26-Jul-2013 1:30 PM
Republic Airways Holdings reports improved results in 2Q2013
Republic Airways Holdings revenue down 9% - financial highlights:
- Three months ended 30-Jun-2013:
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- Total operating revenue: USD664.4 million, -8.7% year-on-year;
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- Republic: USD336.8 million, -5.8%;
- Frontier: USD327.6 million, -11.6%;
- Total operating costs: USD594.1 million, -10.4%;
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- Fuel: USD126.3 million, -33.9%;
- Labour: USD144.6 million, +4.0%;
- Operating profit: USD70.3 million, +7.8%;
- Net profit: USD24.6 million, +23.0%;
- Passenger numbers:
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- Republic: 5.5 million, +8.0%;
- Frontier: 2.7 million, -1.6%;
- Load factor:
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- Republic: 78.4%, +1.7 ppt;
- Frontier: 90.9%, +0.8 ppt;
- Total revenue per ASM:
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- Frontier: USD 11.98 cents, -1.6%;
- Operating cost per ASM:
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- Frontier: USD 11.45 cents, -2.0%;
- Cost per ASM excl fuel:
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- Frontier: USD 7.27 cents, +1.3%;
- Six months ended 30-Jun-2013:
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- Total operating revenue: USD1300 million, -8.8%;
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- Republic: USD661.5 million, -7.2%;
- Frontier: USD638.5 million, -10.5%;
- Total operating costs: USD1200 million, -10.4%;
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- Fuel: USD257.9 million, -32.6%;
- Labour: USD291.3 million, +4.8%;
- Operating profit: USD100.4 million, +14.9%;
- Net profit: USD24.9 million, +93.0%;
- Passenger numbers:
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- Republic: 10.3 million, +7.0%;
- Frontier: 5.1 million, -3.2%;
- Load factor:
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- Republic: 75.5%, +3.0 ppts;
- Frontier: 89.4%, +2.0 ppts;
- Total revenue per ASM:
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- Frontier: USD 11.92 cents, +1.0%;
- Operating cost per ASM:
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- Frontier: USD 12.01 cents, +1.1%;
- Cost per ASM excl fuel:
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- Frontier: USD 7.67 cents, +3.2%;
- Total assets: USD3698 million;
- Cash and cash equivalents: USD238.8 million;
- Total liabilities: USD3155 million. [more - original PR]