Tag Archives: reagan national airport

Frontier dedicates Orville, the Red Cardinal, to the State of Ohio

Frontier Airlines (2nd) (Denver), as previously reported, has painted its second aircraft in the new livery. The pictured Airbus A320-214 N228FR (msn 5526), named Orville, the red Cardinal, is also dedicated to the Buckeye State of Ohio where it has been expanding at Cleveland and Cincinnati. N228FR is also dedicated to aviation explorer Orville Wright. The cardinal is also the state bird of Ohio. The airline has now issued this new Orville and Wilbur Wright video and photo.

Frontier (2nd) 2015 logo

Above Copyright Photo: Brian McDonough/AirlinersGallery.com. N228FR arrives at Washington’s Reagan National Airport (click on the photo for the full size view).

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Photo Below: Frontier Airlines. The two actors portraying Orville (1871 – 1948) and Wilbur (1867 – 1912) Wright.

Frontier-Orville and Wilbur Wright (actors)(Frontier)(LR)

Video: Frontier Airlines. We’d like to introduce the newest animal to our fleet, dedicated to the state of Ohio, Orville the Red Cardinal! Check out our video to meet Orville:

Frontier Airlines Route Map (click on map for the full size view):

Frontier (2nd) 4.2015 Route Map

 

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Alaska Airlines launches the Seattle/Tacoma – Washington Dulles route

Alaska Airlines (Seattle/Tacoma), today (March 11) launched nonstop daily service between Seattle/Tacoma and Dulles International Airport near Washington. With the addition of Dulles, Alaska customers now have nonstop access to three Washington D.C.-area airports from Seattle/Tacoma, as Alaska also serves Reagan National Airport and Baltimore-Washington International Airport.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Boeing 737-990 ER N453AS (msn 36354) with Aviation Partners Boeing Split Scimitar Winglets at the Seattle-Tacoma International Airport hub, also carries the newly updated (after the Super Bowl loss) “Go Russell! – Champions Never Rest” sub-titles (click the photo for the full size view).

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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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Delta to add new Hawaii service from both Seattle/Tacoma and Portland, will introduce the 717 to SEA

Delta Air Lines (Atlanta) next winter is adding two additional seasonal routes from the Pacific Northwest to Hawaii. According to Airline Route, the carrier will add daily Boeing 757 service from Seattle/Tacoma to Kona (Hawaii) and Portland-Honolulu flights starting December 19, 2015.

On February 23 Delta issued this statement:

Delta Air Lines is adding service from its hub at Seattle-Tacoma International Airport to Kona International Airport and will increase service from select seasonal markets beginning as soon as summer 2015.

The new and increased Seattle service will operate as follows:

One daily flight to Kona on the Big Island of Hawaii beginning December 19, 2015

One additional daily flight to Palm Springs, California, for a total of two daily seasonal flights beginning December 19, 2015

One daily seasonal flight to Tucson, Arizona, which was previously Saturday service, beginning December 19, 2015

Extension of seasonal service to daily year-round service to Fairbanks and Juneau, Alaska, beginning May 15, 2015

Expanded seasonal service to Los Cabos and Puerto Vallarta, Mexico, beginning October 3, 2015

Service to Kona will be operated with Boeing 757-200 aircraft. Fairbanks, Juneau and Puerto Vallarta will use Boeing 737-800 aircraft, while Los Cabos will use Airbus A319 aircraft. Palm Springs and Tucson service will be operated by Delta Connection carrier SkyWest Airlines using two-class, 65-seat Bombardier CRJ700 aircraft.

Additionally, Delta will introduce Boeing 717 aircraft on some existing routes between Seattle/Tacoma and Las Vegas, Los Angeles and Phoenix starting on September 1.

As Seattle’s global airline, Delta offers customers access to a worldwide network of destinations throughout Asia, Europe and the U.S. with 85 peak-day departures to 31 destinations from Seattle. By summer, the airline will operate 126 flights to 35 destinations from its West Coast hub.

Delta will serve Seattle’s top 15 destinations in the Western U.S. when recently announced service to Boise, Idaho; Denver; and Sacramento, Calif., launches this spring. Ketchikan and Sitka, Alaska, service will also launch in May, completing the top five destinations in Alaska.

During the summer, Delta offers 10 long-haul international flights from Seattle/Tacoma, providing as much long-haul international service from Seattle/Tacoma as all other airlines combined. This includes the top five destinations in Asia and three of the top four destinations in Europe. Delta is the only carrier to offer nonstop service from Seattle/Tacoma to Amsterdam, Hong Kong, Paris, Shanghai and Tokyo-Haneda.

Copyright Photo: Brian McDonough/AirlinersGallery.com. Ex-Northwest Boeing 757-251 N549US (msn 26496) completes its final approach into Washington’s Reagan National Airport (DCA).

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JetBlue Airways to fly to Nantucket from Washington, D.C.

JetBlue Airways (New York) has announced it will launch new seasonal Ronald Reagan Washington National Airport (DCA) to Nantucket, Massachusetts (ACK) service this summer. The new nonstop route will be launched on June 19, 2015, and will operate on Fridays, Saturdays and Sundays through September 6, 2015. Additional flights will be added for the Fourth of July holiday weekend.

Nantucket marks the 12th nonstop destination from Reagan National, where JetBlue has steadily increased its presence since it started serving the close-in Washington airport in 2010.

Flights will be operated on JetBlue’s 100-seat Embraer E190. It is the largest aircraft to serve Nantucket Memorial Airport.

JetBlue operates 30 daily flights at Reagan National Airport, making it the airline’s sixth largest city. JetBlue also serves the National Capital Region with flights from Washington Dulles International Airport (IAD) and Baltimore/Washington International Thurgood Marshall Airport (BWI).

Copyright Photo: Brian McDonough/AirlinersGallery.com. Embraer ERJ 190-100 IGW N353JB (msn 19000576) completes the final river approach into Washington’s Reagan National Airport (DCA).

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American Airlines’ pilots and flight attendants to receive membership in CBP’s Global Entry program

American Airlines (Dallas/Fort Worth), in close coordination with the United States Department of Homeland Security (DHS) and U.S. Customs and Border Protection (CBP), has announced it is the first carrier to offer its nearly 40,000 pilots and flight attendants complimentary membership in CBP’s Global Entry program. Membership in Global Entry allows expedited CBP clearance for pre-approved, low-risk travelers upon arrival in the United States.

Started as a pilot program in 2008, Global Entry is now operational at 42 U.S. airports and 11 pre-clearance locations. As an added benefit, Global Entry members are also eligible to participate in the TSA PreCheck™ expedited screening program. As part of the process, all participants must be pre-approved for the Global Entry program and undergo a rigorous background check and interview before enrollment. Eligible American flight crew members may begin enrolling in the program this month.

Envoy Air Inc., an American Airlines Group wholly owned regional carrier, will also offer complimentary Global Entry membership to its more than 2,700 crew members.

Copyright Photo: Brian McDonough/AirlinersGallery.com. Boeing 737-823 N837NN (msn 30908) in the Oneworld scheme departs the runway at Washington’s Reagan National Airport.

American Airlines aircraft slide show (current livery):

Alaska Airlines is coming to Washington’s Dulles International Airport

Alaska Airlines (Seattle/Tacoma) on March 11, 2015 will begin daily nonstop service to Dulles International Airport from its SeaTac hub.

With the launch of Alaska’s Dulles flight next spring, Alaska customers will have nonstop access to all three D.C.-area airports from Seattle/Tacoma, including Reagan National Airport and Baltimore-Washington International Airport – more flights than any other carrier.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Boeing 737-890 N592AS (msn 35190) with Aviation Partners Boeing Split Scimitar Winglets arrives in Anchorage.

Alaska Airlines aircraft slide show: AG Slide Show