Category Archives: American Eagle-Republic Airlines

American Airlines announces nonstop Philadelphia (PHL) to Melbourne (MLB) flights

American Eagle Airlines (2nd)-Republic Airlines (2nd) Embraer ERJ 170-200LR (ERJ 175) N437YX (msn 17000366) MIA (Bruce Drum). Image: 104821.

American Airlines has made this announcement:

American Airlines announced today that it will begin American Eagle nonstop flights to Melbourne, Florida (MLB) starting on February 16, 2019.

The flights will depart Saturdays from Philadelphia at 8:05 a.m., arriving in Melbourne, Florida at 10:48 a.m. with Embraer 175 aircraft.

The return flight to PHL departs at 11:24 a.m. and arrives in PHL at 1:55 p.m. The new service will be operated by Republic Airline.

Top Copyright Photo (all others by Republic): American Eagle Airlines (2nd)-Republic Airlines (2nd) Embraer ERJ 170-200LR (ERJ 175) N437YX (msn 17000366) MIA (Bruce Drum). Image: 104821.

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Republic Airline Route Map:

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American to expand domestic winter routes from Miami and Charlotte

American Eagle Airlines (2nd)-Republic Airlines (2nd) Embraer ERJ 170-200LR (ERJ 175) N442YX (msn 17000446) MIA (Jay Selman). Image: 403792.

American Airlines is again offering winter seasonal service from its Miami hub starting on December 19, 2018.

The carrier will operate daily seasonal service to Buffalo with Airbus A319s.

American will also offer twice-daily Miami – Fort Myers service with Embraer 175s operated by Republic Airlines.

Additionally Republic Airlines will also operate its Embraer 175s on a new nonstop daily flight to Grand Rapids according to Airline Route.

Republic will also operate a daily Miami – Houston with Embraer 175s.

From the Charlotte hub, Envoy Air will operate American Eagle service to Champaign, IL starting also on December 19, 2018.

Additionally Piedmont Airlines (2nd) will operate Embraer 145s on a Charlotte – Ithaca routing effective December 22, 2018.

Copyright Photo (all others by Republic): American Eagle Airlines (2nd)-Republic Airlines (2nd) Embraer ERJ 170-200LR (ERJ 175) N442YX (msn 17000446) MIA (Jay Selman). Image: 403792.

American Eagle-Republic Airlines aircraft slide show:

American to expand Washington Reagan National operations next spring

American Eagle (2nd)-PSA Airlines (2nd) Bombardier CRJ900 (CL-600-2D24) N574NN (msn 15365) CLT (Jay Selman). Image: 403063.

American Airlines is planning to expand operations at Washington’s Reagan National Airport (DCA) with three new American Eagle routes. Republic Airlines will add daily DCA – Little Rock E175 jet service on April 3, 2018 per Airline Route.

Additionally PSA Airlines will add the DCA – Montgomery (CRJ200) route on June 7, 2018 and daily DCA – Tallahassee (CRJ900) service on February 15, 2018.

AA is also converting weekend service from DCA to both Destin/Fort Walton Beach and Myrtle Beach to daily service for the summer 2018 season.

Copyright Photo: American Eagle (2nd)-PSA Airlines (2nd) Bombardier CRJ900 (CL-600-2D24) N574NN (msn 15365) CLT (Jay Selman). Image: 403063.

PSA Airlines Route Map:

Republic Airways pilots ratify a new three-year contract

Republic Airways Holdings Inc. (Republic Airlines 2nd and Shuttle America) (Indianapolis) has announced that the International Brotherhood of Teamsters’ (IBT) Local 357, which represent the approximately 2,100 pilots of Republic, have voted by a margin of 76% to ratify a new three-year contract, with approximately 85% of the eligible pilots voting.

Republic Airways Holdings logo

The three-year agreement becomes effective on or about November 1. The agreement invests approximately $50 million a year on average over the three-year duration of the new agreement, including both the ratification bonus and the anniversary bonus. The new agreement includes significant improvements in work rules and pilot quality of life. Additionally, it establishes pay rates that recognize Republic’s pilots as leaders in the regional airline industry, including a transformational $40/hr first year new hire rate.

Copyright Photo: Tony Storck/AirlinersGallery.com. Embraer ERJ 170-200LR (ERJ 175) N135HQ (msn 17000224) of Republic Airlines operating as an American Eagle carrier arrives at Baltimore-Washington (BWI).

American Eagle-Republic aircraft slide show: AG Airline Slide Show

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American expands Embraer 175 operations from Los Angeles

American Airlines (Dallas/Fort Worth) is adding four additional Embraer ERJ 175 American Eagle routes from Los Angeles International Airport. Los Angeles – Austin will be started on May 7 along with Los Angeles – San Antonio. Additionally on June 4, the Los Angeles – Edmonton and Los Angeles – Vancouver routes will also be added per Airline Route.

In other news, American Airlines and US Airways hope to receive a single operating certificate (SOC) in early April from the FAA completing the merger process. US Airways meanwhile has started using the “American” call sign, retiring the former “Cactus” (America West) call sign. The end of US Airways is near.

Copyright Photo: Chris Sands/AirlinersGallery.com. Republic Airlines’ “Brickyard 4231” arrives from Jacksonville at Miami International Airport (MIA).

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Republic Airways Holdings orders five additional Embraer E175 regional jets

Embraer and Republic Airways Holdings Inc. (Republic Airlines 2nd) (Indianapolis), operator of the largest E-Jet fleet in the world, signed an order for five new E175 jets. The contract, with an estimated value of $222 million, based on Embraer’s list price, will be included in the 2015 first-quarter backlog. The aircraft, configured in dual class with 76 seats, are expected to be delivered in mid- 2016.

This order of five E-Jets is in addition to the previous two orders for E175s placed by Republic in January 2013, for 47 firm aircraft, and in September 2014, for 50 firm aircraft. Apart from this new order, Republic maintains 32 options for the E175s.

Copyright Photo: Rob Finlayson/AirlinersGallery.com. Republic Airlines (2nd) Embraer ERJ 170-200LR (marketed now as the E175) N401YX (msn 17000363) lands at Miami International Airport (MIA).

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Republic Airways Holdings reports net income of $64.3 million for 2014

Republic Airways Holdings Inc. (Republic Airlines and Shuttle America) (Indianapolis) has reported its financial results for the fourth quarter and full year ended December 31, 2014. The company reported net income of $64.3 million for 2014, a significant increase from its  net income of $26.7 million in 2013.

As planned, Chautauqua Airlines ended operations on December 31, 2014 and was rolled into Shuttle America as previously reported.

The company issued this report:

Republic Airways Holdings logo

Republic’s pre-tax income excluding special items, for the fourth quarter of 2014 was $32.1 million, an 8.4 percent increase over the fourth quarter or 2013. Republic’s adjusted income from continuing operations for the fourth quarter of 2014 was $19.8 million, or $0.39 per diluted share, and its adjusted pre-tax margin was 9.3 percent.

For the full year of 2014, Republic’s pre-tax income, excluding special items, was $120.2 million, a $17.7 million increase over 2013. Republic’s adjusted income from continuing operations for 2014 was $73.4 million, or $1.40 per diluted share, with an adjusted pre-tax margin of 8.7 percent.

On a GAAP basis, including special items, Republic’s fourth quarter 2014 pre-tax loss was $1.4 million, pre-tax margin was -0.4 percent and income from continuing operations was $11.7 million, or $0.23 per diluted share. On a GAAP basis, including special items, Republic’s 2014 pre-tax income was $85.2 million, pre-tax margin was 6.2 percent and income from continuing operations was $64.3 million, or $1.24 per diluted share.

On January 1, 2015, Republic completed its consolidation of all Chautauqua Airlines operations onto the Shuttle America operating certificate. All operating aircraft and related employees are now transferred to Shuttle America’s operation. Republic hopes to sell the remaining Chautauqua Airlines entity and related assets during the first half of 2015.

During the fourth quarter of 2014, Republic extended the service terms of aircraft under its fixed-fee capacity purchase agreements with US Airways, Inc. and Delta Air Lines, Inc. Republic also agreed to operate an additional nine E170 aircraft for Delta Air Lines, Inc.

“We took some significant steps in 2014 in our effort to simplify and streamline our business,” said Republic Airways Holdings Chairman, President and CEO Bryan Bedford. “While this simplification strategy results in near-term transition expenses, such as the fleet impairment charge we took this quarter, the actions that we’ve taken in 2014 and that we intend to take in 2015 are key to the future success of our airline.”

The impairment and other charges in 2014 were due to impairment and other charges on owned E140 aircraft which were abandoned of $19.9 million; owned E190 aircraft which are in the process of being sold of $14.4 million; owned Q400 aircraft which are scheduled to come out of service in the third quarter of 2016 of $13.3 million, and a loss on sale of E190 aircraft of $5.8 million. The 2013 impairment charges of $21.2 million related to owned E190 aircraft and the write-off of maintenance deposits on leased E190 aircraft.

Fleet Highlights

During 2014, our operational fleet decreased from 258 to 244. The company took delivery of 22 E175 aircraft, permanently parked 15 E140 aircraft, temporarily parked 13 E145 aircraft, sold two E190 aircraft and leased three E145 aircraft and three E190 aircraft.

During 2014, we took delivery of 22 E175 aircraft and removed 28 small regional jets.

In December 2014, we completed the sale of two E190 aircraft and executed an agreement to sell three other E190 aircraft. The sale of these five aircraft will leave us with two owned E190 aircraft and three leased E190 aircraft that are expected to be removed from fixed-fee charter service in August of 2015. We expect to return the three leased aircraft to the lessor in 2015 and the remaining two aircraft are under a firm sales agreement.

Balance Sheet and Liquidity

The Company’s total cash balance decreased $55.1 million to $245.6 million as of Dec. 31, 2014, compared to Dec. 31, 2013. Restricted cash decreased $2.3 million, to $21.7 million, from Dec. 31, 2013, due to the escrow requirements under our fixed-fee charter agreements. The Company’s unrestricted cash balance decreased $52.8 million, to $223.9 million, from Dec. 31, 2013, due primarily to equity investments in new aircraft and the redemption of the $22.3 million and $26.5 million convertible notes on April 7, 2014, and Oct. 28, 2014, respectively. The Company also purchased 212,881 shares of its common stock on the open market, during the third quarter of 2014 for total consideration of $2.1 million. A consolidated balance sheet and summary cash flow statement have been included in the tables section of this release.

The Company’s debt increased to $2.34 billion as of Dec. 31, 2014, compared to $2.17 billion at Dec. 31, 2013, primarily related to the financing of 22, new E175 aircraft purchased for our American Airlines fixed-fee agreement. As of Dec. 31, 2014, approximately 98 percent 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 percent discount factor, the present value of these lease obligations was approximately $0.48 billion and $0.59 billion as of Dec. 31, 2014, and Dec. 31, 2013, respectively.

Corporate Information

Republic Airways Holdings Inc., based in Indianapolis, Indiana, is an airline holding company that owns Republic Airlines, Shuttle America and Chautauqua Airlines, collectively “the airlines.” As of Dec. 31, 2014, the airlines operated a combined fleet of about 245 aircraft and offered scheduled passenger service on more than 1,300 flights daily to approximately 100 cities in the U.S., Canada and the Caribbean through fixed-fee flights operated under our major airline partner brands, including American Eagle, Delta Connection, United Express, and US Airways Express. The Company currently employs about 6,500 aviation professionals.

Copyright Photo: Brian McDonough/AirlinersGallery.com. During 2014 Republic took delivery of 22 Embraer E175 aircraft. Republic Airlines’ Embraer ERJ 170-200LR (ERJ 175) N415YX (msn 17000378) arrives in Washington (Reagan National).

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