Republic Airways Holdings Inc. (NASDAQ: RJET) today announced that it has closed on the sale of Frontier Airlines to an investment fund affiliated with Indigo Partners LLC. Effective upon the closing of the sale, David Siegel, CEO and President of Frontier Airlines, resigned from Republic’s Board of Directors. “I wish my former colleagues at Frontier … Dowiedz się więcej
Republic Airways Holdings (NASDAQ/NM: RJET) today reported preliminary passenger traffic results for October 2013. The Company generated 1.7 billion revenue passenger miles (RPMs) in October, approximately the same as in October 2012. Available seat miles (ASMs) increased by 2% to 2.1 billion. Block hours were 8% greater than the same period in 2012. Consolidated load factor decreased slightly … Dowiedz się więcej
Republic Airways Holdings Inc. (NASDAQ/NM:RJET) today reported diluted earnings per share from continuing operations for the third quarter of 2013 of $0.09 as compared to$0.13 for the same period in the prior year. During the third quarter of 2013, the company recorded a non-cash impairment charge of $21.2 million, $13.0 million after-tax or $0.25 per diluted share, to reduce the carrying value of seven … Dowiedz się więcej
Republic Airways Holdings (NASDAQ: RJET) today reported preliminary passenger traffic results for September 2013. The Company generated 1.6 billion revenue passenger miles (RPMs) in September, on 2.0 billion available seat miles (ASMs), both approximately the same as in September 2012. Block hours were 5% greater than the same period in 2012. Consolidated load factor of 82% was unchanged … Dowiedz się więcej
Republic Airways Holdings Inc. today announced that it has entered into a definitive agreement to sell Frontier Airlines to an affiliate of Indigo Partners LLC in an all-cash transaction. Indigo Partners and its principals, led by managing partner William A. Franke, have a history of investing in airline transportation and related industries and creating successful, … Dowiedz się więcej
Republic Airways Holdings Inc. (NASDAQ/NM: RJET) today announced a two-week extension of exclusivity of the sale process for Frontier Airlines. The new deadline to enter into a definitive agreement will be September 30, 2013. “Sitting here today, we have made substantial progress towards reaching a definitive agreement with the buyer and, while we can make no assurances, we … Dowiedz się więcej