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Tag Archives: Republic Airlines (2nd)

Republic Airlines to fly Embraer 175s as American Eagle from the Miami hub starting on October 2

Republic Airlines (2nd) (American Eagle) (Indianapolis) on October 2 will start operating Embraer 175s on American Eagle services from the Miami hub to Atlanta, Indianapolis, Jacksonville and Tallahassee. The E175s will replace existing Embraer ERJ 145 service per Airline Route.

Copyright Photo: Brian McDonough/AirlinersGallery.com. Republic’s Embraer ERJ 170-200LR (ERJ 175) N404YX (msn 17000367) completes its final turn on the river approach into Washington’s Reagan National Airport (DCA).

American Eagle-Republic: AG Slide Show

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Republic Airlines Embraer 170 veers off the runway into the grass at Kansas City while performing an engine run-up

Republic Airways Holdings logo

Republic Airlines (2nd) (part of the Republic Airways Holdings group) (US Airways Express) (Indianapolis) Embraer 170 veered off of the runway at Kansas City International Airport this morning around 4:30 a.m. and ended up into the adjacent grass area while performing an overnight engine maintenance run-up. The nose wheel ended up being wedged into a gully that created a slow and difficult  process to remove the aircraft. There were no injuries or apparent damage to the airliner.

Read the full report and video from KCTV Channel 5: CLICK HERE

Republic Airways Holdings reports first quarter net profit of $14 million

Republic Airways Holdings (Indianapolis) reported financial results for the first quarter of 2014. Key points include:

Republic’s pre-tax income from continuing operations was $22.8 million, or $0.42 per diluted share, an 18.1% increase over the March 2013 quarter. As of Dec. 31, 2013, Republic had a significant amount of federal net operating loss carry forwards and does not anticipate paying significant federal taxes for the next several years.

Republic’s net income for the March 2014 quarter was $14.0 million, or $0.26 per diluted share. This is a $13.7 million increase from the prior year. The March 2013 quarter was negatively impacted by $11.1 million of losses from discontinued operations at Frontier Airlines.

Republic canceled more than 12,400 flights during the first quarter of 2014, primarily because of severe weather in January and February of 2014. That was a 145% increase from the number of canceled flights compared to the first quarter of 2013. These cancellations negatively impacted the pre-tax financial results by about $7.0 million during the first quarter of 2014.

On February 11, 2014, Republic announced the early termination of its 44 to 50 seat fixed-fee agreements with United Airlines and American Airlines, which were scheduled to terminate in 2014. These agreements wind-down beginning in March 2014 through August 2014 and will result in the indefinite grounding of 27 small jet aircraft.

In the first quarter of 2014, Republic recorded an impairment of its owned Embraer ERJ 140 aircraft of $19.9 million and an $18.4 million gain on its Chautauqua restructuring asset. The Company also sold one Embraer ERJ 145 aircraft for a book gain of $1.8 million during the quarter. The net of these three items improved pre-tax earnings by $0.3 million.

On April 4, 2014, Republic announced that members of the International Brotherhood of Teamsters (IBT) Local 357 failed to ratify a proposed four-year pilot labor agreement. The agreement would have significantly improved pay and work rules for our pilots.

On April 7, 2014, Republic’s Board of Directors authorized management to utilize up to $75 million of unrestricted cash to buy back common shares and/or early retire convertible debt during the next 12 months. Under the $75 million authorization, Republic may repurchase up to $50 million of common shares and early retire up to $50 million of convertible notes, or any combination thereof.

On April 7, 2014, Republic redeemed a $22.3 million convertible note, leaving $52.7 million remaining on the share repurchase and convertible debt retirement authorization. This will reduce the Company’s dilutive share count by about 2.2 million shares going forward.

“I am pleased we were able to report improved first quarter financial results despite the most severe weather events in a single quarter I can recall in my 27 years of experience in the airline industry. Our results demonstrate the stability and strength within our core fixed-fee business,” said Republic Airways Holdings Chairman, President and CEO Bryan Bedford. “We are committed to our guiding principles and strengthening our brand reliability and product quality for our partners, shareholders and employees,” Bedford said.

Republic Airways Holdings, based in Indianapolis, Indiana, is an airline holding company that owns Chautauqua Airlines, Republic Airlines (2nd) and Shuttle America.

Copyright Photo: Bruce Drum/AirlinersGallery.com. Embraer ERJ 170-100SU N806MD (msn 170000019), as a spare aircraft, completes its Republic Airlines (2nd) flight into Charlotte.

Combined Route Map:

Republic Airways Holdings 5.2014 Route Map

Republic Airways (Republic Airlines): AG Slide Show

Republic Airways Holdings’ pilots reject the proposed tentative contract

Republic Airways Holdings‘ (Indianapolis) over 2,200 pilots of subsidiaries Chautauqua Airlines, Republic Airlines (2nd) and Shuttle America have rejected by a 85-15 percent vote the tentative agreement with management.

According to ALPA, “While their Tentative Agreement contained some substantial contract improvements, including pay increases, it did not meet their pilots’ demands. After 7 years of negotiations, the pilots clearly felt that they deserved pay and benefits commensurate with their positions as professional air line pilots and the value they bring to the company. Also of note is that the negotiated TA only touched four areas of the contract and did not address many areas of pilot interest.”

In addition, Teamsters Local 357 Executive Board issued this statement to the pilots: “In rejecting the TA, the pilot group has stated clearly its demand that Republic must do better in establishing acceptable terms for a new agreement. The Company cannot ignore the pilots’ demands without risking the continued deterioration of its operation which drove it back to the bargaining table last year.”

In return, the company, Republic Airways Holdings issued this statement:

Republic Airways Holdings announced on April 4 that members of the International Brotherhood of Teamsters (IBT) Local 357 failed to ratify a proposed four-year pilot labor agreement.

IBT Local 357 represents more than 2,200 pilots for Republic’s sister companies Chautauqua Airlines, Republic Airlines and Shuttle America.

“We are extremely disappointed that the union’s membership failed to ratify the tentative agreement that was reached in mid-February. At a time when other regional airlines have been negotiating concessionary agreements for their pilots, we were able to reach an industry-leading contract that significantly improved pay and work rules for our pilots to vote upon,” said Republic Airways Executive Vice President and Chief Operating Officer Wayne Heller. “Despite the outcome of this vote, Republic remains committed to providing the safest, most reliable flight service for our legacy airline partners.”

The proposed contract included increases in pay that would have placed Republic pilots at or near the top of its regional airline peers. It also included improvements in quality of life enhancements and more flexibility in scheduling, as well as a significant signing bonus if it had been ratified.

Republic Airways Chairman, President and Chief Executive Officer Bryan Bedford said, “I am disappointed with the results of the IBT Pilot vote as I believe that the Tentative Agreement we reached with the IBT was in the best interest of our Pilots and an important step forward for our Company. We will work with the IBT to determine our next steps.”

Republic Airways Holdings, based in Indianapolis, Indiana, is an airline holding company that owns Chautauqua Airlines, Republic Airlines and Shuttle America, collectively “the airlines.” The airlines operate a combined fleet of about 250 aircraft and offer scheduled passenger service on over 1,350 flights daily to about 110 cities in the U.S., Canada and the Bahamas through fixed-fee flights operated under our major airline partner brands, including American Eagle, Delta Connection, United Express, and US Airways Express. The airlines currently employ about 6,300 aviation professionals.

As a result, Republic has delayed a decision on its order for 40 Bombardier CSeries aircraft. The order is not cancelled but it is pending according to Bedford after this vote.

Copyright Photo: Tony Storck/AirlinersGallery.com. Formerly operated in Frontier Airlines colors, Embraer ERJ 190-100 IGW N163HQ (msn 19000255) is now painted in the Republic Airways house colors and operated by Republic Airlines (2nd).

Republic Airways-Republic Airlines: AG Slide Show

Republic Airways Holdings logo

The combined route map of Chautauqua Airlines, Republic Airlines (2nd) and Shuttle America:

Chautauqua-Republic-Shuttle America 4.2014 Route Map

Pilots, represented by the Teamsters, and Republic Airways Holdings reach a tentative agreement

Republic Airways Holdings (Indianapolis) and the Teamsters Airline Division have announced they have reached a tentative agreement on a new four-year contract. The more than 2,200 pilots of Republic are represented by Teamsters Local 357 in Plainfield, Indiana and fly for the Republic’s subsidiaries, namely Chautauqua Airlines, Republic Airlines (2nd) and Shuttle America.

The tentative agreement includes increases in pay that will place Republic pilots at or near the top of its regional airline peers. It also includes improvements in work rules, quality of life enhancements and more flexibility in scheduling as well as a significant signing bonus if ratified.

Bryan Bedford, Chairman, President and Chief Executive Officer of Republic Airways offered comment in a press release today.

“At a time when many of our competitors are moving in the opposite direction on pilot compensation, we are thrilled that Republic is able to significantly improve the wages and benefits of the more than 2,200 women and men who safely fly more than 1,300 daily scheduled flights for our major airline partners,” Bedford said.

“This TA reflects the dedication and hard work of the union and the company’s negotiating committees,” said Republic Airways Executive Vice President and Chief Operating Officer Wayne Heller. “We thank the union representatives for their professionalism and commitment in reaching this agreement.”

The agreement will be presented to union members for review and a formal ratification vote, which is expected in March.

Copyright Photo: Keith Burton/AirlinersGallery.com. Shuttle America’s Embraer ERJ 170-200LR (ERJ 175) N202JQ (msn 17000240) operating as a Delta Connection carrier taxies at Boston’s Logan International Airport.

Delta Connection-Shuttle America: AG Slide Show

Republic Airways Holdings to ground 27 regional jets due to a pilot shortage, Bloomberg Businessweek takes a look at the issue

Bloomberg Businessweek has taken a look at how the pilot shortage issue is affecting small carriers and how the low pay issue is making it worse.

Related to this, Republic Airways Holdings (Indianapolis), which owns regional carriers Chautauqua Airlines and Republic Airlines (2nd), today stated in a federal filing that it is no longer seeking lease extensions for 27 of 41 Embraer 50-seat regional jets. The holding company cited a “significant reduction” in pilots who meet the new U.S. experience rules according to Reuters.

Republic added that it will retire 27 50-seat regional jets this year

Read the full Bloomberg Businessweek article: CLICK HERE

Read the report by Reuters: CLICK HERE

Copyright Photo: Bruce Drum/AirlinersGallery.com. Chautauqua Airlines’ Embraer ERJ 145LR (EMB-145LR) N298SK (msn 145508) operating as an US Airways Express carrier departs from the Charlotte hub.

US Airways Express-Chautauqua Airlines: AG Slide Show

American orders 30 Bombardier CRJ900s to be operated by PSA Airlines and 60 Embraer ERJ 175s

American Airlines (Dallas/Fort Worth), a wholly owned subsidiary of American Airlines Group Inc., announced today that it has signed agreements with Bombardier Inc. and Embraer S.A. to purchase 90 new 76-seat regional jets. Consistent with American’s Plan of Reorganization and Merger Agreement, these aircraft will provide much improved economics for the airline as they will replace smaller, less efficient 50-seat regional aircraft scheduled for retirement.

American has firm orders for 30 Bombardier CRJ900 NextGen aircraft, with options for up to 40 more. The CRJ900s will have 12 First Class, 32 Main Cabin Extra and 32 Main Cabin seats, and the firm order of CRJ900 aircraft will be operated on behalf of American by PSA Airlines, Inc. (2nd) (Dayton), a wholly owned subsidiary of US Airways. American expects to begin taking delivery of the CRJ900s in the second quarter of 2014.

American also has firm orders for 60 Embraer ERJ 175 type aircraft with options for up to 90 more. They will feature 12 First Class, 20 Main Cabin Extra and 44 Main Cabin seats, and American expects to begin taking delivery in the first quarter of 2015. The company will determine which regional carrier will fly the E175s at a later date. Both the CRJ900 and the E175 will fly in the American Eagle livery.

Both the CRJ900 and the E175 are powered by General Electric CF34-8 engines. “GE Aviation has enjoyed a strong relationship with American Airlines and US Airways. We are thrilled to be part of the fleet renewal program underway following the merger,” said Allen Paxson, general manager of the Regional Engines and Services at GE Aviation.

The pilots of PSA Airlines, represented by ALPA, issued this statement on this news:

“The pilots of PSA Airlines, a wholly owned subsidiary of US Airways, welcome the news of American Airlines’ purchase of 30 CRJ900s as an important and exciting step forward for PSA. This firm order fulfills the pledge made to us in a letter of commitment our pilots ratified in September.

“When PSA pilots voted on our new contract in March, and on subsequent agreements, we had to make some difficult decisions. As a result, we preserved core provisions in our contract and improved pilots’ job security here at PSA and career progression to our mainline partner. Today’s announcement of a new aircraft order, coupled with our first scheduled seniority-based interviews at US Airways, prove that our tough decisions have borne fruit.

“While we acknowledge that the planned delivery schedule of these new aircraft is ambitious, the pilots of PSA stand ready to work with our managements to protect and improve our airline and our futures as an integral part of the new American Airlines.”

Copyright Photo: TMK Photography/AirlinersGallery.com. Republic Airlines (2nd) currently is the only Embraer ERJ 175 operator for American Airlines. ERJ 170-200LR (ERJ 175) N401YX (msn 17000363) taxies at Toronto (Pearson).

American Airlines: AG Slide Show

US Airways Express-PSA Airlines: AG Slide Show

American Eagle-Republic: AG Slide Show

Republic Airways Holdings reports on its third quarter performance, will stop operating Embraer 190s for Frontier

Republic Airways Holdings Inc. (Indianapolis) 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 owned Embraer ERJ 190 aircraft and write-off the maintenance deposits on three leased ERJ 190 aircraft. Income from continuing operations was $4.3 million compared to $6.3 million for the same period last year. Excluding the ERJ 190 impairment charge, pre-tax income from continuing operations was $26.6 million, resulting in an adjusted pre-tax margin from continuing operations of 7.9%. Operating revenues totaled $338.6 million, an increase of 0.4%, compared to $337.4 million for the third quarter of 2012.

The company classified its Frontier business as discontinued operations due to the expected sale during the fourth quarter of 2013. Unless otherwise specified, all financial information disclosed in this release is from continuing operations.

On October 1, 2013, the company reported that it had agreed to sell its Frontier business to an affiliate of Indigo Partners LLC (Indigo). Indigo will acquire all the outstanding shares of Frontier Airlines Holdings, Inc. As part of the transaction, under a separate agreement, Republic will assign to Frontier all of Republic’s rights under agreements relating to the Republic’s Airbus A320neo order. The transaction is subject to receipt of certain third-party consents and releases and other customary closing conditions.

On November 6, 2013, Indigo informed the company that it had satisfied or waived certain key conditions to close under the transaction. The company expects the transaction to close later this month.

For additional information on the divestiture of Frontier, please see the company’s separate news release dated October 1, 2013 and a separate filing with the U.S. Securities and Exchange Commission on Form 8-K filed on October 7, 2013.

“The sale of Frontier will allow our management team to re-focus on our core business,” said Republic Airways Chairman, President and Chief Executive Officer Bryan Bedford. “We continue to be excited about the growth opportunities for our fixed-fee business and are focused on providing safe, reliable and low-cost solutions to each of our airline partner brands, including American Eagle, Delta Connection, United Express and US Airways Express,” said Bedford.

Third Quarter Review

Operating Revenue Highlights

Total operating revenues increased $1.2 million, or 0.4%, from the third quarter of 2012 to $338.6 million in the third quarter of 2013. Fixed-fee service revenue increased $51.6 million, or 19.2%, to $320.3 million due to an increase in Bombardier DHC-8-402 (Q400) flying with United Airlines, new fixed-fee ERJ 190 charter flying and new ERJ 175 flying with American Airlines. Passenger service revenue decreased $50.5 million due to a significant reduction in the number of ERJ 190 aircraft operating under our pro-rate agreement with Frontier.

Operating Expense Highlights

Fuel costs for Republic decreased $14.1 million to $11.3 million for the quarter, due to a 4.7 million decrease in gallons consumed due to the reduced ERJ 190 pro-rate operations. The fuel cost per gallon, including into-plane taxes and fees, increased to $3.55 per gallon in the third quarter of 2013, compared to $3.21 per gallon in the prior year’s third quarter. The fuel cost per gallon related to our fixed-fee charter agreement is generally higher than our pro-rate operations with Frontier and is treated as a pass through cost under the agreement.

Landing fees and airport rents decreased $6.6 million to $7.9 million for the quarter. Beginning in June 2013, landing fee expense and the related pass-through reimbursement revenue were lower due to United paying airports directly for its associated landing fee costs.

At September 30, 2013, the company had a fleet of ten ERJ 190 aircraft, of which three were leased and seven were owned. Five of the aircraft operate within the fixed-fee charter agreement and the remainder were operating under the pro-rate agreement with Frontier. The company is working to sell, sublease or otherwise place into fixed-fee charter service the five aircraft operating in pro-rate service. During the third quarter of 2013, we recorded a non-cash impairment charge of $21.2 million to reduce the carrying value of our owned E190 aircraft and expensed the deferred maintenance deposits on the leased ERJ 190 aircraft.

Discontinued Operations

Income from discontinued operations, net of tax, increased 52.8% from $19.5 million in the third quarter of 2012 to $29.8 million in this quarter. The improvement is primarily due to Frontier TRASM increasing 6.6% over the prior period and lower fuel costs. The loss on disposal of discontinued operations, net of tax, is currently estimated to be $47.9 million. This estimate will adjust in future periods based on the actual results of the discontinued operations and the closing date of the transaction.

Fleet Highlights

As of September 30, 2013, Republic operated a fleet of 235 aircraft. Within our fixed-fee commercial and charter agreements, we operated 68 aircraft with 44-50 seats and 162 aircraft with 69-99 seats. In addition, we operated five 99-seat aircraft under the pro-rate agreement with Frontier, down from seventeen 99-seat aircraft operated in pro-rate service during the third quarter of 2012.

During the quarter the company took delivery of nine ERJ 175 aircraft operating under its American Airlines capacity purchase agreement and expects to take delivery of an additional ten ERJ 175 aircraft by the end of 2013.

Balance Sheet and Liquidity

The company’s total cash balance decreased $6.3 million to $224.1 million as of September 30, 2013, compared to December 31, 2012. Restricted cash increased $12.6 million, to $32.2 million, from December 31, 2012 due to the escrow requirements under our fixed-fee charter agreements. The Company’s unrestricted cash balance decreased $18.9 million, to $191.9 million, from December 31, 2012. A condensed consolidated balance sheet and cash flow statement have been included in the tables section of this release.

The Company’s debt increased to $2.00 billion as of September 30, 2013, compared to $1.97 billion at December 31, 2012, primarily related to the financing of ERJ 175 aircraft for the American Airlines fixed-fee agreement. As of September 30, 2013, approximately 95% of our debt is at a fixed interest rate. The Company has significant long-term lease obligations for aircraft that are classified as operating leases and are not reflected as liabilities on the Company’s consolidated balance sheet. At a 6% discount factor, the present value of these lease obligations was approximately $0.5 billion and $0.6 billion as of September 30, 2013, and December 31, 2012, respectively.

At September 30, 2013 the company had assets held for sale of $594.8 million and liabilities held for sale of $517.8 million. The $77.0 million of value in net assets held for sale represents the estimated cash proceeds from the sale of Frontier. These amounts will adjust in future periods based on the actual results of discontinued operations and the closing date of the transaction.

Copyright Photo: TMK Photography/AirlinersGallery.com. Republic Airlines (2nd) is now only operating five 99-seat Embraer ERJ 190s for Frontier Airlines (down from 17) under the pro-rate agreement. Once the sale of Frontier to Indigo is completed, Republic will relocate these five aircraft to other areas. Frontier will only operate Airbus aircraft under Indigo. The pictured Republic Airlines (2nd) Embraer ERJ 190-100 IGW N164HQ (msn 19000275) with a Hummingbird on the tail taxies at Toronto (Pearson).

Frontier Airlines-Republic Airlines (2nd): AG Slide Show

Republic Airlines starts operating Embraer ERJ 175s as an American Eagle carrier today

AMERICAN AIRLINES E-175

American Airlines (Dallas/Fort Worth) today (August 1) launched new service with 76-seat Embraer ERJ 175 large regional aircraft. According to the airline, the launch “marks an important step in the airline’s plan to diversify its regional fleet.” Announced earlier this year as part of a 12-year capacity purchase agreement with Republic Airways Holdings, the aircraft will allow American to better match customer demand in markets where, until today, it could only offer larger mainline aircraft or smaller regional jets.

The Embraer ERJ 175 jets will be branded with the new American Eagle livery and operated by Republic Airlines (2nd) (Indianapolis), a subsidiary of Republic Airways Holdings (Indianapolis).

Beginning today, the aircraft will fly from Chicago O’Hare International Airport (ORD) to Albuquerque International Sunport (ABQ), Louis Armstrong New Orleans International Airport (MSY) and Pittsburgh International Airport (PIT). American will expand its ERJ 175 service as additional aircraft are phased into operation. This will be done at a rate of approximately two to three aircraft per month, with 47 ERJ 175s expected to be in service by the first quarter of 2015.

American’s ERJ 175s feature a two-class configuration with 12 First Class seats and 64 Main Cabin seats, including 20 with Main Cabin Extra (MCE). The ERJ 175 has the largest First Class cabin in American’s regional fleet and is the first to feature Main Cabin Extra seating, offering customers more legroom and priority boarding. The aircraft also features modern cabin elements including full-size overhead bins, spacious lavatories, leather seating and adjustable headrests.

Republic Airways, a longtime partner of American Airlines and the largest operator of large Embraer jets, currently operates regional jet service for American in Chicago with 15 Embraer ERJ 140 aircraft through its Chautauqua Airlines subsidiary.

American’s fleet plan calls for the transitioning out of smaller regional aircraft such as ATR 72s and ERJ 135s by the end of 2013. Deploying large regional jets such as the ERJ 175 allows American to more effectively compete by offering customers more choices with the right-size aircraft to match market demand.

The first ERJ 170-200LR (ERJ 175) for Republic Airlines for the American Eagle contract is N401YX (msn 17000363), handed over on July 15, 2013. It was followed by N402YX on July 18 and N403YX on July 23.

Copyright Photo: PRNewsFoto/American Airlines.

American Airlines: AG Slide Show

Republic’s three flight attendants groups approve the new contract, may sell Frontier Airlines in the third quarter

Republic Airways Inc. (Republic Airways Holdings) (Indianapolis) has announced that flight attendants for its three regional carriers have approved a new five-year labor contract. The ratification vote concluded on July 29 with flight attendants from Chautauqua Airlines, Republic Airlines (2nd) and Shuttle America voting in favor of the agreement.

The new contract includes increases in pay, improvements in quality of life and more flexibility in scheduling. The new agreement becomes amendable on July 29, 2018.

In other news, Republic has entered into a preliminary agreement with an undisclosed potential buyer of Frontier Airlines (2nd) (Denver). Should the deal be finalized, the sale could be closed in the third quarter according to CEO Bryan Bedford.

Read the full story from the Denver Post: CLICK HERE

Copyright Photo: TMK Photography/AirlinersGallery.com. Set against the moon, Republic Airlines’ (2nd) Embraer ERJ 190-100 IGW N164HQ (msn 19000275) (Hummingbird) arrives at Toronto (Pearson). The 99-seat Republic ERJ 190s are expected to leave the Frontier contract in the third quarter of 2013.

Frontier Airlines (2nd)-Republic Airlines (2nd): AG Slide Show

Republic Airways Holdings’ second quarter net income increases 23% to $24.6 million, Frontier Airlines reports pre-tax 2Q income of $13.7 million

Republic Airways Holdings Inc. (Republic Airlines 2nd) (Indianapolis) reported diluted earnings per share of $0.46, which is a 15.0% increase from the $0.40 per diluted share result in the second quarter of 2012. Net income increased 23.0% to $24.6 million for the quarter ended June 30, 2013, compared to net income of $20.0 million for the same period last year. Operating revenues totaled $664.4 million, a decrease of 8.7%, compared to $728.1 million for the second quarter of 2012.

“We are pleased to report improved financial results for the second quarter, driven primarily by the year over year improvement in our small regional jet operations at Chautauqua,” said Republic Chairman, President and CEO Bryan Bedford. “Our process to sell Frontier continues and I am very pleased that we were able to reach tentative labor agreements with both our Flight Dispatchers and Flight Attendants, which remain subject to membership ratification. I am thankful for the continued professionalism and dedication of my 10,000 co-workers on behalf of our passengers.”

Republic Segment Summary

Republic’s pre-tax income improved 45.8% to $27.7 million from $19.0 million in the prior year’s second quarter, due mainly to the redeployment of idled 50-seat aircraft and the successful completion of our Chautauqua restructuring efforts in late 2012.

Total Republic revenues decreased $20.6 million, or 5.8%, from the second quarter of 2012 to $336.8 million in the second quarter of 2013. Fixed-fee service revenue increased $34.9 million, or 12.4%, to $316.9 million, despite the removal of fuel expense and related reimbursement on our United E170 fixed-fee agreement, which accounted for $25.1 million of revenues in the prior year’s second quarter. The majority of the increase in fixed-fee revenues relates to Republic’s Q400 agreement with United that began in the second half of 2012 and Republic’s E190 charter agreement, which began in January 2013. Republic passenger service revenue decreased $56.1 million due to a reduction of pro-rate operations with Frontier, as aircraft previously operating in pro-rate service were either transitioned to other fixed-fee agreements or sold.

Fuel costs for Republic decreased $42.3 million to $12.1 million for the quarter, due mainly to the removal of fuel expense on our United agreement as noted above. The fuel cost per gallon, including into-plane taxes and fees, increased to $3.34 per gallon in the second quarter of 2013, compared to $3.26 per gallon in the prior year’s second quarter. The fuel cost per gallon related to our fixed-fee charter agreement is generally higher than our pro-rate operations with Frontier and is treated as a pass through cost under the agreement.

As of June 30, 2013, Republic operated a fleet of 232 aircraft. Within our fixed-fee commercial and charter agreements, Republic operated 70 aircraft with 44-50 seats and 157 aircraft with 69-99 seats. In addition, Republic operated five 99-seat aircraft under the pro-rate agreement with Frontier, down from seventeen, 99-seat aircraft operated in pro-rate service during the second quarter of 2012.

The Company expects to take delivery of 18 Embraer ERJ 175 aircraft to operate under its American capacity purchase agreement by the end of 2013. Additionally, the Company expects to place into service the final six Q400 aircraft under its United capacity purchase agreement over the next two quarters.

Frontier Segment Summary

For the quarter ended June 30, 2013, Frontier Airlines (2nd) (Denver) posted pre-tax income of $13.7 million, which is down slightly from $14.1 million of pre-tax income for the quarter ended June 30, 2012.

Frontier’s capacity, as measured by available seat miles (ASMs), was down 10.1% from the prior year’s second quarter, as a result of operating fewer Airbus aircraft. Frontier’s total revenues decreased 11.6% to $327.6 million for the quarter, compared to $370.7 million for the same period in 2012. Total revenue per ASM (TRASM) decreased 1.6% to 11.98 cents in the second quarter of 2013 from 12.18 cents in the second quarter of 2012.

Fuel costs decreased from the prior year’s second quarter by $22.6 million to $114.2 million for the quarter. The fuel cost per gallon, including into-plane taxes and fees, decreased to $3.14 per gallon in the second quarter of 2013, compared to $3.35 per gallon in the prior year’s second quarter. The second quarter of 2013 results included a loss on fuel hedges of $1.7 million, or $0.05 per gallon.

The operating unit cost for Frontier, excluding fuel, was 7.27 cents per ASM for the second quarter of 2013, a 1.3% increase compared to 7.18 cents per ASM for the same quarter of 2012.

As of June 30, 2013, Frontier operated 52 Airbus aircraft, compared to 58 Airbus aircraft as of June 30, 2012. All six aircraft removed were returned to lessors.

Recent Business Developments

On June 17, 2013, the Company announced it had reached a tentative agreement (TA) on a new five-year contract with the Transportation Workers Union (TWU) Local 540 Dispatchers. This TA is currently being voted on by union membership and we expect the voting results on August 1, 2013.

On June 24, 2013, the Company announced it had reached a TA on a new five-year contract with the International Brotherhood of Teamsters (IBT) Local 135 Flight Attendants. This TA is currently being voted on by union membership and we expect the voting results on July 29, 2013.

On July 15, 2013, the Company announced that it had entered into an agreement with an affiliate of the Brazilian Development Bank (BNDES) for the financing of 47 Embraer E175 aircraft. These aircraft will provide service under the terms of the capacity purchase agreement with American Airlines announced in January. The first aircraft was delivered on July 15, 2013, and is scheduled to go into service with American on August 1, 2013.

Balance Sheet and Liquidity

The Company’s total cash balance increased $44.8 million to $439.1 million as of June 30, 2013, compared to December 31, 2012. Restricted cash increased $53.2 million, to $200.3 million, from December 31, 2012. The Company’s unrestricted cash balance decreased $8.4 million, to $238.8 million, from December 31, 2012. A condensed consolidated balance sheet and cash flow statement have been included in the tables section of this release.

The Company’s debt decreased to $1.98 billion as of June 30, 2013, compared to $2.12 billion at December 31, 2012. As of June 30, 2013, approximately 90% of the debt is at a fixed interest rate. The Company has significant long-term lease obligations for aircraft that are classified as operating leases and are not reflected as liabilities on the Company’s consolidated balance sheet. At a 6% discount factor, the present value of these lease obligations was approximately $0.9 billion and $1.0 billion as of June 30, 2013, and December 31, 2012, respectively.

Copyright Photo: Bruce Drum/AirlinersGallery.com. Republic Airways (Republic Airlines 2nd) Embraer ERJ 170-100SU N821MD (msn 17000042) departs from Fort Lauderdale-Hollywood International Airport.

Frontier Airlines (2nd): AG Slide Show

Republic Airways (Republic Airlines 2nd):

AG Slide Show

Republic Airlines to operate 53 Embraer 175s for American Airlines

Republic Airways Holdings Inc. (Indianapolis) today announced that it has reached an agreement with American Airlines to operate 53 Embraer ERJ 175 aircraft under the American Eagle brand. The Capacity Purchase Agreement (CPA) will be operated by the Company’s Republic Airlines (2nd) (Indianapolis) subsidiary, with service expected to start in June of 2013. The CPA is subject to approval by the Bankruptcy Court in the American Airlines bankruptcy proceedings.

Republic also signed an agreement with Embraer to purchase 47 new aircraft and lease a previously owned Embraer ERJ 175 jet aircraft, including the first deliveries of Embraer’s enhanced fuel performance aircraft. In addition, the Company will acquire five previously owned ERJ 175s from a third party.

The aircraft, which will seat 76 passengers in a two-class cabin, are expected to be phased into operation at approximately two to three aircraft per month beginning in mid-2013 through the first quarter of 2015. Each aircraft will operate under the CPA for 12 years from its in-service date, extending the term of the agreement into 2027.

Republic’s contract with Embraer also includes an option with delivery positions exercisable beginning in 2015, for the purchase of an additional 47 aircraft.

Copyright Photo: Brian McDonough. Wearing the Republic Airways house colors, Republic Airlines’ (2nd) Embraer ERJ 170-100SE N866RW (msn 17000129) prepares to land at Washington (Reagan National).

Subsidiary Chautauqua Airlines currently operates 15 Embraer ERJ 140 regional jets as an American Connection carrier. The ERJ 140s will be retired as well as the American Connection name.

Route Map for all of Republic Airways Holdings’ contract flying by all of its subsidiaries:

Please click on the map for the full-size view.

Please click on the map for the full-size view.

Republic Airways-Republic Airlines (2nd): AG Slide Show

Frontier Airlines to drop the Colorado Springs-Denver feeder route on March 2

Frontier Airlines (2nd) (Denver) is planning to eliminate the short Colorado Springs-Denver route on March 2 according to Airline Route. The feeder route is operated by Republic Airlines (2nd) Embraer ERJ 190-100s.

Copyright Photo: Brian McDonough. Embraer ERJ 190-100 IGW N176HQ (msn 19000461) with Scooter, the Mountain Goat, on the tail, arrives at Washington (Reagan National).

Frontier Airlines (2nd): AG Slide Show

Frontier Airlines-Republic Airlines: AG Slide Show

Republic Airways Holdings reports net income of $25.8 million

Republic Airways Holdings Inc. (Indianapolis) reported net income of $25.8 million, or $0.51 per diluted share, for the quarter ended September 30, 2012. This compares to net income of $9.0 million, or $0.18 per diluted share, for the same period last year. Operating revenues of $713.1 million, decreased 7.1%, compared to $767.9 million for last year’s third quarter, on a 5.7% decrease in consolidated capacity.

The Company reported the following key metrics for the third quarter and first nine months of 2012:

Three months ended September 30, Nine months ended September 30,
(Unaudited) 2012 2011 % Change 2012 2011 % Change
(in millions, except as noted)
Consolidated operating revenues $ 713.1 $ 767.9 -7.1 % $ 2,138.8 $ 2,166.7 -1.3 %
Consolidated ASMs 6,472 6,863 -5.7 % 19,234 19,936 -3.5 %
Consolidated operating margin 10.3 % 6.4 % 3.9 pts 7.5 % 2.8 % 4.7 pts
Consolidated net income $ 25.8 $ 9.0 186.7 % $ 38.7 $ (28.3 ) 236.7 %
Diluted Earnings per share (dollars) $ 0.51 $ 0.18 183.3 % $ 0.79 $ (0.59 ) 233.9 %
Consolidated EBITDAR $ 183.1 $ 166.6 9.9 % $ 490.2 $ 405.9 20.8 %
Consolidated EBITDAR margin 25.7 % 21.7 % 4.0 pts 22.9 % 18.7 % 4.2 pts
Frontier total revenue per ASM (cents) 12.33 11.70 5.4 % 11.98 11.22 6.8 %
Frontier operating income (loss) $ 31.1 $ 0.1 nm $ 26.4 $ (67.9 ) nm
Frontier operating margin 8.3 % 0.0 % 8.3 pts 2.4 % -6.8 % 9.2 pts

Business Segment Presentation

As announced in the fourth quarter of 2011, the Company has adjusted its presentation of business segments in 2012 and has revised the prior year’s information to conform to the current period segment presentation. Reportable segments now consist of Republic and Frontier. The Republic segment includes all regional flying performed by sub-100-seat aircraft operating under either fixed-fee or pro-rate agreements, subleasing activities, regional charter operations as well as the cost of any unassigned regional aircraft. The Frontier segment includes passenger service revenues and expenses for operating Frontier’s Airbus fleet, as well as its charter and cargo operations.

Republic Segment Summary

Republic revenues for the quarter decreased 14.9%, or $58.9 million, compared to the prior year’s third quarter, due primarily to a decrease of $29.3 million in fuel reimbursement under its fixed-fee agreements. Effective July 1, 2012, Republic no longer records fuel expense and does not recognize fuel-related pass-through revenue under any of its fixed-fee agreements. The remaining revenue decrease is due to lower block hour production on Republic, which decreased 3.7% from the prior year’s third quarter, due mainly to 50-seat aircraft that remained unassigned after being discontinued from pro-rate operations in Milwaukee.

Income before taxes for Republic was $12.6 million for the quarter, compared to a pre-tax income of $16.7 million for the third quarter of 2011. Pre-tax results on Republic were negatively impacted by $2.9 million, or 0.08 cents per ASM of other expenses comprised of a loss of $11.2 million associated with the sale of five E190 aircraft which was partially offset by an $8.3 million gain on the sale of slots.

Fuel costs for Republic were $25.4 million for the quarter, a decrease of $53.7 million from the prior year’s third quarter, due mainly to the removal of any fuel expense under fixed-fee agreements. The price per gallon decreased 4.2% from $3.35 to $3.21 year over year for the quarter. The Company has removed more than 20 aircraft from pro-rate operations over the last twelve months, which resulted in lower fuel consumption in the third quarter of 2012. The majority of these aircraft have been placed into fixed-fee service or subleased.

Cost per Available Seat Mile (“CASM”), including interest expense but excluding fuel, increased 7.3% to 8.74¢ for the third quarter of 2012, from 8.15¢ for the same quarter of 2011. The increase is mainly due to expenses for aircraft that were unassigned and not producing ASMs during the quarter, and reduced seat count on our 58 US Airways E-jets, which have been reconfigured with first class cabins and approximately 7% fewer seats.

As of September 30, 2012, Republic operated 63 aircraft with 44-50 seats and 131 aircraft with 69-80 seats to support its fixed-fee commercial agreements. Additionally, Republic operated one aircraft with 50 seats and 17 aircraft with 99 seats under pro-rate agreements with Frontier. Nine 37- to 76-seat aircraft remained unassigned as of September 30, 2012.

Frontier Segment Summary

Total Frontier revenues increased 1.1% to $375.7 million for the quarter, compared to $371.6 million for the same period in 2011. Capacity on Frontier, as measured by ASMs, decreased 4.0% from the prior year’s third quarter. Load factor for the third quarter was 91.6%, an increase of 0.8 points from the third quarter of 2011. Total revenue per ASM (“TRASM”) was 12.33¢ for the quarter, an increase of 5.4% from the same quarter in 2011.

For the quarter ended September 30, 2012, Frontier posted pre-tax income of $29.8 million compared to a pre-tax loss of $1.5 million for the quarter ended September 30, 2011. The significant improvement in Frontier’s financial results was driven by solid unit revenue increases and lower unit costs as a result of the network and financial restructuring completed in 2011.

The operating unit cost for Frontier, excluding fuel, was 6.86¢ for the quarter, a 3.1% decrease compared to 7.08¢ for the same quarter in 2011. Frontier’s unit cost for the third quarter of 2012 includes approximately 0.34¢ related to expenses associated with pro-rate operations between Republic and Frontier.

Fuel costs for Frontier were $135.4 million for the quarter, a decrease of $11.3 million from the prior year’s third quarter. The fuel cost per gallon, including into-plane taxes and fees, decreased 3.2% to $3.31 for the third quarter of 2012, compared to $3.42 for last year’s third quarter. The third quarter results include a benefit on fuel hedges of $1.6 million, or $0.04 per gallon, while the 2011 results include an expense of $5.0 million, or $0.12 per gallon. Frontier currently has approximately ten percent of its anticipated Airbus fuel consumption hedged through March 31, 2013.

As of September 30, 2012, Frontier operated a total of 57 Airbus aircraft versus 59 Airbus aircraft as of September 30, 2011. One A319 aircraft was removed from operations during the quarter to prepare the aircraft for return to the lessor during the fourth quarter.

Recent Business Developments

On July 25, 2012, the Company announced the sale of five E190 aircraft to US Airways. Three of the aircraft will be delivered in the fourth quarter of 2012, and the remaining two aircraft are planned for delivery in the first quarter of 2013.

On October 25, 2012, the Company announced it had entered into a multi-year charter contract to operate five E190 aircraft on behalf of Caesars Entertainment Operating Company. The aircraft are expected to go into charter service in January 2013 and will be sourced through a reduction in E190 pro-rate operations between Republic and Frontier.

On October 26, 2012, the Company amended its contract with Delta Air Lines to operate an additional seven 50-seat E145 aircraft under its existing capacity purchase agreement for a one-year period. All seven aircraft are expected to be in service before the end of 2012. The Company does not expect to have any unassigned aircraft by the end of 2012.

On October 29, 2012, the Company finalized restructuring agreements with several key stakeholders on its 50-seat regional jet program. The agreements, combined with other business improvement initiatives, are expected to improve the operating cash flow of the Company by approximately $45 million annually over the next five years. However, the Company is still in negotiations with several other critical stakeholders which are necessary to complete the comprehensive restructuring effort for Chautauqua Airlines.

Balance Sheet and Liquidity

The Company’s total cash balance increased $46.6 million to $417.3 million as of September 30, 2012, compared to December 31, 2011. Restricted cash increased $38.7 million, to $190.1 million, from December 31, 2011. The Company’s unrestricted cash balance increased $7.9 million, to $227.2 million, from December 31, 2011. A condensed cash flow statement has been provided in the tables section of this release.

The Company’s debt decreased to $2.20 billion as of September 30, 2012, compared to $2.36 billion at December 31, 2011. As of September 30, 2012, approximately 85% of the total debt is at a fixed interest rate. The Company has significant long-term lease obligations for aircraft that are classified as operating leases and are not reflected as liabilities on the Company’s consolidated balance sheet. At a 6.0% discount factor, the present value of these lease obligations was approximately $1.07 billion and $1.20 billion as of September 30, 2012 and December 31, 2011, respectively. A condensed balance sheet as of September 30, 2012 and December 31, 2011 has been provided in the tables section of this release.

Corporate Information

Republic Airways Holdings, based in Indianapolis, Indiana, is an airline holding company that owns Chautauqua Airlines, Frontier Airlines, Republic Airlines and Shuttle America, collectively “the airlines.” The airlines operate a combined fleet of more than 280 aircraft and offer scheduled passenger service on nearly 1,500 flights daily to over 135 cities in the U.S. as well as to the Bahamas, Canada, Costa Rica, Dominican Republic, Jamaica, Mexico and the Turks and Caicos islands under branded operations at Frontier, and through fixed-fee flights operated under airline partner brands, including AmericanConnection, Continental Express, Delta Connection, United Express, and US Airways Express. The airlines currently employ approximately 10,000 aviation professionals.

Copyright Photo: Brian McDonough. Operated in the Republic Airways in-house brand, Embraer ERJ 170-100SU N806MD (msn 17000019) pictured departing from Philadelphia, is actually operated by subsidiary Republic Airlines (2nd).

Republic Airways-Republic Airlines (2nd): 

Republic to operate five Embraer ERJ 190s for Caesars

Republic Airways Holdings Inc. (Indianapolis) and Caesars Entertainment Corporation (Las Vegas) has signed a three-year contract under which Republic’s Republic Airlines (2nd) (Indianapolis) subsidiary will operate five Embraer ERJ 190 aircraft to provide more than 1,500 flights annually for Caesars’ customers throughout the United States.

Copyright Photo: Michael B. Ing. Republic Airlines’ (2nd) Embraer ERJ 190-100 IGW N173HQ (msn 19000206) arrives at Los Angeles.

Republic Airways/Republic Airlines: 

Republic Airways Holdings hopes to increase its flying for American Airlines

Republic Airways Holdings (Indianapolis) is betting the AMR Corporation (Dallas/Fort Worth) will want to downsize the flying currently being performed by its subsidiary American Eagle Airlines (Dallas/Fort Worth). Republic hopes to expand its now small regional fleet flying for American Airlines (Dallas/Fort Worth) (currently by Chautauqua Airlines as American Connection) according to this article by Bloomberg Businessweek.

Read the full article: CLICK HERE

Copyright Photo: Stephen Tornblom. Although the titles say “Republic Airways” (after the holding company), this Embraer ERJ 170-100SU N821MD (msn 17000042) is actually operated by subsidiary Republic Airlines (2nd) (Indianapolis).

Republic Airways: 

Frontier to launch nonstop Denver-Minot, ND flights on November 5

Frontier Airlines (2nd) (Denver) today announced new nonstop service between its Denver, Colorado (DEN), hub and Minot, North Dakota (MOT), with four weekly nonstop flights beginning on November 5, 2012.

Following is the schedule for Frontier’s Minot service:

Denver-MOT (beginning Nov. 5, 2012)

Route Departs Arrives Frequency Aircraft
DEN-MOT 11:25 a.m. 2:05 p.m. Mon/Wed/Fri/Sun E190
MOT-DEN 2:35 p.m. 3:35 p.m. Mon/Wed/Fri/Sun E190

This new service will operate on 99-seat Embraer ER 190 aircraft operated by Republic Airlines (2nd).

In other news, the airline announced its new nonstop service between Fargo, North Dakota (FAR) and Denver, Colorado (DEN) will be starting service a week earlier than originally announced last week. Nonstop service between Denver and Fargo with three weekly nonstop flights will now begin on November 9, 2012.

Copyright Photo: Brian McDonough. Embraer ERJ 190-100 IGW N161HL (msn 19000154) with Clover, the Fawn, arrives at Washington (Reagan National).

Frontier-Republic: 

Frontier Airlines to drop Wichita on November 15

Frontier Airlines (2nd) (Denver) will drop Wichita and the Wichita-Denver route on November 15 due to underperforming results. The route is operated by Republic Airlines (2nd) (Indianapolis).

Read the full report by Channel 12: CLICK HERE

Copyright Photo: Tony Storck. Embraer ERJ 190-100 IGW N163HQ (msn 19000255) with a Red Fox image on the tail arrives at Washington (Reagan National).

Frontier Airlines-Republic Airlines: 

Frontier starts Denver-Cedar Rapids service

Frontier Airlines (2nd) (Denver) yesterday (May 17) launched new nonstop service between its Denver, Colorado (DEN) hub and Cedar Rapids, Iowa (CID). The new service will operate four times weekly.

Flights will operate on 99-seat Embraer ERJ 190 aircraft operated by Republic Airlines (2nd) (Indianapolis).

Copyright Photo: Brian McDonough.

Frontier-Republic Slide Show: CLICK HERE

Frontier Slide Show: CLICK HERE

Frontier launches Denver-Bismarck service today

Frontier Airlines’ (2nd) (Denver) year-round, nonstop service between Denver International Airport (DEN) and Bismarck Airport (BIS) in North Dakota takes off today. The new service will operate five days each week.

Flights will operate on 99-seat Embraer 190 aircraft operated by Republic Airlines (2nd) (Indianapolis), featuring onboard Wi-Fi and two-by-two leather seats.

Copyright Photo: Luimer Cordero.

Frontier Slide Show: CLICK HERE

Frontier-Republic Slide Show: CLICK HERE

Following is the schedule for the new Denver-Bismarck nonstop service:

Denver-Bismarck (effective May 17, 2012)

Route Departs Arrives Frequency Aircraft
DEN-BIS 10:54 a.m. 1:24 p.m. Mon/Tue/Thur/Fri/Sun E190
BIS-DEN 1:54 p.m. 2:35 p.m. Mon/Tue/Thur/Fri/Sun E190

Republic Airlines to become an United Express carrier, will operate 32 Bombardier Q400s

Republic Airways Holdings Inc. (Indianapolis) has announced that its Republic Airlines (2nd) (Indianapolis) subsidiary has reached a tentative agreement to operate 32 Bombardier DHC-8-402 (Q400) aircraft under the United Express brand. The Capacity Purchase Agreement (CPA) is expected to become effective in the third quarter of 2012 and continue for approximately eight (8) years. The tentative agreement includes 28 aircraft currently in operation at Colgan Air (2nd) (Memphis) and four aircraft currently operated by Republic in its brand division. This effectively ends the former Lynx Aviation (Denver) operation (see below) for Frontier Airlines (2nd) (Denver). Republic Airlines took over the Lynx Aviation operation on March 19, 2011. Will the four Q400s now be operated in Denver for United?

The agreement with Republic is contingent on completing negotiations and reaching binding agreements with aircraft lessors and maintenance providers, which is expected to occur during the second quarter of 2012.

Top Copyright Photo: Brian McDonough. Colgan Air is getting out of the airline business and will no longer operate its 28 Q400s for United. The SAAB 340Bs are also being phased out. Luckily for Republic, the aircraft are already painted.

United Express-Colgan Air Slide Show: CLICK HERE

Frontier-Lynx Aviation Slide Show: CLICK HERE

Bottom Copyright Photo: TMK Photography. This announcement also ends the former Lynx Aviation operation (now operated as Republic Airlines 2nd) which currently operates the four Bombardier DHC-8-402s (Q400s) for Frontier Airlines from the Denver hub to the close-in cities of Aspen, Colorado Springs and Durango.

Frontier Airlines starts seasonal Denver-Great Falls service today

Frontier Airlines (2nd) (Denver) today launches nonstop seasonal service between Denver International Airport (DEN) and Great Falls International Airport (GTF). The service, which operates four times weekly, runs through September 30, 2012.

Flights will operate on 99-seat Embraer ERJ 190 aircraft operated by Republic Airlines (2nd) (Indianapolis).

The launch of service to Great Falls and other cities throughout the month of May brings the number of nonstop Frontier routes from Denver to a record 67 routes.

Copyright Photo: Brian McDonough.

Frontier-Republic Slide Show: CLICK HERE

Frontier Slide Show: CLICK HERE

US Airways starts nonstop flights from Cincinnati and Des Moines to Washington Reagan National today

US Airways (Phoenix) today began connecting its customers in Cincinnati and Des Moines, Iowa with the launch of new daily, nonstop flights to Washington, D.C.’s Reagan National Airport.

On March 25, US Airways began connecting its customers in 11 communities with new nonstop service to the District’s downtown airport.  The airline also recently announced new service to six additional communities that will begin later this spring and summer.  As of July 11, US Airways will have a total of 22 nonstop routes to communities of all sizes served from Reagan National.

US Airways’ wholly owned subsidiary PSA Airlines will operate daily service to Cincinnati on 50-passenger Canadair Regional Jet (CRJ200) aircraft. Flight 2487 begins today. All other flights begin May 3.  Beginning May 15, US Airways’ customers at Cincinnati/Northern Kentucky International Airport will depart from the Main Terminal (Terminal 3) as the airline shifts its operations to a new ticketing area.  The flight schedule for the new flights is as follows:

To Reagan National (DCA)Flight  Departure      Arrival       

2490       6:00 a.m.      7:44 a.m.

2492     12:40 p.m.      2:24 p.m.

2496*      5:20 p.m.      7:04 p.m.

From Reagan National (DCA)Flight  Departure       Arrival

2491    10:10 a.m.       12:00 p.m.

2495*     3:00 p.m.         4:50 p.m.

2487      9:05 p.m.        10:55 p.m.

Republic Airlines, a US Airways Express carrier, will operate daily service, with the exception of Saturdays, to Des Moines on dual-class 69-passenger Embraer ERJ 170 aircraft. Flight 3483 begins today. All other flights begin May 3. The flight schedule for the new flights is as follows:

To Reagan National (DCA)Flight  Departure      Arrival      

3480*   6:00 a.m.        9:12 a.m.

3482     4:10 p.m.        7:22 p.m.

From Reagan National (DCA)Flight  Departure       Arrival

3481    1:50 p.m.         3:28 p.m.

3483    8:10 p.m.         9:48 p.m.

Top Copyright Photo: Bruce Drum.
US Airways Express-PSA Slide Show: CLICK HERE
US Airways Express-Republic Slide Show: CLICK HERE
Bottom Copyright Photo: Jay Selman.

Frontier Airlines to shift Houston operations back to Bush Intercontinental in July

Frontier Airlines (2nd) (Denver) announced today that it will shift its Houston operations from William P. Hobby Airport (HOU) back to George Bush Intercontinental Airport (IAH) effective on July 11, 2012.

Copyright Photo: Michael B. Ing. Flights to and from Bush Intercontinental will operate on 99-seat Republic Airlines (2nd) Embraer ERJ 190 aircraft.

Frontier-Republic Slide Show: CLICK HERE

Frontier Slide Show: CLICK HERE

Frontier Airlines to increase the frequency on the Madison-Washington Reagan National to daily service on June 7

Frontier Airlines (2nd) (Denver) will expand its existing service between Madison, Wisconsin (MSN) and Washington (Reagan National Airport) (DCA) from three times weekly to daily. In addition, the airline will improve the timing of the flight schedule on the route. The changes go into effect on June 7, 2012.

The flights will be operated by Republic Airlines (2nd) (Indianapolis) for Frontier using their Embraer ERJ 190 aircraft.

Copyright Photo: Brian McDonough.

Frontier-Republic Slide Show: CLICK HERE

Frontier Slide Show: CLICK HERE

US Airways launches flights to 14 new destinations from Washington, D.C.’s Reagan National Airport

US Airways (Phoenix) yesterday (March 25) began new service to 11 communities and improved service to three from Washington, D.C’s Reagan National Airport. The airline launched nonstop flights to Birmingham, Ala.; Fayetteville, N.C.; Islip, N.Y.; Little Rock, Ark.; Jacksonville, N.C.; Pensacola, Fla.; Tallahassee, Fla. and Ft. Walton Beach, Fla. US Airways will be the sole carrier to provide service to customers in these communities to Washington’s downtown airport.

New service also began to Memphis, Tenn.; Omaha, Neb. and Ottawa, Ontario.  These communities are currently served by other carriers at Reagan National. In addition to the 11 new communities the airline did not previously serve, it has also added improved service on existing routes between Reagan National and Savannah, Ga.; Bangor, Maine and Hartford, Conn.

On March 21, the airline also announced that it would begin service to six additional communities from the District’s downtown airport. Once these flights commence in June and July, the airline will have a total of 22 new routes served from Reagan National. The new flights are a part of US Airways’ plan to focus on its core service areas of Washington, D.C., Philadelphia, Phoenix and Charlotte, N.C.

Beginning July 11, 99 percent of the airline’s available seat miles (ASMs) will operate to or from its core service areas and US Airways Shuttle that operates hourly between Washington, Boston and New York’s LaGuardia Airport.

Copyright Photo: Bruce Drum.

US Airways Express-Republic Slide Show: CLICK HERE

US Airways to add six new routes from Washington Reagan National in June

US Airways (Washington) has announced it will launch daily, nonstop service to Washington, D.C.’s Reagan National Airport when then airline launches new flights in June and July. Business, government and leisure travelers in San Diego, Augusta, Georgia, Minneapolis/St. Paul, Fayetteville, Arkansas, Montreal, Quebec and Toronto, Ontario will receive new access to DCA. New service to San Diego will begin on June 8, while service to all other communities will begin on July 11. Currently, no carrier at Reagan National offers nonstop service to San Diego, Augusta or Fayetteville. US Airways will fill the void with nonstop access from these communities to Reagan National Airport.

US Airways will have a total of 22 new routes from Washington D.C.’s Reagan National beginning this spring and summer as a result of slot swap with Delta Air Lines.

The new flights are the final phase in US Airways’ plan to focus on its core service areas of Washington, D.C., Philadelphia, Phoenix and Charlotte, N.C. In January, US Airways announced expanded service from Washington, D.C. to 14 destinations from Reagan National Airport.  These flights will begin on March 25. The airline also announced nonstop flights between Reagan National and Cincinnati and Des Moines, Iowa that will start on May 2. Once the new flights begin, 99 percent of the airline’s available seat miles (ASMs) will operate to or from its core service areas and US Airways Shuttle that operates hourly between Washington, Boston and New York’s LaGuardia Airport. This represents a 16 percentage point change from 2006, when, following the merger of US Airways and America West Airlines, only 83 percent of the airline’s ASMs touched its core focus areas and US Airways Shuttle.

Copyright Photo: Brian McDonough.

US Airways Slide Show: CLICK HERE

US Airways Express-Republic Airlines Slide Show: CLICK HERE

 

Republic Airlines starts flying Jackson-Washington Reagan for US Airways

US Airways (Phoenix) yesterday (March 4) launched new, daily nonstop service between Mississippi’s capital city, Jackson, and Washington, D.C.’s Reagan National Airport. The route is the only nonstop service linking the State of Mississippi to the nation’s capital.

Republic Airlines (2nd) (Indianapolis), a US Airways Express carrier, will operate daily service on dual-class 69-passenger Embraer ERJ 170 aircraft.

The Department of Transportation (DOT) granted US Airways temporary authority to operate the new service using two slot exemptions at Reagan National Airport. Today (March 5), US Airways will petition the Department of Transportation to grant it the authority to fly the route permanently.

Copyright Photo: Bruce Drum.

US Airways Express-Republic Airlines Slide Show: CLICK HERE

 

Republic loses $151.8 million in 2011

Republic Airways Holdings (Indianapolis) is an airline holding company that owns Chautauqua Airlines, Frontier Airlines (2nd), Republic Airlines (2nd) and Shuttle America. The Company in the fourth quarter (ending on December 31, 2011) on a GAAP basis, reported a net loss of $123.5 million, or $2.55 per diluted share, compared to a net loss of $1.3 million, or $0.03 per diluted share, for the same period last year. On an ex-item basis, the Company is reporting net income of $17.0 million, or $0.34 per diluted share, compared to an ex-item net income of $7.4 million, or $0.18 per diluted share, for the three month periods ended Dec. 31, 2011 and 2010, respectively.

For the full year 2011, the Company reported revenues of $2.86 billion, compared to $2.65 billion for 2010. On a GAAP basis, the Company reported a net loss for 2011 of $151.8 million, or $3.14 per diluted share, compared to a net loss of $13.8 million, or $0.38 per diluted share for the full year 2010.

For the fourth quarter, the Company reported operating revenues of $697.8 million for the quarter ended Dec. 31, 2011, an increase of 7.4%, compared to $649.8 million for the same period last year. The increase in revenues is primarily due to an 11.0% increase in Frontier Airlines’ unit revenues.

During the quarter, the Company recorded an impairment charge of $191.1 million to reduce the carrying value of certain assets, mainly its 42 owned 37-50 seat aircraft. The Company also recorded non-cash charges of approximately $24.1 million related to the expected return of four leased A319 aircraft in 2012 and approximately $9.0 million related to the renegotiation of its ERJ 190 purchase order and the expected return of certain leased Embraer aircraft in 2012.

As of December 31, 2011, the Company operated 56 aircraft with 44-50 seats and 126 aircraft with 69-80 seats under our fixed-fee commercial agreements. Two 50-seat aircraft that were supporting our fixed-fee agreements as spares during the peak summer months were reallocated to charter operations during the fourth quarter.

The Company’s branded business segment includes all operations flown as Frontier Airlines and Frontier Express. Total branded revenues increased 8.9% to $422.4 million for the quarter, compared to $387.9 million for the same period in 2010. Capacity on Frontier, as measured by ASMs, was down 1.9% from the prior year’s fourth quarter. Load factor for the fourth quarter was a record 86.8%, an increase of 5.6 points from the fourth quarter of 2010. Total revenue per ASM (TRASM) was 11.90¢, up 11.0% from the same quarter in 2010. For the quarter ended Dec. 31, 2011, our branded business posted ex-item pre-tax income of $7.8 million compared to a loss of $11.2 million for the quarter ended Dec. 31, 2010.

The operating unit cost for branded operations, excluding fuel and impairments, was 7.93¢ for the quarter. However, excluding integration and fleet transition expenses of $40.1 million, or 1.13¢ per ASM, the unit cost was 6.80¢ for the fourth quarter of 2011.

Fuel costs for branded operations were $164.4 million for the quarter. The fuel cost per gallon, including into-plane taxes and fees, increased 27.3% to $3.22 for the fourth quarter of 2011, compared to $2.53 for the prior year’s fourth quarter. The fourth quarter 2011 result includes a gain on fuel hedges of $3.5 million, or $0.07 per gallon. The Company realized gains of $1.5 million, or $0.03 per gallon for hedges that were settled during the quarter. The Company currently has no hedge positions for 2012.

The Company’s Other business segment includes revenues from aircraft subleases, license fees on airport slots and expenses associated with those activities, as well as any unassigned aircraft expenses. The Company reported ex-item pre-tax loss of $2.2 million in the fourth quarter, compared to a pre-tax income of $1.2 million for the fourth quarter of 2010.

During the fourth quarter, the Company sold airport slots for a total of $47.5 million and recorded a gain on the sale of approximately $2.4 million, which is reflected in the Other segment.

As of Dec. 31, 2011, the Company has a total of 25 aircraft included in its Other segment that are not reflected as operating aircraft in the branded or fixed-fee operating highlights tables in this release. This includes 11 ERJ 145 aircraft that are being subleased offshore, eleven 37-50 seat aircraft that are being utilized for charter operations or are temporarily parked, and two Q400 aircraft and one ERJ 170 aircraft that are temporarily parked. During the quarter, the Company incurred approximately $2.7 million of expenses in its Other segment for aircraft that are temporarily parked. The Company is attempting to sell, place into fixed-fee service or otherwise sublease aircraft that are excess to its projected operating needs.

Total revenues for the year for Frontier were $1.76 billion, up 10.0% from the 2010 result of $1.60 billion on 1.1% fewer ASMs. Load factor was a record 85.8% for the year, up more than three points from the 2010 result, and TRASM was 11.74¢, up more than 11% from the 2010 result. Excluding items, Frontier reported a pre-tax loss of $70.4 million in 2011, compared to a pre-tax loss of $29.8 million in 2010.

Frontier fuel costs were approximately $718 million for the year, up 31%, or approximately $170 million from the 2010 level, on 8.1% fewer block hours. The fuel cost per gallon, including into-plane taxes and fees, was $3.25 for the year, up 35.4% from the 2010 level of $2.40.

The Company’s total operational fleet increased from September 30, 2011, by two aircraft, to 281 aircraft, as of December 31, 2011. The Company purchased two ERJ 190 aircraft and leased one A320 aircraft during the fourth quarter of 2011. These aircraft were placed into branded operations during the quarter. The Company also sold one Q400 aircraft in the fourth quarter of 2011.

The Company’s total cash balance decreased $59.6 million to $370.7 million as of Dec. 31, 2011, compared to Dec. 31, 2010. Restricted cash increased $12.3 million, to $151.4 million, from Dec. 31, 2010. The Company’s unrestricted cash balance decreased $71.9 million, to $219.3 million, from Dec. 31, 2010. A condensed cash flow statement for the years ended Dec. 31, 2011 and 2010 has been provided in the tables section of this release.

The Company’s debt decreased to $2.36 billion as of Dec. 31, 2011, compared to $2.58 billion at Dec. 31, 2010. As of Dec. 31, 2011, approximately 85% of the total debt is fixed-rate. The Company has significant long-term lease obligations for aircraft that are classified as operating leases and are not reflected as liabilities on the Company’s consolidated balance sheet. At a 6.0% discount factor, the present value of these lease obligations was approximately $1.20 billion as of Dec. 31, 2011.

Copyright Photo: Michael B. Ing.

Frontier Slide Show: CLICK HERE

US Airways to connect Cincinnati and Des Moines with Washington’s Reagan National Airport

US Airways (Phoenix) announced today that it will launch new nonstop service from Cincinnati, Ohio and Des Moines, Iowa to Washington, D.C.’s Reagan National Airport on May 2.

Today’s news follows US Airways’ announcement in January that it will launch nonstop flights to 11 new destinations from Reagan National Airport on March 25. This spring the airline will announce more new flights to Reagan National Airport starting July 11.

US Airways’ wholly owned subsidiary PSA Airlines (Dayton) will operate daily service to Cincinnati on 50-passenger Bombardier CRJ 200 aircraft. Flight US 2487 starts on May 2. All other flights begin on May 3.

Republic Airlines (2nd) (Indianapolis), a US Airways Express carrier, will operate daily service, with the exception of Saturdays, to Des Moines on dual-class 69-passenger Embraer ERJ 170 aircraft. Flight US 3483 starts on May 2. All other flights begin on May 3.

Copyright Photo: Bruce Drum.

US Airways Express-PSA Photo Gallery: CLICK HERE

US Airways routes from DCA:

Please click on the map to expand.

Frontier to start seasonal Kansas City-Tampa flights on February 15

Frontier Airlines (2nd) (Denver) kicks off its seasonal service between Kansas City (MCI) and Tampa (TPA) on February 15, 2012. The twice-weekly flights continue through April 14, 2012.

The seasonal route will be operated with Embraer ERJ 190s operated by Republic Airlines (2nd).

Copyright Photo: Brian McDonough.

Frontier-Republic Slide Show: CLICK HERE

Frontier Airlines’ seasonal Florida service launches on December 15

Frontier Airlines (2nd) (Denver) is launching new nonstop seasonal service to Florida from two Midwestern cities and reinstating seasonal Florida service from three others beginning on December 15, 2011, and continuing into April 2012.

The new nonstop seasonal service will be offered in three markets:

Des Moines, Iowa (DSM) to/from Orlando, Fla. (MCO)

Des Moines, Iowa (DSM) to/from Tampa, Fla. (TPA)

Madison, Wis. (MSN) to/from Orlando, Fla. (MCO)

Additionally, Frontier will reinstate nonstop seasonal service in four markets:

Kansas City, Mo. (MCI) to/from Ft. Myers, Fla. (RSW)

Milwaukee (MKE) to/from Ft. Myers, Fla. (RSW)

Omaha, Neb. (OMA) to/from Orlando, Fla. (MCO)

Omaha, Neb. (OMA) to/from Tampa, Fla. (TPA)

Omaha-Orlando service, which has operated as Saturday-only service since October, will expand to five times weekly.

All routes will operate a reduced schedule January 6 through February 15, 2012.

Service will be provided on 99-seat Embraer ERJ 190 aircraft operated by Republic Airlines (2nd).

Frontier will also introduce seasonal service between Kansas City and Orlando on January 5, 2012, and between Kansas City and Tampa on February 15, 2012.

Copyright Photo: Brian McDonough.

Frontier Slide Show: CLICK HERE

Frontier-Republic Slide Show: CLICK HERE

Frontier Airlines will launch the seasonal Kansas City-Tampa route

Frontier Airlines (2nd) (Denver) will launch nonstop seasonal service between Kansas City (MCI) and Tampa (TPA). The twice-weekly service will operate from February 15 through April 14, 2012, on Tuesdays, Wednesdays and Saturdays.

With the addition of Tampa, Frontier will serve a total of 20 destinations nonstop from Kansas City – including Kansas City’s only nonstop flights to Mexico.

Service on the new route will be flown on 99-seat Embraer ERJ 190 aircraft operated by Republic Airlines (2nd).

Copyright Photo: James Helbock.

Frontier-Republic Slide Show: CLICK HERE

Frontier Route Map (click on the map for a larger view):

Frontier Airlines’ new nonstop Denver-Little Rock and Denver-Palm Springs service takes off on November 17

Frontier Airlines (2nd) (Denver) will launch Denver (DEN)-Little Rock (LIT) and Denver-Palm Springs (PSP) service on Thursday, November 17. Little Rock service is year-round and Palm Springs service, which is seasonal, will run through May 14, 2012. The new service brings to 71 the number of destinations Frontier serves nonstop from Denver.

Service on the Denver-Little Rock route will be flown on 99-seat Embraer ERJ 190 aircraft operated by Republic Airlines (2nd). The Palm Springs route will operated with Airbus A319s.

Copyright Photo: Brian McDonough.

Frontier-Republic Slide Show: CLICK HERE

Frontier Airlines to introduce Kansas City-Orlando and nonstop DCA service from Grand Rapids and Madison

Frontier Airlines (2nd) (Denver) announced it will introduce nonstop seasonal service between Kansas City (MCI) and Orlando (MCO) beginning on January 5, 2012 and operating through April 15, 2012. Initially, the service will operate four days per week, increasing to six days per week beginning on February 23, 2012. Service will be provided on 99-seat Embraer ERJ 190 aircraft operated by Republic Airlines (2nd).

In addition, Frontier’s recently announced Kansas City-Las Vegas nonstop service – which starts on November 1, 2011 – will be upgraded from a 99-seat Embraer ERJ 190 aircraft to a 138-seat Airbus A319.

Frontier also announced the launch of new nonstop service from both Grand Rapids, Michigan (GRR) and Madison, Wisconsin (MSN) to Washington Reagan (DCA). Service on the Grand Rapids route takes off on January 4, 2012 and on the Madison route on January 5, 2012. Service will be provided on 138-seat Airbus A319 aircraft.

Frontier Slide Show: CLICK HERE

Copyright Photo: Brian McDonough.

Frontier expands nonstop service from Kansas City

Frontier Airlines (2nd) (Denver) announced the launch of new nonstop service between Kansas City (MCI) and both Houston (HOU) and Las Vegas (LAS) beginning on November 1. Frontier Airlines is a wholly owned subsidiary of Republic Airways Holdings, Inc.

As a result of the increase in service, Frontier will be expanding its airport facilities to include a fifth gate in Terminal C at MCI. Frontier and Republic Airlines (2nd) currently have 355 employees, more than any other airline, in the city – including customer service personnel, flight crews, aircraft maintenance technicians and others. Kansas City is home to both crew and maintenance bases for Republic.

Service on the new routes will be flown on 99-seat Embraer ERJ 190 aircraft operated by Republic Airlines.

Copyright Photo: James Helbock. Please click on the photo for additional information.

Visit our new website: CLICK HERE

Frontier Airlines to add new seasonal routes to Florida, adds Little Rock and Palm Springs

Frontier Airlines (2nd) (Denver) today announced the launch of new nonstop seasonal service to Florida from two Midwestern cities and the reinstatement of seasonal Florida service from two others.

The new nonstop seasonal service will be offered December 15, 2011 through April 15, 2012 in three markets:

1. Des Moines, Iowa (DSM) to/from Orlando (MCO)

2. Des Moines, Iowa (DSM) to/from Tampa
Madison, Wis. (MSN) to/from Orlando (MCO)

Additionally, Frontier will reinstate nonstop seasonal service in three markets during the same timeframe.

Milwaukee (MKE) to/from Tampa (TPA)
Omaha, Neb. (OMA) to/from Orlando (MCO)
Omaha, Neb. (OMA) to/from Tampa (TPA)
Omaha-Orlando service will resume as a Saturday-only service beginning October 8 before expanding to five times weekly in December. All routes except Milwaukee-Tampa will operate a reduced schedule January 6 through February 15, 2012.

Frontier-branded service will be provided on 99-seat Embraer ERJ 190 aircraft operated by Republic Airlines (2nd).

In other news, Frontier Airlines is adding two new cities to its route map. Frontier today also announced the launch of new nonstop service between Denver and Little Rock, Arkansas (LIT), and new nonstop seasonal service between Denver (DEN) and Palm Springs, California (PSP). Service to both cities takes off on November 17. The seasonal Palm Springs service will run through mid-May 2012.

Frontier is also adding frequency seasonally in four existing nonstop markets this fall:

 

 

  • Denver-Las Vegas – a seventh roundtrip on Monday, Thursday, Friday and Sunday, Oct. 2-Dec. 12.
  • Denver-Madison, Wis. – a second roundtrip on Monday, Thursday and Sunday, Sept. 8-Nov. 14.
  • Denver-San Diego, Calif. – a sixth roundtrip on Monday, Thursday, Friday, Saturday and Sunday, Oct. 1-31.
  • Denver-Santa Barbara, Calif. – a second roundtrip on Thursday, Friday and Sunday, Oct. 6-31.

Frontier-Republic Slide Show: CLICK HERE

Copyright Photo: Brian McDonough. Please click on the photo for the aircraft information.

Republic Airways Holdings loses $14.9 million in the second quarter

Republic Airways Holdings (Indianapolis) reported operating revenues of $739.7 million for the quarter ended June 30, 2011, an increase of 8.3%, compared to $683.3 million for the same period last year. The increase in revenues is primarily due to a 10.6% increase in Frontier Airlines’ unit revenues. On a GAAP basis, the Company reported a net loss of $14.9 million, or $0.31 per diluted share, for the quarter ended June 30, 2011, compared to net income of $2.6 million, or $0.08 per diluted share, for the same period last year.

The total operational fleet of all subsidiary airlines increased from March 31, 2011, by two aircraft to 282 aircraft as of June 30, 2011. The Company increased its Frontier Airbus fleet by leasing five additional A320 aircraft during the quarter. Also, the Company returned two Embraer ERJ 145 aircraft to the lessor and sold one Airbus A318 aircraft.

By the end of September 2011, the Company expects to have transitioned all 14 Republic Airlines (2nd) Embraer ERJ 170 aircraft from its Frontier operation into fixed-fee service on behalf of Delta Air Lines. In order to backfill a portion of the capacity vacated by these aircraft, the Company expects to place into service for Frontier five of the seven Chautauqua Airlines ERJ 145 aircraft being removed from the Continental Express fixed-fee service during 2011. The other two ERJ 145 aircraft removed from Continental were returned to the lessor in the second quarter. The Company also expects to take delivery of six Embraer ERJ 190 aircraft beginning in September. Those aircraft are expected to be placed into the Frontier operation by January 2012.

Frontier Airlines-Republic Airlines Slide Show: CLICK HERE

Copyright Photo: Mark Durbin. Please click on the photo for additional information.

Republic Airlines to remove the last six ERJ 170s from the Frontier operation, will now operate 14 ERJ 170s for Delta

Republic Airlines (2nd) (Indianapolis) will remove the last six Embraer ERJ 170s from the Frontier Airlines branded operation by September 30, 2011. Republic will now operate 14 ERJ 170s under the Delta Connection banner by October 1, 2011.

Copyright Photo: Mark Durbin. Please click on the photo for the full details.

Frontier Airlines reduces its fees, launches “Frontier Express”

Frontier Airlines (2nd) (Denver) yesterday (April 12) announced a move to significantly enhance the guest experience with new fee reductions and policy changes effective for tickets purchased on or after today, April 13, 2011. Key changes include the addition of no change fees for itinerary changes made prior to the day of travel on the airline’s popular Classic fares and the expansion of the airline’s guest commitment posted on FrontierAirlines.com.

For tickets purchased on or after April 13, 2011, Frontier will reduce the change fee from $100 to $50 on Economy fares and will also add a discount on the first checked bag fee for any guest who checks in online at FrontierAirlines.com. This discount is currently set at $5, which reduces the checked bag fee from $20 to $15 on the Economy fare. Guests traveling on Classic and Classic Plus fares will continue to receive two complimentary checked bags on every flight.

Frontier also added another level of transparency for its guests by posting its revised guest commitment online. The guest commitment outlines what a Frontier Airlines guest can expect in any kind of irregular operation including, flight delays and cancelations. The guest commitment can be found in the customer service section at FrontierAirlines.com.

Other key changes effective April 13, 2011, include:

Bicycles:

Frontier is removing the flat fee for checked bicycles and will now include them in the standard baggage allowance, meaning customers traveling on Classis or Classic Plus fares can include their bike as one of their two complimentary checked bags and Economy passengers would pay $20 if the bike is one of their first two checked bags. Bikes will be exempt from any oversize fees, but subject to overweight fees and excess bag fees, if applicable. This is similar to the carrier’s current policy for golf clubs and skis.

Policy changes:

Name changes will now be permitted for $50 on Classic and Economy tickets. Classic Plus ticket holders and Summit-level EarlyReturns members can change a name at no charge. In addition to the name-change fee, guests will also be responsible for paying any difference in fare at the time the change is made.

Fees for same-day confirmed flight changes on Classic tickets will be reduced to $25 from $50 with no fare difference.
The excess bag fee – for a third bag and beyond – will be standardized at $50 per bag for all markets, domestic and international.

Included in the guest enhancements is the launch of Frontier Express, a branding designation that will now be used for all Frontier flights operated on ERJ 135, ERJ 145 and Q400 aircraft. The Frontier Express branding will indicate that the in-flight service and amenities will differ from Frontier’s standard mainline service found on Airbus, Embraer 190 and Embraer 170 aircraft.

Copyright Photo: Brian McDonough. Please click on the photo for additional information including Frontier’s new partnership with The Wilderness Society.

Frontier-Republic Slide Show: CLICK HERE

Frontier Airlines adds five new routes and three cities

Frontier Airlines (2nd) (Denver) has announced plans to add Knoxville, TN (TYS) (June 6); Provo, UT (PVU) (June 20) and Sioux Falls, SD (FSD) (July 4) to its route map with the addition of nonstop service from its Denver hub. These three markets bring the total of nonstop destinations served from Denver by Frontier to 63.

In addition, the carrier announced it will launch new nonstop service between its Kansas City hub and both Minneapolis/St. Paul, MN (MSP) (June 6) and San Antonio, TX (SAT) (June 7) this summer. The new service rounds out the carrier’s summer schedule that features increased capacity in top markets and the return of popular summer seasonal service.

All of the new routes will be operated by Republic Airlines’ (2nd) Embraer ERJ 170s and ERJ 190s except the Knoxville route which will be operated by Frontier A319s.

Frontier will drop the Denver-Long Beach route on February 16.

Frontier Slide Show: CLICK HERE

Frontier-Republic Slide Show: CLICK HERE

Copyright Photo: Michael B. Ing. Please click on the photo for additional information.

Updated Frontier Route Map:

Republic Airways Holdings swings to the red in the fourth quarter and 2010

Republic Airways Holdings Inc. (Indianapolis) reported operating revenues of $649.8 million for the quarter ended December 31, 2010, a 2.0% increase, compared to $637.3 million for the same period last year. The increase in revenues is the result of higher unit revenues from the Company’s Frontier operations.

On a GAAP basis, the holding company reported a net loss of $1.3 million, or $0.03 per diluted share, for the fourth quarter ended December 31, 2010, compared to $20.1 million of net income, or $0.55 per diluted share, for the same period last year.

During the fourth quarter of 2010, the Company’s pre-tax loss of $3.0 million was negatively impacted by a total of $15.1 million of items: $14.5 million of fleet transition costs for A318 and Q400 aircraft, $2.5 million of expenses related to the integration of the branded business, offset by $1.9 million in benefits for fuel hedges.

Excluding the negative impact of the items during the quarter, the Company is reporting net income of $7.4 million and earnings per diluted share of $0.18 for the fourth quarter of 2010. Comparatively, the Company reported ex-item net income for the fourth quarter of 2009 of $2.1 million, or $0.06 per diluted share.

For the full year 2010, the holding company reported revenues of $2.7 billion compared to $1.6 billion for 2009. On a GAAP basis, the Company reported a net loss for 2010 of $13.8 million, or $0.38 per diluted share compared to net income of $39.7 million, or $1.13 per diluted share for the full year 2009.

Frontier Airways Holdings joins AMR Corporation as the only two large airline groups to lose money in the United States in 2010.

The operational fleet decreased from September 30, 2010 by two aircraft to 275 aircraft as of December 31, 2010. During the quarter, the Company removed one Airbus A318 aircraft and one Q400 aircraft from the fleet.

The total operational fleet as of December 31, 2010 was 275 aircraft, a reduction of 15 aircraft, compared to the 290 aircraft operated as of December 31, 2009.

The Company removed eight Q400 aircraft from its Frontier operations. Five were returned to the lessor, two were classified as held for sale as of December 31, 2010, and one has been subleased. Seven CRJ200 aircraft were returned to the lessor from the fixed-fee service with Continental Airlines. Four A318 aircraft were removed from our Frontier operation and sold or returned to the lessor. Two ERJ 145 aircraft were subleased offshore and one ERJ 170 was sold. Four Embraer ERJ 190 aircraft and three Airbus A320 aircraft were placed into our Frontier operation during the year.

Copyright Photo: Bruce Drum. Please click on the photo for background information on the holding company and aircraft operated.

Republic Airways Holdings’ Fixed-Fee Route Map (not including Frontier Airlines branded operations):

Frontier Airlines starts its Omaha expansion

Frontier Airlines (2nd) (Denver) is kicking off its Omaha (OMA) expansion this weekend with the return of seasonal nonstop service to Orlando (MCO) and St. Petersburg/Clearwater (PIE) and the launch of new non-stop service to the sunny beaches of San Diego (SAN).

Nonstop service between Omaha and Orlando begins today (January 15, 2011), and the nonstop service to St. Petersburg/Clearwater and San Diego both begin on Sunday, January 16. Frontier will also launch nonstop service from Omaha to Los Angeles (LAX) beginning on February 14, 2011.

Frontier will assign its Embraer ERJ 190 aircraft to the new routes – operated by Republic Airlines (2nd). The E190 features comfortable all-leather seating in a two-by-two configuration. The E190 aircraft comes equipped with four rows of STRETCH seating, which provides an additional five inches of legroom. The aircraft will also feature in-flight Wi-Fi in spring of 2011.

Copyright Photo: James Helbock. Please click on the photo for additional aircraft details.

Frontier Airlines starts seasonal Denver-Steamboat Springs/Hayden service with ERJ 190s

Frontier Airlines (2nd) (Denver) has started seasonal nonstop service between its Denver International Airport (DEN) hub and the Steamboat Springs/Hayden airport (HDN), a well known ski destination. The daily roundtrip flight begins on December 16, 2010, and runs through April 10, 2011. The addition of the seasonal Steamboat Springs service brings Frontier’s Colorado destinations to five.

This new route will be flown by Republic Airlines’ (2nd) 99-seat Embraer ERJ 190 aircraft.

Copyright Photo: James Helbock. Please click on the photo for additional information.

Frontier Airlines starts San Antonio-Milwaukee flights

Frontier Airlines (2nd) (Denver) yesterday (November 19) launched new nonstop service between its hub at Milwaukee’s General Mitchell International Airport (MKE) and San Antonio International Airport (SAT) with four weekly roundtrip flights. The inaugural flight, F9 1048, departed San Antonio at 6:05 p.m. (1805) CST.

Republic Airlines (2nd) will operate its 99-seat Embraer ERJ 190 aircraft on this new route for sister airline Frontier.

Copyright Photo: James Helbock. Please click on the photo for additional details.

Frontier Airlines starts Kansas City-Austin flights

Frontier Airlines (2nd) (Denver) today celebrated the start of service between Austin-Bergstrom International Airport (AUS) and Kansas City International Airport (MCI) with flight F9 1735 departing Kansas City at 7:28 p.m. (1928) CST. This new route brings the number of nonstop destinations served by Frontier in Kansas City to 14, and is the second nonstop destination served by the carrier from Austin.

This new route will be flown by Republic Airlines’ (2nd) 76-seat Embraer ERJ 170 aircraft. The Republic E170 and E190 aircraft will be outfitted with in-flight internet service by early 2011.

Copyright Photo: Jay Selman. Please click on the photo for background information on Republic Airlines’ history with Frontier Airlines.

Republic Airways reports net income of $21.3 million in the third quarter

Republic Airways Holdings Inc. (Indianapolis) reported operating revenues of $711.9 million for the quarter ended September 30, 2010, a 97.9% increase, compared to $359.6 million for the same period last year. The increase in revenues is primarily due to the acquisition of Frontier Airlines (2nd) and Midwest Airlines during 2009. The Company also reported net income of $21.3 million, or $0.58 per diluted share, for the quarter ended September 30, 2010, compared to $3.3 million of net income, or $0.09 per diluted share, for the same period last year. The diluted share count for the third quarter of 2010 includes 2.5 million shares for the $25 million of convertible debt at the Company, which decreases earnings per share by $0.04.

During the third quarter of 2010, the Company’s GAAP pre-tax income of $35.1 million was negatively impacted by a total of $7.8 million, or $0.14 per diluted share, of items: $4.7 million of expenses related to the integration of the branded business; $2.9 million of disposal costs for A318 and DHC-8-400 (Q400) aircraft; and $0.2 million in negative adjustments for fuel hedges.

Excluding the dilutive effect of the convertible debt ($0.04) and the negative impact on earnings of the integration expense items during the quarter ($0.14), the Company is reporting earnings per share of $0.76 for the third quarter of 2010.

The Company’s “Branded” business segment includes all operations at Frontier Airlines (2nd), Lynx Airlines, and Midwest Airlines, collectively referred to as “Frontier”. Total revenues on Frontier were $445.8 million for the quarter. Load factor was 87.4% for the quarter and total revenue per ASM (TRASM) was 11.15¢. Frontier posted income before taxes of $11.6 million for the third quarter. However, excluding the items outlined in the table above, Frontier produced a pre-tax profit of $19.4 million for the third quarter. Operating cost per ASM (CASM), excluding fuel, was 7.17¢ for the third quarter of 2010. Excluding integration and aircraft return expenses, the unit cost for Frontier, excluding fuel, was 6.98¢ for the quarter.

During the quarter the Company removed three Airbus A318 aircraft, one Bombardier DHC-8-400 (Q400) aircraft, and one Embraer ERJ 170 aircraft from service. The total operational fleet was 277 aircraft as of September 30, 2010 compared to 282 aircraft as of June 30, 2010.

On July 1, 2010, the Company announced that it would remove four 120-seat A318 aircraft and one 76-seat E170 aircraft from scheduled service for Frontier in September 2010. Three of these aircraft have been sold to third parties and two were returned to their lessors. Beginning in January 2011, Frontier will accept the first of seven new 162-seat A320 aircraft. All seven aircraft have firm lease financing arranged and will be delivered during the first two quarters of 2011. The Company will also be leasing three additional 136-seat A319 aircraft that are scheduled for delivery between February and April 2011.

On July 21, 2010, the Company announced it had signed a non-binding letter of intent with Embraer to acquire 24 ERJ 190 or ERJ 195 aircraft with deliveries beginning in the mid 2011. On November 5, 2010, the Company announced it had placed a firm order for 6 E190 aircraft with Embraer for delivery in 2011 starting in August. The Company also has conditional firm orders for 18 E190 or E195 aircraft. Both aircraft types would be configured with STRETCH seating. These aircraft will be used to replace smaller regional jets in the Company as well as provide flexibility for growth at Frontier through 2013.

All ERJ 170 aircraft operating for Frontier will be reconfigured with STRETCH seating by November 30, 2010, enabling its guests to take advantage of 5 extra inches of legroom. Also, all 32 E-Jet aircraft operating for Frontier will have Gogo WiFi installed by the end of 2010.

Copyright Photo: Bruce Drum. Please click on the photo for additional information.

Republic orders six additional ERJ 190s, takes options on 18 more

Republic Airways Holdings Inc. (Indianapolis) announced yesterday (November 5) a firm order for six Embraer ERJ 190 jets and a conditional firm order for 18 Embraer 190 or 195 jets. The agreement concludes a Letter of Intent (LOI) announced earlier this year.

Republic plans to take delivery of the six firm orders between August and December 2011. The aircraft will be placed into service within the network of Frontier Airlines, and operated by Republic Airlines. Each aircraft will be WiFi-enabled and configured with STRETCH seating, which offers Frontier customers in the first four rows an additional five inches of legroom.

Republic Airways Holdings is an airline holding company that owns Chautauqua Airlines, Frontier Airlines (2nd), Lynx Aviation, Republic Airlines (2nd) and Shuttle America. The airlines offer scheduled passenger service on approximately 1,600 flights daily to 127 cities in 42 states, Canada, Costa Rica, and Mexico under branded operations at Frontier, and through fixed-fee airline services agreements with five major U.S. airlines. The fixed-fee flights are operated under an airline partner brand, such as AmericanConnection, Continental Express (now United Express), Delta Connection, United Express, and US Airways Express. The airlines currently employ approximately 11,000 aviation professionals and operate 276 aircraft.

Copyright Photo: Joe G. Walker. The Midwest branded aircraft are being repainted into Frontier colors. Please click on the photo for additional details.

Frontier Airlines to fly Kansas City-Fort Myers

Frontier Airlines (2nd) (Denver) announced new seasonal nonstop service between Kansas City International Airport (MCI) and Southwest Florida International Airport (RSW) in Fort Myers, Fla., the airline’s 15th nonstop destination from Kansas City.

Frontier will offer a once-weekly roundtrip flight beginning on December 18, 2010, and will increase service to two weekly roundtrip flights in February.

Republic Airlines (2nd) will operate a 99-seat Embraer ERJ 190 aircraft on this new route for Frontier.

Copyright Photo: James Helbock. Embraer ERJ 190-100 IGW N174HQ (msn 19000211) approaches Long Beach for landing.

Frontier Airlines to add Omaha-San Diego service on January 16

Frontier Airlines (2nd) (Denver) will launch Omaha-San Diego service on January 16. The new route will be operated by Republic Airlines’ (2nd) Embraer ERJ 190s.

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