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Republic Airways earnings rise despite lower revenue

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Republic Airways Holding Inc. beat analyst expectations for earnings in the second quarter despite a nearly 6-percent drop in revenue during the period.

The Indianapolis-based company on Thursday reported earnings of $24.6 million, or 46 cents per share, a 23-percent increase over the previous year. The quarterly earnings beat consensus analyst predictions by 4 cents per share.

Frontier attributed the increased profit to the "redeployment of idled 50-seat aircraft and the successful completion of our Chautauqua restructuring efforts."

Revenue dropped 5.8 percent, however, to $336.8 million in the quarter. Republic attributed the revenue decline to decreased seat capacity because Denver-based subsidiary Frontier Airlines is operating fewer aircraft than a year ago.

Frontier earnings dipped slightly in the quarter, to $13.7 million this year from $14.1 million a year ago.

Republic shares closed at $13.03 each Thursday, a 92-percent increase since the beginning of the year.

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  1. Once a Marion Co. commuter tax is established, I'm moving my organization out of Indianapolis. Face it, with the advancement in technology, it's getting more cost effective to have people work out of their homes. The clock is running out on the need for much of the office space in Indianapolis. Establishing a commuter tax will only advance the hands of the clock and the residents of Indianapolis will be left to clean up the mess they created on their own, with much less resources.

  2. The 2013 YE financial indicates the City of Indianapolis has over $2 B in assets and net position of $362.7 M. All of these assets have been created and funded by taxpayers. In 2013 they took in $806 M in revenues. Again, all from tax payers. Think about this, Indianapolis takes in $800 M per year and they do not have enough money? The premise that government needs more money for services is false.

  3. As I understand it, the idea is to offer police to live in high risk areas in exchange for a housing benefit/subsidy of some kind. This fact means there is a choice for the officer(s) to take the offer and receive the benefit. In terms of mandating living in a community, it is entirely reasonable for employers to mandate public safety officials live in their community. Again, the public safety official has a choice, to live in the area or to take another job.

  4. The free market will seek its own level. If Employers cannot hire a retain good employees in Marion Co they will leave and set up shop in adjacent county. Marion Co already suffers from businesses leaving I would think this would encourage more of the same.

  5. We gotta stop this Senior crime. Perhaps long jail terms for these old boozers is in order. There are times these days (more rather than less) when this state makes me sick.

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