Acquisition hurts Republic Airways profits
Republic Airways reported a much smaller third-quarter profit as Midwest Airlines, purchased on July 31, lost money right
away.
Republic Airways reported a much smaller third-quarter profit as Midwest Airlines, purchased on July 31, lost money right
away.
Indianapolis-based Republic Airways Holdings Inc. said Wednesday it will buy 10 regional jets from US Airways and add them
to the fleet over the next nine months.
Frontier Airlines emerged from bankruptcy protection on Thursday, under new ownership but still facing a tough competitive
situation at its Denver base.
Frontier Airlines is set to exit bankruptcy protection on Thursday as part of Republic Airways, which seems determined
to run an efficient airline even if it ruffles some feathers in the process.
An official with a flight attendants’ group says Midwest Airlines will be laying off 120 pilots and flight attendants by Dec.
1, along with about 50 other employees.
Frontier Airlines Holdings Inc. said on Monday it will close its reservations center in Las Cruces, N.M., where 118 people
work.
Locally based Republic Airways Holdings, which earlier this month said it could move up to 400 jobs gained through its
Frontier Airlines acquisition to Indianapolis or Milwaukee, has hinted it may move nearly twice that number to its headquarters
city.
The mammoth facility near Indianapolis International Airport now employs as many people as it did when United Airlines abandoned it
six years ago, but its new tenants are contending with struggles of their own.
Frontier Airlines Holdings Inc. said yesterday that creditors have approved its bankruptcy reorganization plan, including
its planned purchase by Republic Airways.
Republic Airways Holdings Inc. is nearing judgment day in its battle with Southwest Airlines Co. for ownership of Frontier
Airlines Holdings Inc.
Southwest Airlines Co. said today it’s bidding $170 million to buy Frontier Airlines Holdings Inc. out of bankruptcy protection,
surpassing an earlier bid of $108.8 million by Indianapolis-based Republic Airways Holdings Inc.
Indianapolis-based Republic Airways Holdings Inc. and Southwest Airlines Co. will battle it out in a bankruptcy court auction
today for the rights to acquire Denver-based Frontier Airlines Holdings Inc.
Republic Airways Holdings won the bankruptcy court auction for Frontier Airlines today, buying the Denver-based carrier
for almost $108.8 million after rival Southwest Airlines Co.’s bid was rejected.
Passengers at Indianapolis International Airport are spending less time on the ground since the opening of the new midfield
terminal.
Clark talks to IBJ about how the airport can increase revenue by diversifying its sources of income. The airport can’t rely
on higher passenger counts to boost its bottom line.
Southwest Airlines Co.’s bid for Denver-based Frontier Airlines Holdings Inc. may have hit turbulence, according to the Dallas
Morning News.
By purchasing two struggling airlines for which it flies, Republic Airways Holdings is taking aboard substantial risks that
threaten its profitable niche, analysts say. Frontier Airlines and Midwest Airlines are not only leaking money, but fly at
an altitude where major carriers routinely dogfight
in a fare war Republic hasn’t had to fight as a contract carrier.
If you happen to fly US Airways this summer, take a minute to read the in-flight magazine while you wait for your coffee,
tea or milk. US Airways Magazine will feature a story in its August issue that touts Indianapolis.
The U.S. Department of Transportation has denied a request by Republic Airways Holdings to continue keeping financial data on two of its airlines confidential. It’s a practice the CEO of JetBlue Airways called “gaming” of DOT rules.
Any hopes that hometown airline ATA would make a comeback and eventually resume scheduled service from Indianapolis were dashed
April 2, when it filed for bankruptcy and ceased operations.