Republic Airways reports higher profit, revenue

Republic Airways Holdings Inc. on Thursday reported first-quarter profit of $6.4 million, down 54 percent from the $14 million it made in the same period a year ago.

On a per-share basis, the Indianapolis-based company said it had profit of 13 cents. Earnings, adjusted for severance costs, came to 22 cents per share.

The Indianapolis-based parent of Chautauqua Airlines, Republic Airlines and Shuttle America posted revenue of $341 million in the period, up from $337 a year ago.

Republic shares rose 3.1 percent, to $11.77 each, Thursday before the earnings report.

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