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Republic Airways Holdings' operating loss narrows in 1Q2011

3-May-2011 1:29 PM

Republic Airways Holdings revenue up 8% - financial highlights for the three months ended 31-Mar-2010:

  • Total operating revenue: USD659.1 million, +8.3% year-on-year;
  • Operating costs: USD659.7 million, +4.9%;
    • Fuel: USD180.8 million, +25.5%;
    • Labour: USD139.7 million, +0.4%;
  • Operating profit (loss): (USD600,000), compared with a loss of USD20 million in p-c-p;
  • Net profit (loss): (USD22.4 million), compared with a loss of USD36.5 million in p-c-p;
  • Passenger numbers:
    • Fixed fee: 3.7 million, -1.8%;
    • Branded: 3.2 million, +1.0%;
  • Passenger load factor:
    • Fixed fee: 67.8%, -3.6 ppts;
    • Branded: 78.7%, +3.0 ppts;
  • Total revenue per ASM:
    • Branded: USD 10.85 cents, +13.9%;
  • Total cost per ASM:
    • Branded: USD 12.12 cents, +8.3%;
  • Cost per ASM excl fuel:
    • Branded: USD 7.77 cents, +5.2%;
  • Average sector length:
    • Branded: 848 miles, +2.2%;
  • Cash balance: USD467.3 million, +8.6% when compared with the period ended 31-Dec-2010;
  • Debt: USD2,550 million, -1.3% when compared with the period ended 31-Dec-2010. [more]