Republic Airways revenue up 98%, operating profit doubles in 3Q2010

Republic Airways revenue up 98% - financial highlights ended 30-Sep-2010:

• Revenue: USD711.9 million, +97.9% year-on-year;
  • Fixed fee service: USD261.6 million, -7.0%;
  • Passenger service: USD429.9 million, +562.7%;
  • Cargo and other: USD20.3 million, +52.1%;
• Operating costs: USD638.8 million, +97.8%;
  • Fuel: USD154.0 million, +290.0%;
  • Labour: USD144.0 million, +87.3%;
• Operating profit: USD73.0 million, +99.5%;
• Net profit: USD21.3 million, +703.9%;
• Passenger numbers:
  • Fixed fee: 4.6 million, -5.0%;
  • Branded: 4.1 million, +506.9%;
• Passenger load factor:
  • Fixed fee: 77.3%, -0.1 ppt;
  • Branded: 87.4%, +9.2 ppts;
• Revenue per ASM:
  • Branded: USD 11.15 cents, -13.1%;
• Passenger revenue per ASM:
  • Branded: USD 10.76 cents, -4.5%;
• Cost per ASM*:
  • Branded: USD 10.60 cents, -28.3%;
• Cost per ASM excl fuel:
  • Branded: USD 7.17 cents, -32.6%;
• Cash: USD390.04 million+11.5% when compared to period ended 31-Dec-2009;
• Debt: USD2,630 million, -5.7% when compared to period ended 31-Dec-2009. [more]

*Excludes market to market fuel hedge adjustment of USD0.2 million and USD5.6 million