Republic Airways Holdings Inc. (NASDAQ: RJET) today reported preliminary passenger traffic results for October 2015.
Republic Airways generated more than 962 million revenue passenger miles (RPMs) in October, down about 5 percent compared to the same period in 2014, with an 8 percent reduction in available seat miles (ASMs). Block hours declined 11 percent to about 58,000, and the load factor increased 2 percentage points compared to the same period last year. The Company carried more than 1.9 million passengers during the month, a 5 percent decrease compared to October 2014.
| October | ||||||||||||
| 2015 | 2014 | |||||||||||
| Total | Total | Change | ||||||||||
| RPMs (000s) | 962,386 | 1,017,614 | -5% | |||||||||
| ASMs (000s) | 1,169,018 | 1,277,364 | -8% | |||||||||
| Block Hrs | 58,132 | 65,265 | -11% | |||||||||
| LF % | 82% | 80% | 2 pts | |||||||||
| Passengers | 1,901,909 | 2,011,020 | -5% | |||||||||
| Departures | 33,293 | 36,834 | -10% | |||||||||
| Year to Date | ||||||||||||
| 2015 | 2014 | |||||||||||
| Total | Total | Change | ||||||||||
| RPMs (000s) | 9,410,978 | 9,630,090 | -2% | |||||||||
| ASMs (000s) | 11,887,710 | 12,176,238 | -2% | |||||||||
| Block Hrs | 600,545 | 637,342 | -6% | |||||||||
| LF % | 79% | 79% | 0 pts | |||||||||
| Passengers | 18,669,075 | 18,996,178 | -2% | |||||||||
| Departures | 340,382 | 356,954 | -5% | |||||||||
Republic Airways Holdings Inc., based in Indianapolis, Indiana, is an airline holding company that owns Republic Airlines and Shuttle America, collectively called “the airlines.” As of Nov. 11, 2015, the airlines operate a combined fleet of about 210 aircraft and offer scheduled passenger service with approximately 1,100 flights daily to about 110 cities in the U.S., Canada and the Caribbean through fixed-fee flights operated under our major airline partner brands of American Eagle, Delta Connection and United Express. The airlines currently employ about 6,200 aviation professionals. For more about Republic Airways, please visit our website at www.rjet.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151111006400/en/
Contacts:
Corporate Communications, 317-471-2470
CorpComm@rjet.com
