SkyWest Inc. reported net income of USD 323.0 million for the full year ended December 31, 2024, rising to USD 262.97 million in segment profit for its SkyWest Airlines and SWC segment for the same period, up 89.3%. Block hour production increased 14.7% year-on-year, reaching 1,481,723 hours due primarily to a higher number of available captains. Operating expenses saw significant increases, with salaries, wages and benefits up 6.5% to USD 1.56 billion and aircraft maintenance, materials and repairs up 28.1% to USD 877.37 million. Other segment costs, including fuel and airport-related expenses, rose 18.7% to USD 548.78 million, reflecting higher flight activity. Depreciation and amortization increased 8.6% to USD 157.56 million due to the acquisition of additional assets, while interest expense declined 9.4% to USD 11.70 million driven by lower outstanding debt.

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