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Republic Airways Holdings reports improved results in 2Q2013

26-Jul-2013 1:30 PM

Republic Airways Holdings revenue down 9% - financial highlights:

  • Three months ended 30-Jun-2013:
    • Total operating revenue: USD664.4 million, -8.7% year-on-year;
      • Republic: USD336.8 million, -5.8%;
      • Frontier: USD327.6 million, -11.6%;
    • Total operating costs: USD594.1 million, -10.4%;
      • Fuel: USD126.3 million, -33.9%;
      • Labour: USD144.6 million, +4.0%;
    • Operating profit: USD70.3 million, +7.8%;
    • Net profit: USD24.6 million, +23.0%;
    • Passenger numbers:
      • Republic: 5.5 million, +8.0%;
      • Frontier: 2.7 million, -1.6%;
    • Load factor:
      • Republic: 78.4%, +1.7 ppt;
      • Frontier: 90.9%, +0.8 ppt;
    • Total revenue per ASM:
      • Frontier: USD 11.98 cents, -1.6%;
    • Operating cost per ASM:
      • Frontier: USD 11.45 cents, -2.0%;
    • Cost per ASM excl fuel:
      • Frontier: USD 7.27 cents, +1.3%;
  • Six months ended 30-Jun-2013:
    • Total operating revenue: USD1300 million, -8.8%;
      • Republic: USD661.5 million, -7.2%;
      • Frontier: USD638.5 million, -10.5%;
    • Total operating costs: USD1200 million, -10.4%;
      • Fuel: USD257.9 million, -32.6%;
      • Labour: USD291.3 million, +4.8%;
    • Operating profit: USD100.4 million, +14.9%;
    • Net profit: USD24.9 million, +93.0%;
    • Passenger numbers:
      • Republic: 10.3 million, +7.0%;
      • Frontier: 5.1 million, -3.2%;
    • Load factor:
      • Republic: 75.5%, +3.0 ppts;
      • Frontier: 89.4%, +2.0 ppts;
    • Total revenue per ASM:
      • Frontier: USD 11.92 cents, +1.0%;
    • Operating cost per ASM:
      • Frontier: USD 12.01 cents, +1.1%;
    • Cost per ASM excl fuel:
      • Frontier: USD 7.67 cents, +3.2%;
    • Total assets: USD3698 million;
    • Cash and cash equivalents: USD238.8 million;
    • Total liabilities: USD3155 million. [more - original PR]