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Republic Airways Holdings Inc. (NASDAQ/NM: RJET) today reported preliminary passenger traffic results for December 2015.
The Company generated nearly 835 million revenue passenger miles (RPMs) in December, a 12% decrease over the same period in 2014, on a 16% decrease in available seat miles (ASMs). Block hours decreased 19%, and the load factor increased four percentage points from the same period in 2014. Republic Airways carried more than 1.5 million passengers during the month, a 15% decrease compared to December 2014.
December | ||||||
2015 | 2014 | |||||
Total | Total | Change | ||||
RPMs (000s) | 834,775 | 952,356 | -12% | |||
ASMs (000s) | 1,057,355 | 1,262,293 | -16% | |||
Block Hrs | 52,042 | 64,033 | -19% | |||
LF % | 79% | 75% | 4 pts | |||
Passengers | 1,567,291 | 1,833,185 | -15% | |||
Departures | 28,379 | 35,051 | -19% | |||
Quarter to Date | ||||||
2015 | 2014 | |||||
Total | Total | Change | ||||
RPMs (000s) | 2,669,641 | 2,881,740 | -7% | |||
ASMs (000s) | 3,326,265 | 3,752,552 | -11% | |||
Block Hrs | 164,846 | 190,934 | -14% | |||
LF % | 80% | 77% | 3 pts | |||
Passengers | 5,166,451 | 5,591,756 | -8% | |||
Departures | 92,433 | 105,476 | -12% | |||
Year to Date | ||||||
2015 | 2014 | |||||
Total | Total | Change | ||||
RPMs (000s) | 11,118,232 | 11,494,217 | -3% | |||
ASMs (000s) | 14,044,957 | 14,651,426 | -4% | |||
Block Hrs | 707,259 | 763,011 | -7% | |||
LF % | 79% | 78% | 1 pts | |||
Passengers | 21,933,617 | 22,576,914 | -3% | |||
Departures | 399,522 | 425,596 | -6% |
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 Jan. 11, 2016, the airlines operate a combined fleet of about 200 aircraft and offer scheduled passenger service with approximately 1,000 flights daily to about 120 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/20160111005804/en/
Republic Airways Holdings
Corporate Communications, 317-471-2470
CorpComm@rjet.com
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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