Republic Airways Holdings operating revenue up 2% in 4Q2010

Republic Airways Holdings reports (22-Feb-2011) the following consolidated financial highlights:

• 3 months ended Dec-2010:
  • Operating revenue:USD649.8 million, +2.0% year-on-year;
  • Operating costs: USD613 million, +22.4%:
    • Fuel: +16.1%;
    • Labour: -6.6%;
  • Operating income: USD36.8 million, -73%;
  • Net income/loss: (USD1.3 million), compared to a net income of USD20.1 million in p-c-p.
  • Operational highlights - Branded:
    • Passenger numbers: 3.4 million, +0.6%;
    • Passenger load factor: 81.2%, +1.5 ppts;
    • Total revenue per ASM: USD10.72 cents, +6.1%;
    • Total cost per ASM: USD11.40 cents, +7.4%;
• 12 months ended Dec-2010:
  • Operating revenue: USD2,654 million, +61.6%;
  • Operating costs: USD2,520 million, +83.9%;
    • Fuel: +160.7%;
    • Labour: +60.6%;
  • Operating income: USD133.4 million, -50.9%;
  • Net income/loss: (USD13.8 million), compared to a net income of USD36.4 million in p-c-p;
  • Fleet: 275, -5.2%;
  • Operational highlights - Branded:
    • Passenger numbers: 14.6 million, +247.7%;
    • Passenger load factor: 82.7%, +3.5 ppts;
    • Total revenue per ASM: USD10.56 cents, +0.4%;
    • Total cost per ASM: USD11.09 cents, -3.1%. [more]