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Monday, April 10, 2006

SkyWest Registers to Sell 4 Million Shares of Stock

SkyWest, Inc. [SKYW] has filed papers with the Securities and Exchange Commission to sell 4 million shares of stock in a public offering. In addition, SkyWest proposes to grant to the underwriters an option to purchase an additional 600,000 shares to cover over-allotments, if any.

The St. George, Utah-based holding company plans to use the proceeds from the offering to repay existing indebtedness, for working capital and for other general corporate purposes. SkyWest operates two independent subsidiaries, SkyWest Airlines and Atlantic Southeast Airlines.

The company filed a registration statement with the SEC relating to these securities but it has not yet become effective.

>>Contact: Michael J. Kraupp, Vice President Finance and Assistant Treasurer, (435) 634-3212<<

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