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Republic Airways Holdings Inc. Q2 2010 Earnings Call Transcript

As I mentioned Bryan and others will go through some prepared remarks' and then we'll be prepared to take your questions. So Bryan?

Bryan Bedford

Hey thanks Hal and good morning, we welcome to all of our listeners. Have to tell you we're very pleased to report a return to profitability which includes an X item profit for our Frontier. And in other course of the call you'll hear me refer to the brand business and Frontier those terms are interchangeable right now that we've made our brand decision. And it's not the Frontiers the surviving brand for our commercial operation.

Our results for the quarter exceeded our internal expectations and the guidance which we provided on our last call. I got to tell you this was the direct result of the hard work of my 11,000 co-workers. Our employees are working incredibly hard every day to ensure that our guest are receiving exceptional service on aircraft that are extremely full. As you saw from last night we reported another record load factor in excess of 91% for July. So boards very grateful for the hard work that our employees have given us and the fact that it's showing true in our financial performance. So again thanks to all of you, for you dedication and professionalism.

I'm going to quickly update our results from the press release last night and give me a from some of my coworkers here round the table let me start with a fixed he business free tax income was $18.2 million for the quarter we did have one unusual item better than that number which related to a out of period excise tax payment and if we exclude that item our prescription tax income was 20.8 million and not to prescription tax margin of 8% on revenue which would get in guy provided in the last call. We expect similar performance for a sixty business over the balance of 2010.

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