SkyWest Announces Additional Stock Repurchase Authorization and Regular Quarterly Dividend

SkyWest

today announced that its Board of Directors has authorized the repurchase of up to an additional 5 million outstanding shares of SkyWest common stock.  This is in addition to the remaining 1.51 million shares previously authorized under SkyWest's existing stock repurchase program, for a total of 6.51 million shares authorized. The authorization gives SkyWest management authority to repurchase outstanding shares of SkyWest common stock in the open market or in privately negotiated transactions as deemed appropriate by management.  Depending on market conditions and other factors, these purchases may be commenced or suspended from time to time without prior notice. SkyWest also announced its regular quarterly dividend of $.04 per common share that will apply to shareholders of record on September 28, 2012 and is payable on October 5, 2012.  This is the 69th consecutive quarterly dividend SkyWest has paid.