Loading
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:
    • Total operating revenue: USD664.4 million, -8.7% year-on-year;
      • Republic: USD336.8 million, -5.8%;
      • Frontier: USD327.6 million, -11.6%;
    • Total operating costs: USD594.1 million, -10.4%;
      • 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:
      • Republic: 5.5 million, +8.0%;
      • Frontier: 2.7 million, -1.6%;
    • Load factor:
      • Republic: 78.4%, +1.7 ppt;
      • Frontier: 90.9%, +0.8 ppt;
    • Total revenue per ASM:
      • Frontier: USD 11.98 cents, -1.6%;
    • Operating cost per ASM:
      • Frontier: USD 11.45 cents, -2.0%;
    • Cost per ASM excl fuel:
      • Frontier: USD 7.27 cents, +1.3%;
  • Six months ended 30-Jun-2013:
    • Total operating revenue: USD1300 million, -8.8%;
      • Republic: USD661.5 million, -7.2%;
      • Frontier: USD638.5 million, -10.5%;
    • Total operating costs: USD1200 million, -10.4%;
      • 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:
      • Republic: 10.3 million, +7.0%;
      • Frontier: 5.1 million, -3.2%;
    • Load factor:
      • Republic: 75.5%, +3.0 ppts;
      • Frontier: 89.4%, +2.0 ppts;
    • Total revenue per ASM:
      • Frontier: USD 11.92 cents, +1.0%;
    • Operating cost per ASM:
      • Frontier: USD 12.01 cents, +1.1%;
    • Cost per ASM excl fuel:
      • 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]

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