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Monday, February 27, 2006

Box Scores: December Financial Reports

Republic Airways Holding [RJET] (Chautauqua Airlines, Shuttle America, Republic Airlines) {American, Delta, United and US Airways}
December Trend | 2004 to 2005 Trend Quarter Ending Dec. 30, 2005 Quarter Ending Dec. 30, 2004 Percent Change Year 2005 Year 2004 Percent Change
UP | UP Revenue
$251.7M
$188.5M
33.5%
$905M
$646.3M
40%
UP | UP Expenses
$201.9M
$157.2M
28.4%
$746.3M
$554.9M
34.5%
UP | UP Operating Income
$49.7M
$31.2M
59.3%
$158.7M
$91.3M
73.8%
UP | UP Net Income
$18.4M
$14.7M
25.2%
$60.6M
$38.8M
56.2%
DN | UP Net Income Per Share
43 cents
56 cents
(23.2%)
$1.66
$1.62
2.5%
DN | DN CASM
12.03 cents
13.14 cents
(8.4%)
12.35 cents
12.63 cents
(2.3%)

Analysis: Republic's fourth quarter earnings were three cents a share better than Wall Street's estimates. Fourth quarter revenue was up primarily because the company was flying 36 70-seat Embraer 170s this year that it was not last year. Between September and November, Republic removed seven 50-seat RJs from US Airways' and United's fleets. Five of these planes have been subleased to foreign carriers and two have been added to Republic's charter fleet.

[ ] corporate stock symbol ( ) Operating units { } code-share partners

Source: Company report

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