SkyWest Inc. (SKYW) announced that it has reached an agreement with United Air Lines Inc. that provides operational funding to United, extends the current code-sharing relationship between SkyWest Airlines Inc., a subsidiary of SkyWest and creates the opportunity to develop a new relationship with Atlantic Southeast Airlines Inc., another subsidiary of SkyWest.
SkyWest Airlines extended to United a secured term loan in the original principal amount of $80 million. The term loan bears interest at a rate of 11%, with a ten-year amortization period.
SkyWest Airlines also agreed to defer certain amounts otherwise payable to SkyWest Airlines under the existing United Express Agreement. The maximum deferral amount is $49 million and any amounts so deferred accrue a deferral fee of 8%, payable weekly.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.