Actual operational and financial results of SkyWest, SkyWest Airlines and ExpressJet will likely also vary, and may vary materially, from those anticipated, estimated, projected or expected for a number of other reasons, including, in addition to those identified above: the challenges and
costs of integrating operations and realizing anticipated synergies and other benefits from the acquisition of ExpressJet; the challenges of competing successfully in a highly competitive and rapidly changing industry; developments associated with fluctuations in the economy and the demand for air travel; the financial stability of SkyWest's major partners and any potential impact of their financial condition on the operations of SkyWest, SkyWest Airlines, or ExpressJet; fluctuations in flight schedules, which are determined by the major partners for whom SkyWest's operating airlines conduct flight operations; variations in market and economic conditions; significant
aircraft lease and debt commitments; residual
aircraft values and related impairment charges; labor relations and
costs; the impact of global instability; rapidly fluctuating fuel
costs, and potential fuel shortages; the impact of weather - related or other natural disasters on air travel and airline
costs;
aircraft deliveries; the ability to attract and retain qualified pilots and other unanticipated factors.
The company's adjusted operating free cash flow (Op FCF, after adding back
aircraft operating
lease costs of EUR 45.2 million) margin remains pretty stable at 8.1 % — which deserves a 0.75 P / S multiple.