Republic Airways Holdings reported operating revenues of $697.6m for the quarter ended March 31, 2012, an increase of 5.8%, compared to $659.1m for the same period last year. The Company reported a net loss of $7.1m for the quarter ended March 31, 2012, compared to a net loss of $22.4m for the same period last year. Republic revenues decreased 4.5%, compared to the prior year’s first quarter on a 4.7% decrease in block hours. As of March 31, 2012, Republic operated 19 fewer 37-50 seat aircraft than a year ago, resulting in lower block hour production. Republic also redeployed 14 of 17 EJet aircraft that were flown on behalf of Frontier in 2011 back into fixed-fee service with Delta.
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada