Republic reports smaller loss on higher revenue

Republic Airways Holdings Inc. on Wednesday reported higher revenue and a smaller loss in the first quarter compared to the same period a year ago.

The Indianapolis-based company suffered a loss of $7.1 million, or 15 cents per share, for the quarter ended March 31, compared to a loss of $22.4 million, or 46 cents per share, in the same period last year.

Revenue rose to $697.6 million for the quarter, an increase of 5.8 percent compared to $659.1 million a year ago.

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