Republic Airways Holdings Inc. (NASDAQ: RJET) today reported preliminary passenger traffic results for May 2014.
The Company generated more than 1 billion revenue passenger miles (RPMs) in May, a 15% increase over the same period in 2013, on a 9% increase in available seat miles (ASMs). Block hours were virtually unchanged, and load factor increased four percentage points from the same period in 2013. Republic Airways carried nearly 2 million passengers, a 6% increase compared to May 2013.
May departures were 7% below the same period in 2013.
| May | ||||||||||||
| 2014 | 2013 | |||||||||||
| Total | Total | Change | ||||||||||
| RPMs (000s) | 1,027,414 | 891,844 | 15% | |||||||||
| ASMs (000s) | 1,240,755 | 1,135,791 | 9% | |||||||||
| Block Hrs | 63,641 | 63,704 | 0% | |||||||||
| LF % | 83% | 79% | 4 pts | |||||||||
| Passengers | 1,996,906 | 1,888,510 | 6% | |||||||||
| Departures | 35,395 | 37,879 | -7% | |||||||||
| Quarter to Date | ||||||||||||
| 2014 | 2013 | |||||||||||
| Total | Total | Change | ||||||||||
| RPMs (000s) | 1,999,315 | 1,721,967 | 16% | |||||||||
| ASMs (000s) | 2,457,848 | 2,228,427 | 10% | |||||||||
| Block Hrs | 126,847 | 125,079 | 1% | |||||||||
| LF % | 81% | 77% | 4 pts | |||||||||
| Passengers | 3,876,341 | 3,637,376 | 7% | |||||||||
| Departures | 70,378 | 73,932 | -5% | |||||||||
| Year to Date | ||||||||||||
| 2014 | 2013 | |||||||||||
| Total | Total | Change | ||||||||||
| RPMs (000s) | 4,564,953 | 4,016,427 | 14% | |||||||||
| ASMs (000s) | 5,824,110 | 5,396,149 | 8% | |||||||||
| Block Hrs | 312,460 | 302,658 | 3% | |||||||||
| LF % | 78% | 74% | 4 pts | |||||||||
| Passengers | 9,015,061 | 8,417,517 | 7% | |||||||||
| Departures | 173,727 | 176,556 | -2% | |||||||||
Republic Airways Holdings Inc., 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 240 aircraft and offer scheduled passenger service on about 1,300 flights daily to about 100 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. For more information on Republic Airways, please visit our website at www.rjet.com.
Contacts:
Scott Thien, 317-471-2470
scott.thien@rjet.com
