RAH announces 2nd quarter results.....
 

Republic Airways Holdings Inc. (NASDAQ: RJET - News) 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 second quarter and earnings per diluted share was $0.64, compared to $0.46 for the same period last year.

At June 30, 2008 the Company had $145.9 million in cash and cash equivalents compared to $164.0 million as of December 31, 2007

Probably not good for negotiations since revenue outstripped income by 4.3%. They'll probabably claim that they need to get costs under control or some other line to stall things even more. The cash position is also decreasing...has there been any capital expenses other than aircraft for the first half?

RAH stock up substantially today ....last quote it was up 1.77 a share....

They did a stock repurchase in the quarter, that is probably why cash is down. However, they do not plan to do any more as they want to keep more in cash reserve.

Actually stock buy backs account for probably 100 million dollars or more in the past year and a half.