SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
SkyWest, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, no par value
--------------------------------------------------------------------------------
(Title of Class of Securities)
830879102
--------------------------------------------------------------------------------
(CUSIP Number)
Robert S. Harkey, Esquire
Senior Vice President -- General Counsel
Delta Air Lines, Inc.
Hartsfield Atlanta International Airport
Atlanta, Georgia 30320
(404) 715-2387
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
October 12, 2001
--------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. [ ]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7(b) for
other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Continued on following pages)
(Page 1 of 6 pages)
SCHEDULE 13D
----------------------------------- ---------------------------------
CUSIP NO. 830879102 Page 2 of 6 Pages
----------------------------------- ---------------------------------
-------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Delta Air Lines, Inc.
-------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
-------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
-------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
-------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF ----------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH ----------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
----------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
-------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
-------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
-------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
-------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
-------------------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
----------------------------------- ---------------------------------
CUSIP NO. 830879102 Page 3 of 6 Pages
----------------------------------- ---------------------------------
-------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
New Sky, Ltd.
-------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
-------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
-------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
-------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda
-------------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF ----------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH ----------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
----------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
-------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
-------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
-------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
-------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IC
-------------------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
------------------------------------ --------------------------------
CUSIP NO. 830879102 Page 4 of 6 Pages
------------------------------------ --------------------------------
ITEM 1 SECURITY AND ISSUER
This Amendment No. 5 to Schedule 13D (this "Schedule 13D") relates to
the common stock (the "SkyWest Common Stock") of SkyWest, Inc., a Utah
corporation ("SkyWest"), and is being filed on behalf of Delta Air Lines, Inc.,
a Delaware corporation, and New Sky, Ltd., a Bermuda corporation ("New Sky"), to
amend and restate the Schedule 13D which was originally filed with the
Securities and Exchange Commission on February 5, 1987, and amended on January
25, 1988, March 11, 1988, January 2, 1990 and November 22, 2000 (together, the
"Original Schedule 13D"). Unless otherwise indicated, all capitalized terms used
herein but not defined herein shall have the meanings set forth in the Original
Schedule 13D.
ITEM 3 SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 3 is hereby amended by adding the following information:
On December 15, 2000, pursuant to a 2-for-1 stock split of SkyWest
Common Stock, New Sky acquired an additional 3,107,798 shares of SkyWest Common
Stock.
ITEM 5 INTEREST IN SECURITIES OF SKYWEST
Item 5 is hereby amended by adding the following information:
On October 12, 2001, New Sky sold all of the 6,215,596 shares of
SkyWest Common Stock owned by it in a block trade on the Nasdaq National Market
for $20.14 per share, for an aggregate sales price of approximately
$125,182,103.40 (the "Sale").
As a result of the Sale, New Sky ceased to be the beneficial owner
of more than 5.0% of SkyWest's common stock on October 12, 2001.
------------------------------------ --------------------------------
CUSIP NO. 830879102 Page 5 of 6 Pages
------------------------------------ --------------------------------
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: October 15, 2001 Delta Air Lines, Inc.
By: \s\ M. Michele Burns
------------------------------
M. Michele Burns
Executive Vice President and
Chief Financial Officer
------------------------------------ --------------------------------
CUSIP NO. 830879102 Page 6 of 6 Pages
------------------------------------ --------------------------------
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: October 15, 2001 New Sky, Ltd.
By: \s\ Christopher A. Duncan
---------------------------
Christopher A. Duncan
President