View Single Post
Old 07-31-2013 | 04:30 AM
  #5  
What's Avatar
What
Underpaid...
 
Joined: Nov 2010
Posts: 2,101
Likes: 0
From: French-Canadian
Default

Originally Posted by MikeB525
Republic reports $70.3 million profit in 2Q | Finance & Data content from ATWOnline

Yea, I see exactly why they can't afford to pay pilots more.
They made 25 million and 14 million was on the Frontier side of the house, I would expect them to report broke over the next 2-3 quarters as the sale of frontier happens.

"Republic Airways Holdings Inc. (Republic Airlines 2nd) (Indianapolis) reported diluted earnings per share of $0.46, which is a 15.0% increase from the $0.40 per diluted share result in the second quarter of 2012. Net income increased 23.0% to $24.6 million for the quarter ended June 30, 2013, compared to net income of $20.0 million for the same period last year. Operating revenues totaled $664.4 million, a decrease of 8.7%, compared to $728.1 million for the second quarter of 2012."


"For the quarter ended June 30, 2013, Frontier Airlines (2nd) (Denver) posted pre-tax income of $13.7 million, which is down slightly from $14.1 million of pre-tax income for the quarter ended June 30, 2012."

Republic Airways Holdings? second quarter net income increases 23% to $24.6 million, Frontier Airlines reports pre-tax 2Q income of $13.7 million | World Airline News
Reply