SkyWest Inc.
07/25/2025 | Press release | Distributed by Public on 07/25/2025 14:03
Quarterly Report for Quarter Ending June 30, 2025 (Form 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 $250 million increase to the existing stock repurchase program. The following table summarizes the repurchases under our stock repurchase program during the three months ended June 30, 2025:
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Total Number of Shares Purchased |
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Average Price Paid Per Share |
Total Number of Shares Purchased as Part of a Publicly Announced Program (1) |
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Maximum Dollar Value of Shares that May Yet Be Purchased Under the Program (in Thousands) |
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April 1, 2025 - April 30, 2025 |
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144,657 |
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$ |
85.46 |
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144,657 |
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$ |
21,554 |
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May 1, 2025 - May 31, 2025 |
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39,128 |
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$ |
96.80 |
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39,128 |
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$ |
267,767 |
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June 1, 2025 - June 30, 2025 |
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11,400 |
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$ |
100.48 |
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11,400 |
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$ |
266,621 |
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Total |
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195,185 |
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$ |
88.61 |
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195,185 |
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$ |
266,621 |
| (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 June 30, 2025, we had repurchased 5,163,143 shares of our common stock for $233.4 million and, following such increase, had $266.6 million remaining availability under the stock repurchase program. |
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