Frontier turnaround stokes Republic profits
The Indianapolis airline company earned $20 million in the second quarter after losing $14.9 million in the same quarter a year earlier.
The Indianapolis airline company earned $20 million in the second quarter after losing $14.9 million in the same quarter a year earlier.
The two sides are trying to replace a labor contract that became amendable in 2007.
Company pulls request to block Teamster website as union ramps up fight in its own lawsuit.
Performance varied widely as industries ebbed, flowed.
The CEO of feeder airline operator Republic Airways Holdings Inc. said on Wednesday that new Bombardier jets could be flown in the United States in a partnership with one of the big airline alliances.
Indianapolis-based airline holding company and its leader stir passions in city hit hard by Frontier cutbacks.
Frontier Airlines says it will cut 11 flights out of Milwaukee and put 125 workers on furlough effective June 1.
While turnaround plans at Frontier Airlines capture most of the attention, Republic Airways Holdings Inc. is also trying to revitalize its smaller Chautauqua Airlines unit.
Republic Airways Holdings Inc. on Wednesday reported higher revenue and a smaller loss in the first quarter compared to the same period a year ago.
Chautauqua Airlines Inc., Republic Airline Inc. and Shuttle America Inc. charge that a union-backed website is damaging their reputation and hindering efforts to hire pilots. Parent Republic Airways Holdings and the union are embroiled in contentious contract negotiations.
If the cost of aircraft fuel continues to approach $3.50 a gallon, 2012 fuel costs for the company's Frontier unit fuel will end up $40 million higher than the business plan.
Republic Airways Holdings Inc. plans to seek reduced rates from aircraft lessors and vendors in order to cut expenses at its Chautauqua Airlines, where higher fuel prices have made the unit’s smaller jets too costly to operate.
The Indianapolis-based company’s quarterly revenue increased 7.4 percent, to $697.8 million, primarily due to an 11-percent increase in revenue from the Frontier unit.
Republic Airways Holdings Inc. expects to transfer 230 crew members to other cities as it cuts flights by its Frontier Airlines unit in Milwaukee, where it will eliminate as many as 180 jobs.
Frontier Airlines will cut daily departures from Milwaukee by 44 percent to drop unprofitable flights as Indianapolis-based parent Republic Airways Holdings Inc. prepares to sell or spin off the carrier.
A $120 million restructuring that included job cuts and cost reductions has returned Frontier Airlines to profit, allowing Republic to move ahead with the separation.
The chief executive at Indianapolis-based Republic Airways Holdings Inc. says he's trying to make the airline's money-losing Frontier Airlines unit more like lower-cost rivals Spirit Airlines and Allegiant Travel Co.
Republic Airways Holdings Inc. has heard from potential buyers for Frontier Airlines and is close to naming an adviser on whether the unit will be sold or spun off to shareholders, CEO Bryan Bedford said.
The new CEO, David Siegel, is a former CEO of US Airways Group Inc. and Avis Budget Group. He has been serving as Republic Airways' lead director.
Indianapolis-based Republic Airways Holdings Inc. on Wednesday raised its outlook related to the performance of its Frontier Airlines service.