Republic results

admin
By admin February 26, 2015 21:11

Republic results

Republic Airlines and Shuttle America reported 2014 net income of $64.3m, more than double 2013’s $26.7m. Republic’s 2014 revenue was up 2.1% year on year to $1.38bn, but expenses increased 3% to $1.19bn, producing an operating profit of $185.5m, down 2.9% from the $191m operating profit in 2013.

Republic’s 2014 traffic increased 7.2% to 2.88 billion RPMs on a 6.9% rise in capacity to 3.75 billion ASMs, this gave a load factor of 76.8%, up 0.2 points showing very good fleet management considering the overhaul that has taken place at the airline. Republic’s fleet decreased from 258 to 244 aircraft in 2014. During the year, it took delivery of 22 Embraer E-175s, permanently parked 15 ERJ-140s, temporarily parked 13 E-145s, sold two E-190s and leased three ERJ-145s and three E-190s. Republic’s fleet of 44-50-seat aircraft decreased 43% in 2014 from 72 to 41 while its 69-99-seat aircraft fleet increased 9.1% from 186 to 203.

admin
By admin February 26, 2015 21:11