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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.
Excluding fuel of its service revenue wee down $42 million that’s a 15% reduction year on year on a 16% decrease and dark hours the effect of the decrease is Cisco action some of the that we will be doing in our sixty segment and also and the most of method that play the fact that when our recording the regional operation that will be doing for mid west for last year is no longer better than our fixed key results its not being moved every two out branded foreign segment the cost excluding the quarter drop 2% to $7.86 from $8.03 in the second quarter last year.But that’s really dehydrated someone time in 2009 for our aircraft return cost that pushed our cost out so I sense it so cost performance by year over year on the bright side on the frontier business segment I am very pleased to say much difference to show in last quarter total revenue were up 480 million for the quarter that’s an increase of 9.3% from the combined results of the business of 2009. The revenues in the second quarter came in $10.76 which is a 2% increase over 2009 and quite a bit better than the guidance we gave of 10.3 to 10.5 our last call regular topics are DPF and management are going to give lot more color on regular performance so also got we did it chief factors of reach of 3 milestone during the quarter we produced an 85.9% factor for entire quarter which compares quite fair with the ATB 81.8% road factor we care and Q2 of 2009 flow cost for that quarter came in $2.34 a gallon that excludes a 3.8 million charge we took for our fuel hedge mark-to-market adjustment. And that's $0.68 higher than the price per gallon we paid in the brand business over the second quarter 2009. And it is focused on the cost difference -- it's about a $40 million head wind in our results this quarter. Read the rest of this transcript for free on seekingalpha.com