Republic Airways Holdings reports operating profit growth in 1Q2013

Republic Airways Holdings revenue down 9% - financial highlights for three months ended 31-Mar-2013

• Total operating revenue: USD635.6 million, -8.9% year-on-year;
  • Republic Airways: USD324.7 million, -8.6%;
  • Frontier: USD310.9 million, -9.2%;
• Total operating costs: USD605.5 million, -10.3%;
  • Labour: USD146.7 million, +5.7%;
  • Fuel: USD131.6 million, -31.4%;
• Operating profit: USD30.1 million, +35.6%;
• Net profit: USD300,000, compared to a loss of USD7.1 million in p-c-p;
• Passenger numbers:
  • Republic: 4.8 million, +5.8%;
  • Frontier: 2.4 million, -4.9%;
• Passenger load factor:
  • Republic: 72.4%, +4.1 ppts;
  • Frontier: 87.8%, +3.1 ppts;
• Total revenue per ASM:
  • Frontier: USD 11.86 cents, +.9%;
• Total cost per ASM, including interest expense:
  • Republic: USD 9.60 cents, -6.1%;
• Operating cost per ASM:
  • Frontier: USD 12.58 cents, +4.1%;
• Total assets: USD3705 million, +1.4% when compared to period ended 31-Dec-2012;
• Cash and cash equivalents: USD245.6 million, -0.6% when compared to period ended 31-Dec-2012;
• Total liabilities: USD3188 million, +1.5% when compared to period ended 31-Dec-2012. [more - original PR] [more - original PR - 8K] [more - original PR - 10Q]