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-   -   Republic 1st quarter (https://www.airlinepilotforums.com/regional/50405-republic-1st-quarter.html)

Airdale 05-05-2010 06:52 AM

We're all doomed!!!!!!!1!111111!!!!!!!!1!

TillerEnvy 05-05-2010 07:10 AM

I wonder if anybody here has actually looked deep at the reports to see that almost all of the loss was from the returns of the CRJ's and the Q's...??

Doubt it. Carry on.

CHQ Pilot 05-05-2010 07:21 AM


Originally Posted by TillerEnvy (Post 806696)
I wonder if anybody here has actually looked deep at the reports to see that almost all of the loss was from the returns of the CRJ's and the Q's...??

Doubt it. Carry on.

I could see how a portion of the GAAP 70M loss on the branded side could be attributed to the Qs, but I don't see how the CRJs would play into that side on the breakdown.

After looking at the numbers, RAH reported only a 13.1M expense related to both integration of the branded business AND the return of Q400 and CRJ aircraft. It was a seperate expense and not included in the 70M loss on the branded side. The fixed fee to bring in 14.3M in income.

Vegaspilot 05-05-2010 07:36 AM


Originally Posted by TillerEnvy (Post 806696)
I wonder if anybody here has actually looked deep at the reports to see that almost all of the loss was from the returns of the CRJ's and the Q's...??

Doubt it. Carry on.

Returning the Qs was/is a dumb move...IMO. And not just because I flew them.

PSACFI 05-05-2010 07:42 AM


Originally Posted by TillerEnvy (Post 806696)
I wonder if anybody here has actually looked deep at the reports to see that almost all of the loss was from the returns of the CRJ's and the Q's...??

Doubt it. Carry on.

I looked a little closer

There were two one time charges, $11.5 million for the branded side and $13.3 million for returning aircraft (both the Qs and CRJs). Taking that into account branded operations still lost over $40 million.

BB also claimed $7.5 million negative weather affect but I wouldn't call that a "one time charge" because Denver will always have weather issues, it'll just vary year to year.

Though to be fair the $13.3 million should be split between both branded (Q-400s) and the FFD side (CRJs)

CHQ Pilot 05-05-2010 07:58 AM


Originally Posted by PSACFI (Post 806723)
Though to be fair the $13.3 million should be split between both branded (Q-400s) and the FFD side (CRJs)

RAH broke down the charges between fixed fee and branded on what I read. The cost does involve integration charges, so it is hard to know exactly what the cost was associated with the return of the aircraft.

Fixed Fee took a charge of 2.0M
Branded Took a charge of 11.1M

The number RAH gave for GAAP loss on the branded ops was 70.5M. I would have to look at previous reportings a little more closely, but RAH may have claimed the expense of integration and the withdrawl of aircraft on a previous earnings. In loose terms, since those deals never reached a depreciation of what they expected, they must now claim the difference as income. It works a little better for this quarter (overall less net loss), but the company cannot double claim the expense to lessen the tax burden.

PSACFI 05-05-2010 08:33 AM


Originally Posted by CHQ Pilot (Post 806745)
RAH broke down the charges between fixed fee and branded on what I read. The cost does involve integration charges, so it is hard to know exactly what the cost was associated with the return of the aircraft.

Fixed Fee took a charge of 2.0M
Branded Took a charge of 11.1M

The number RAH gave for GAAP loss on the branded ops was 70.5M. I would have to look at previous reportings a little more closely, but RAH may have claimed the expense of integration and the withdrawl of aircraft on a previous earnings. In loose terms, since those deals never reached a depreciation of what they expected, they must now claim the difference as income. It works a little better for this quarter (overall less net loss), but the company cannot double claim the expense to lessen the tax burden.

That makes sense

Overall, no need to panic. 3rd and 4th qtrs will be the telling ones.

rjboy 05-05-2010 08:51 AM

man you guys are just chomping at the bit to see us fail. amazing


Originally Posted by mking84 (Post 806664)
YES SIR!!!!!!!!!!!!!!!!!!!!!!!!!!

Its not amazing and its nothing personal. If you guys start doing really well while flying 99 seats for 35$ per hour that hurts everyone else's ability to negotiate decent rates on domestic flying. If/when you guys start getting paid something near or north of industry average for your equipment we'll all be much more supportive.

mking84 05-05-2010 09:26 AM


Originally Posted by rjboy (Post 806799)
man you guys are just chomping at the bit to see us fail. amazing



Its not amazing and its nothing personal. If you guys start doing really well while flying 99 seats for 35$ per hour that hurts everyone else's ability to negotiate decent rates on domestic flying. If/when you guys start getting paid something near or north of industry average for your equipment we'll all be much more supportive.

I dont work for them man. I think they will fail. :)

Holy Toledo 05-05-2010 09:58 AM


Originally Posted by mking84 (Post 806827)
I dont work for them man. I think they will fail. :)

Fail like ExpressJet branded?

Please tell us your predictions oh great omnipitent 25 year old regional FO.

While you're at it, what are the Powerball numbers for next week?


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