Republic Airlines, Inc. provides scheduled commercial passenger services. It operates a fleet of aircraft. The company was founded in 1979 and is based in Indianapolis, Indiana. Republic Airlines, Inc. operates as a subsidiary of Republic Airways Holdings Inc.
8909 Purdue Road
Indianapolis, IN 46268
Founded in 1979
Republic Airlines, Inc. Reports Earnings and Operating Results for the Fourth Quarter and Year Ended December 31, 2012
Feb 27 13
Republic Airlines, Inc. reported earnings and operating results for the fourth quarter and year ended December 31, 2012. For the quarter, the company's revenues decreased 8.9%, or $31.9 million to $327.4 million, compared to $359.3 million in the prior year's fourth quarter, due primarily to a decrease of $23.3 million in fuel reimbursement under Republic's fixed-fee agreements. Income before taxes was $24.1 million for the quarter, compared to pre-tax income of $23.3 million for the prior year's fourth quarter. GAAP income was $19.8 million compared with loss of $176.9 million a year ago.
For the year, the company' revenues decreased 10.2% to $1,377.4 million compared to $1,534.0 million a year ago. This was a result of a change in the mix of flying between pro-rate and fixed-fee operations and a $48.2 million reduction in fuel-related revenue under Republic's fixed-fee agreements. Pre-tax income improved nearly 31% to $69.5 million for the year, compared to $53.1 million for the prior year. GAAP income was $62.3 million compared with loss of $147.1 million a year ago.
For the quarter, the company's revenue passenger miles were 2,560 million compared with 2,474 million a year ago. Available seat miles were 3,294 million compared with 3,358 million a year ago. Passenger load factor were 77.7% compared with 73.7% a year ago. Passengers carried were 5,163,017 compared with 4,912,182 a year ago.
For the year, the company's revenue passenger miles were 10,120 million compared with 10,691 million a year ago. Available seat miles were 13,437 million compared with 14,449 million a year ago. Passenger load factor were 75.3% compared with 74.0% a year ago. Passengers carried were 20,112,289 compared with 20,773,219 a year ago.