About that other airline

April 4, 2008
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As postmortems fly on ATAâ??s second, and final, nosedive into bankruptcy, another Indianapolis airline is doing a lot better and getting hardly any attention.

Republic Airways Holdings Inc. isnâ??t a household name because it quietly flies regional routes on behalf of big carriers. Those regional airlines are called Chautauqua Airlines, Republic Airlines and Shuttle America.

The news out of Republic couldnâ??t sound more different than ATAâ??s. Republic releases include words like â??increase,â?? â??higherâ?? and â??improved.â??

Its stock price has been flat near $20 a share for the past year, but the plateau came after climbing from an initial public offering price of $13 in 2004, and at a time lots of other airline stocks arenâ??t performing well.

Early last year it announced plans to add 1,000 pilots by the end of 2008. That would bring the headcount on pilots alone to 2,600. As is the case with other airlines, nowhere near all of them will live in the companyâ??s headquarters city.

Still, itâ??s growth.

What do you think?
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  • Thank you so much for the kudos! I work for Chautauqua and it is a great company. We aren't going to get rich on our salaries, but neither are the others with the cuts they have taken. We at least have a nice, secure job and a company that cares about its employees. It is a great relationship we have with the other carriers. We supply the expensive jets and people and they provide our salaries. I'm very proud to say I work for such a nice little company that does such a nice job.

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