RJET to Cut 500

Approximately 500 employees, 10 percent of its workforce, will be cut by Republic Airways Holdings resulting from market conditions as well as capacity cuts by major partners. The moves comes after news that subsidiary Chautauqua’s United Express operation would end at the end of next year. Related Story  The staff reductions will take place over the next several months. The company believes a portion of the reduction will occur through normal attrition.
"These reductions reflect our response to the actions our network partners are taking to reduce the size of their domestic hub operations in light of sustained, high fuel prices," said Bryan Bedford, chair, president and CEO. The combined impacts of fewer aircraft flying and lower utilization rates on our smaller jet aircraft are leaving us with no choice but to adjust our business to current market conditions. We regret having to make this difficult decision and we will continue working hard to grow our business with larger capacity aircraft and get our people back to work as soon as possible."
Recently several other regionals announced capacity cuts. Related Story