Company Watch - Republic Airways.Aug 6, 2007 Republic Airways Holdings Republic Airways Holdings, Inc. (NASDAQ: RJET) is an aviation holding corporation based in Indianapolis, Indiana, which owns three regional airlines operating in the United States: Chautauqua Airlines, Republic Airlines and Shuttle America. saw its second-quarter profit dip 6% to $19 million from $20.3 million in the year-ago quarter on a 12.7% increase in revenue to $320.3 million. Operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. climbed 14.7% to $265.7 million and operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. was up 3.8% to $54.5 million. Republic operates as Republic Airlines, Chautauqua Airlines Chautauqua Airlines is an airline based in Indianapolis, Indiana, USA. It operates scheduled passenger services on more than 670 flights daily to cities in 30 states, Canada and the Bahamas, through feeder services under the names Delta Connection for Delta Air Lines, and Shuttle America Shuttle America is a major airline based in Indianapolis, Indiana, USA. It feeds United Airlines flights at Chicago, Denver, and Washington as United Express, and feeds Delta Air Lines flights at Atlanta and New York as Delta Connection. . During the quarter it took delivery of seven E-175s to be operated under a fixed-fee contract for US Airways and eight CRJ CRJ Canadair Regional Jet CRJ Chiropractic Research Journal CRJ Commission for Racial Justice CRJ Cylinder Reduction Jumper 200s to be flown for Continental Airlines on short-term leases. The company flew 2.19 billion RPMs, up 26.4%, against a 24.1% climb in ASMs to 2.8 billion. Load factor gained 1.4 points to 78.3%. Unit cost fell 7.3% to 10.42 cents but rose 0.4% to 7.63 cents ex-fuel. Republic's six-month profit of $38.3 million represented a 3.1% increase from the $37.2 million earned in the year-ago semester. Operating income was ahead 8.9% to $109.4 million. Aug 1, 2007 GE Aviation said Republic Airways signed a 10-year OnPoint Solutions agreement extending maintenance and overhaul coverage to the CF34-8Es powering the 119 E-170s/-175s in service or on order. GE valued the agreement at more than $240 million. Aug 1, 2007 Editorial eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact our Director of Content Aram Gesar eMail: bizintel@AirGuideOnline.com For more global news, reviews, features and analysis, please subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com AirGuideFlightTracker is a new service that keeps travelers informed on flight and airport status via the Web. For more go to http://www.airguideonline.com/airline_tracker.htm Copyright [c] 2007 Pyramid Media Group / Air Travel Media. All rights reserved. |
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