Loading
8-Nov-2013 1:08 PM

Republic Airways Holdings operating profit down 17% in 3Q2013

Republic Airways Holdings revenue stable – financial highlights for three months ended 30-Sep-2013:

  • Total operating revenue: USD338.6 million, +0.4% year-on-year;
    • Fixed fee: USD320.3 million, +19.2%;
    • Passenger service: USD12.6 million, -80.0%;
    • Charter and other: USD5.7 million, +1.8%;
  • Total operating costs: USD305.8 million, +2.6%;
    • Labour: USD87.1 million, +10.3%;
    • Maintenance and repair: USD67.3 million, +1.1%;
  • Operating profit: USD32.8 million, -16.8%;
  • Net profit (loss): (USD13.8 million), compared to a profit of USD25.8 million in p-c-p;
  • Republic operating highlights:
  • Passenger numbers: 5.6 million, +5.5%;
  • Passenger load factor: 77.5%, -1.1 ppt;
  • Total cost per ASM: USD 9.60 cents, +1.2%;
  • Cost per ASM excl fuel: USD 9.28 cents, +6.2%;
  • Total assets: USD3621 million;
  • Cash and cash equivalents: USD191.9 million;
  • Total liabilities: USD3090 million. [more - original PR] [more - original PR - 10Q]

Republic Airways Holdings: "The sale of Frontier will allow our management team to re-focus on our core business. We continue to be excited about the growth opportunities for our fixed-fee business and are focused on providing safe, reliable and low-cost solutions to each of our airline partner brands, including American Eagle, Delta Connection, United Express and US Airways Express," Bryan Bedford, Chairman, President and CEO. Source: Company statement, 07-Nov-2013.

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