Republic Airways (RJET) Misses Q1 EPS by 2c

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Go back to Republic Airways (RJET) Misses Q1 EPS by 2c

Republic Airways Holdings Reports First Quarter 2015 Financial Results

May 7, 2015 7:08 PM EDT

INDIANAPOLIS--(BUSINESS WIRE)-- Republic Airways Holdings Inc. (NASDAQ/NM: RJET) reported financial results for the first quarter of 2015.

Republics pre-tax income for the first quarter of 2015 was $11.2 million, compared to $22.8 million for the prior years first quarter. Republics net income for the first quarter of 2015 was $6.4 million, or $0.13 per diluted share. The Company incurred approximately $8.0 million, or $0.09 per diluted share, for charges related to fleet transition expenses and employee severance costs, which are included in other operating expense.

The first quarter of 2015 results also were negatively affected by a reduction in... More