Republic 1st quarter
05-05-2010 | 07:21 AM
#13
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From: FO
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.
Last edited by CHQ Pilot; 05-05-2010 at 07:38 AM.
05-05-2010 | 07:36 AM
#14
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05-05-2010 | 07:42 AM
#15
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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)
05-05-2010 | 07:58 AM
#16
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From: FO
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.
05-05-2010 | 08:33 AM
#17
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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.
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.
Overall, no need to panic. 3rd and 4th qtrs will be the telling ones.
05-05-2010 | 08:51 AM
#18
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From: CRJ CA
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.
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.
05-05-2010 | 09:26 AM
#19
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From: EMB 145 FO
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.
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.
05-05-2010 | 09:58 AM
#20
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