11-May-2016 12:07 PM
Republic Airways says operating revenues decreased by 11.5% in 1Q2016
Republic Airways stated (10-May-2016) operating revenues decreased by 11.5% during 1Q2016 to USD301.7 million, while fixed-fee service revenue decreased by 11.8% to USD295.8 million. The carrier attributed the decline primarily due to a decrease in block hours and reduced revenues associated with the non-reimbursed aircraft ownership. Republic said a lack of pilots and the wind-down of Bombardier Q400 operations led to aircraft removed from revenue service during 1Q2016. [more - original PR]