RAH announces 1st Quarter Earnings...
 

INDIANAPOLIS--(BUSINESS WIRE)--April 23, 2008--Republic Airways Holdings Inc. (NASDAQ: RJET) today reported operating revenues of $363.9 million for the quarter ended March 31, 2008, a 25.3% increase, compared to $290.4 million for the same period last year. The Company reported net income of $20.2 million for the quarter ended March 31, 2008, compared to $19.3 million reported in the prior year's first quarter. The Company also reported earnings per diluted share of $0.55, compared to $0.44 for the same period last year.

Money is always good

It's nice to see someone finally showing a profit during these troubled times.

Perhaps MESA management should take some notes from them on how it's supposed to be done. I hope they continue to make profit the rest of the year.

Me too!!! Because I would love to get a class date!

Well, nice to get some good news today. Now if we can figure out what to do with 17 planes and 100-some-odd pilots, we'll be set. :rolleyes:

It's easy to show a profit when: You don't buy your gas, Sell your tickets, and get paid only to take off and land, with or without people on board.

Very true. Too good to me true though.

There were a lot of us salivating at the idea that RAH was going to buy Mesa (that rumor circulated 2 different times last summer).

I would have gladly taken a hit in senority to have a more stable future.

I was this close to coming to RW in Feb, and a very tiny part of me still wishes I had.

Best of luck to you guys, I'm confident this is just a bump in the road for RW.

No it isn't. Mesa isn't doing it.

Kind of a harsh comment coming from a SKW dude.

Don't revel in the downfall of your closest competitor (for the best regional around).

That increase in profit year-to-year already includes some of the hit from losing the F9 flying as well.

Sounds like a pretty solid business plan, hey look we even made money. Huh :confused:

Wait...are we talking earnings, or profit??

I'm not trying to be harsh, the same thing is true at SKW. If we had to do all of those things, we would lose money be the truckload.

Hey... they said it was 12 planes. Are you sure it's 17?

12 active aircraft with 5 to be delivered from the Airways operation. So right now, we need immediate homes for 12 airplanes and crews. By the end of the year there will be 5 more that need homes.

Go back and reread the press release, 2007 10-K, and listen to the 1st Q FY08 conference call to see what options are in place for the Frontier aircraft and crews.

You are not correct on where the E170s where coming from and options for post Frontier.

12 aircraft operating for F9 are coming off the line. There were another 5 new aircraft that were supposed to be delievered at the the end of 2008. That's why you're hearing an interchange of 12 aircraft vs. 17 aircraft.

Actually I just read the 10K filing.... the 5 aircraft were to come from the E-170s coming offline the S5 Delta op..... It clearly states 16 E170s being replaced by 16 E175's .... 10 E-170s going to UAL express operations... and 5 going to Frontier ... with 1 left unallocated......

Now...that might conflict with what has been said... but it is clear as day in the 10K filing.

Thats what I was thinking.

Is there a difference.... not quite sure what you are questioning....??

Folks- let get realistic.

Why is RAH turning a profit?

Because they don't buy the fuel! Their codeshare partners do.

I'm strangely fine with that.

not unlike any other jet regional carrier today. Frankly I agree with Sharky. I suspect SKW will post a profit as well...... good for them.

And its not like companies like RAH, SKW, etc. dont take on risk..... hence the recent F9 debacle.

This bothers you why? That is the agreement with the majority of regionals. If airways can buy fuel at a lower price than we can, bulk alone would justify this, then why not have them just pay for fuel. After all they are basically wet leasing aircraft and crews. But that is our business model.

You act like nobody knows this....
The issue wasn't WHY are they making money :rolleyes:

I think the whole issue of the thread started with post #3 "It's nice to see someone finally showing a profit during these troubled times." RAH doesn't have to put up with revenue management of fuel cost and ticket sales. RAH does assume a risk as has been pointed out with the loss of Frontier. The difference is they will probably recieve a settlement from the BK judge which will probably more than offset the costs associated until the aircraft find a new home. BB latest memo made it clear RAH would not be venturing out on their own..which is obvious that he is well aware that there is no money to be made flying 70 seat aircraft (even with current crew and almost no mtc costs). As oil goes higher, mainline partners will be looking for ways to reduce the costs of their regional partners. RJs used to make money, but under a fee per departure agreement with the mainline carrier carrying the burden of fuel costs, it is a money losing situation. Hence why Frontier probably dumped RAH quickly; they saw a bottom line revenue drag. There may be big changes on the horizon with respect to regionals as mergers happen. Even the RAH earnings call broached the subject that their was uncertainty about future contracts if mergers happened, but they felt confident they could make something work (as any company would do do appease investors).