Republic Airways raises 4Q2011 guidance
Republic Airways raised (25-Jan-2012) its outlook for 4Q2011 ended 31-Dec-2011 compared to its previous forecast as follows:
- Branded revenue per ASM: +10% to +11%, compared to previous forecast of +8% to +9%;
- Consolidated unrestricted cash: USD215 million to USD220 million, compared to previous forecast of USD200 million to USD210 million. [more – original PR]
Republic Airways: “Our record load factors on Frontier in each month of the fourth quarter, coupled with strong unit revenue growth, led to revenue performance that outpaced not only our previous expectations, but most of the industry as well. The two percent improvement in revenue improves the operating margins by the same amount on our branded operations and also drives an increase in our year-end unrestricted cash balance,” Bryan Bedford, CEO. Source: Republic Airways, 25-Jan-2012.