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First quarter results announced by Republic Airways Holdings
Airline Industry Information, April 24, 2008
AIRLINE INDUSTRY INFORMATION-(C)1997-2008 M2 COMMUNICATIONS LTD
Financial results for the first quarter of 2008 have been announced by Republic Airways Holdings Inc (NASDAQ:RJET).
The airline reported operating revenues of USD363.9m for the quarter ended 31 March 2008, showing a 25.3% increase as compared to USD290.4m for the same period last year.
Net income for the quarter was USD20.2m, as compared to USD19.3m in the same quarter of the prior year. Earnings per diluted share for the period totalled USD0.55, as compared to USD0.44 for the same period last year.
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Total operating expenses for the first quarter of 2008, including interest expense but excluding fuel charges, increased approximately 27.2% from USD194.1m for the same quarter of 2007.
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COPYRIGHT 2008 Gale, Cengage Learning
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