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]