REPUBLIC AIRWAYS REPORTS $13.8 MILLION 2010 LOSS

Dino D'Amore
By Dino D'Amore February 24, 2011 11:34

REPUBLIC AIRWAYS REPORTS $13.8 MILLION 2010 LOSS

Republic Airways, parent of Frontier Airlines, Lynx Aviation, Chautauqua Airlines, Republic Airlines and Shuttle America, posted a 2010 net loss of $13.8 million, from a $39.7 million profit in 2009.

Chairman, president and CEO Bryan Bedfordtold stated that weather over the past few months has made for a difficult operating environment.

Operating income was $133.4 million, down 50.9% from an operating profit of $271.4 million in 2009. Fourth-quarter net loss was $1.29 million. RAH’s traffic decreased 10.3% to 8.57 billion RPMs in 2010 on a 12% cut in capacity to 11.35 billion ASMs, producing a load factor of 75.5%, up 1.4%. Load factor in 2010 was 82.7%, up 3.5 points.

Dino D'Amore
By Dino D'Amore February 24, 2011 11:34
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