenal performance is a result of smart decisions, proactive planning and exceptional collaboration and dedication to quality and reliability by every team across our operations. The SkyWest team continues to stand apart and lead the industry through any challenge.