Latest Republic Airways Holdings Stories

Republic Airways Holdings (NASDAQ: RJET), today reported preliminary passenger traffic results for August 2008. The company generated 880.0 million revenue passenger miles (RPMs), an 8.2% increase over the same month last year, while available seat miles (ASMs) increased 10.8% to 1.15 billion. Block hours were 63,791 in August 2008, a 5.1% increase over August 2007. Load factor was 76.8% versus 78.7% in August 2007. A total of 1,738,722 passengers were carried during the month, a 12.6%...

DENVER, Sept. 3 /PRNewswire/ -- Frontier Airlines led the airline industry in two key areas for the busy travel month of July 2008, while finishing near the top in several others, according to the most recent statistics released by the Department of Transportation (DOT). According to the DOT's monthly Air Travel Consumer Report, Frontier finished July number one for fewest customer complaints during a month when it carried a record number of passengers. Frontier also finished first in...

By O'Malley, Chris It's not just the beat-up airline industry that's troubling locally based Republic Airways Holdings, it's the aircraft itself. About half the regional jets flown by Republic for major airlines are of a type quickly falling into disfavor with the majors as they buckle under high fuel prices. About 118 of Republic's 226 aircraft have fewer than 50 seats - too few passengers over which to spread the higher cost of jet fuel to make many of the routes they fly profitable....

Republic Airways Holdings Inc. (NASDAQ: RJET) today reported operating revenues of $391.4 million for the quarter ended June 30, 2008, a 22.2% increase, compared to $320.3 million for the same period last year. The Company reported net income of $28.4 million which included a one-time gain of $6.0 million, net of tax, on the settlement of interest rate swap transactions. Excluding this item, net income was $22.4 million for the quarter compared to $19.0 million reported in the prior year's...

Republic Airways Holdings (NASDAQ:RJET), today reported preliminary passenger traffic results for July 2008. The company generated 892.7 million revenue passenger miles (RPMs), a 12.3% increase over the same month last year, while available seat miles (ASMs) increased 16.4% to 1.15 billion. Block hours were 64,946 in July 2008, a 11.6% increase over July 2007. Load factor was 77.4% versus 80.3% in July 2007. A total of 1,755,636 passengers were carried during the month, a 17.1% increase over...

DENVER, Aug. 4 /PRNewswire/ -- Frontier Airlines Holdings, Inc. today announced it is moving forward with an alternate transaction for post-petition debtor-in-possession (DIP) financing. Republic Airways Holdings, Inc., Credit Suisse Securities (through its affiliates), and AQR Capital (the "Lenders"), each a member of the Unsecured Creditors Committee in Frontier's Chapter 11 Bankruptcy cases, are offering Frontier up to $75 million in DIP financing, with an immediate firm commitment and...

By Chris Walsh Frontier Airlines is considering giving back up to five gates at Denver International Airport as part of its bankruptcy reorganization, airport officials said. The Denver-based company leases or uses space on 21 gates at DIA for its Airbus jets. It also operates turboprop flights from eight "hard- tand" areas where passengers walk out to the planes. Frontier has previously indicated that it will give up space at the airport but hasn't said how much. DIA officials said...

By Chris Walsh Frontier Airlines accomplished what many critics felt was an impossible task, cementing a deal last week for up to $100 million of financing that could help lift the carrier out of bankruptcy. It's an especially significant milestone for Frontier, coming against the backdrop of a tight credit market, turmoil in the airline industry, brutally high oil prices, mounting financial losses and plenty of skepticism about its future. "For any airline to get this type of financing in...

Republic Airways Holdings (NASDAQ:RJET), today announced that it and Delta Air Lines have reached agreement to remove the final eleven 37-seat E135 aircraft from service effective September 30, 2008. The aircraft were originally scheduled to be removed at a rate of two per month between November 2008 and April 2009. The revised agreement provides for three aircraft to be removed on July 31, 2008, and four to be removed on each of August 31, 2008 and September 30, 2008. In addition to other...

Republic Airways Holdings Inc. (NASDAQ:RJET) announced today it will hold a conference call to discuss financial results for the second quarter of 2008. The conference call will be held Thursday, August 7, 2008 at 10:30 am EDT. This call is being webcast by Thomson Reuters and can be accessed at Republic Airways Holdings' website at www.rjet.com. For those wishing to participate, please call 888-680-0865, and for international calls please dial 617-213-4853; the password is 14140781. To...