Republic Airways revenue up 87.9%, profit also up despite fall in pax in 4Q2009

Republic Airways revenue up 87.9% - consolidated financial/traffic highlights:

• Three months ended 31-Dec-2009:
  • Operating revenue: USD637.3 million, +87.9% year-on-year;
  • Operating cost: USD500.9 million, +81.5%;
    • Fuel: USD136.4 million, +185.3%;
    • Labour: USD134.9 million, +118.6%;
  • Operating profit: USD136.4 million, +115.4%;
  • Net profit: USD20.1 million, +5.9%;
  • Passenger numbers: 4.4 million, -1.8%;
  • Passenger load factor: 74.2%, +3.4 ppts;
  • Cost per ASM*: USD 8.17 cents, -10.0%;
  • Cost per ASM excl fuel*: USD 7.59 cents, -0.4%;
• 12 months ended 31-Dec-2009:
  • Operating revenue: USD1,642 million, +11.0%;
  • Operating cost: USD1,371 million, +11.9%;
    • Labour: USD342.4 million, +35.7%;
    • Fuel: USD236.6 million, -27.8%;
  • Operating profit: USD271.4 million, +6.4%;
  • Net profit: USD39.7 million, -53.1%;
  • Passenger numbers: 18.8 million, -0.7%;
  • Passenger load factor: 74.1%, +0.7 ppt;
  • Cost per ASM*: USD 8.36 cents, -16.1%;
  • Cost per ASM excl fuel*: USD 7.65 cents, +2.0%. [more][more - Perspective]

*Includes tax expenses