Republic Airways Holdings' operating loss narrows in 1Q2011

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]