Republic Airways reports fourth quarter and full year 2013 financial results

Republic Airways Holdings reported fourth quarter 2013 income from continuing operations of $16.5, compared to $8.8 in the prior year. Net income, which includes the results of discontinued operations at Frontier, increased 23.8% to $15.6m for the fourth quarter of 2013, compared to $12.6m in the same period in the prior year. Operating revenues for the quarter increased 5.8% to $346.5m compared to $327.4m for the fourth quarter of 2012. Full year income from continuing operations increased 54.3% to $48.3m, compared to $31.3m for the full year 2012. For the full year 2013, the loss from discontinued operations was $21.6m, compared to income of $20.0m for 2012. The decrease in income from discontinued operations, net of tax, is primarily attributable to the loss on the disposal of Frontier.