Loading
1-Mar-2012 1:52 PM

Republic Airways falls into the red in 2011

Republic Airways revenue up 7% - financial highlights:

  • Three months ended 31-Dec-2011:
    • Total operating revenue: USD697.8 million, +7.4% year-on-year;
    • Total operating costs: USD863.8 million, +40.9%;
      • Fuel: USD187.7 million, +18.6%;
      • Labour: USD134.8 million, +7.0%;
    • Operating profit (loss): (USD166.0 million), compared to a profit of USD36.8 million in p-c-p;
    • Net profit (loss): (USD123.5 million), compared to a loss of USD1.3 million in p-c-p;
    • Passenger numbers:
      • Fixed-fee: 4.1 million, -5.4%;
      • Branded: 3.6 million, +3.8%;
    • Passenger load factor:
      • Fixed-fee: 72.2%, -2.5 ppts;
      • Branded: 86.8%, +5.6 ppts;
    • Total revenue per ASM:
      • Branded: USD 11.90cents, +11.0%;
    • Passenger revenue per ASM:
      • Branded: USD 11.35cents, +10.7%;
    • Cost per ASM:
      • Branded: USD 12.57cents, +13.3%;
    • Cost per ASM excl fuel:
      • Branded: USD 7.93cents, +10.4%;
  • 12 months ended 31-Dec-2011:
    • Total operating revenue: USD2865 million, +7.9%;
    • Total operating costs; USD2970 million, +17.8%;
      • Fuel: USD821.1 million, +33.1%;
      • Labour: USD560.6 million, +1.9%;
    • Operating profit (loss): (USD105.6 million), compared to a profit of USD133.4 million in p-c-p;
    • Net profit (loss): (USD151.8 million), compared to a loss of USD13.8 million in p-c-p;
    • Passenger numbers:
      • Fixed-fee: 16.4 million, -5.4%;
      • Branded: 14.9 million, +2.3%;
    • Passenger load factor:
      • Fixed-fee: 72.0%, -3.5 ppts;
      • Branded: 85.8%, +3.1 ppts;
    • Total revenue per ASM:
      • Branded: USD 11.74cents, +11.2%;
    • Passenger revenue per ASM:
      • Branded: USD 11.27cents, +11.1%;
    • Cost per ASM:
      • Branded: USD 12.39cents, +13.4%;
    • Cost per ASM excl fuel:
      • Branded: USD 7.60cents, +3.8%;
    • Total assets: USD3902 million, -10.3%;
    • Cash and cash equivalents: USD219.3 million, -24.7%;
    • Total liabilities: USD3441 million, -8.0%. [more – Original PR]

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More