Rising expenses from adding new aircraft put a drag on third-quarter profit at Republic Airways Holdings, which fell 8 percent from the same time last year, to $20.2 million. Earnings per share fell slightly to 49 cents, from 50 cents for the same quarter last year, the Indianapolis-based carrier reported yesterday. The operator of regional […]
Democrats are accusing the state Republican Party of negative campaigning after the party mailed cards to residents of South Bend claiming that businesses are leaving the city, among other problems. “RIP,” said the card, which has a picture of a tombstone. “Here lies South Bend, a once vibrant city now abandoned by business, overrun by […]
The addition of 39 regional jets and resulting increase in passenger traffic helped fuel a 14.1-percent improvement in first-quarter profit for Republic Airways Holdings Inc., the Indianapolis carrier said yesterday. The parent of Chautauqua and Republic airlines and Shuttle America reported $19.3 million in net income. Republic also said its plans to add 54 regional […]
Delta Air Lines will continue using 55 planes flown by Chautauqua Airlines and Shuttle America if a court approves an agreement reached between bankrupt Delta and the parent of Chautauqua and Shuttle America, Indianapolis-based Republic Airways Holdings said today. Maintaining the contract with Atlanta-based Delta was critical for Republic because the 55 planes amounted to […]
Indianapolis-based Republic Airways Holdings Inc. has renewed employment contracts with its three top executives and sweetened their compensation. Salary and minimum bonus for CEO and Chairman Bryan Bedford increased to $787,500 from $510,000. His minimum bonus nearly doubled, to $337,500. Bedford’s contract, which was to expire in July, now extends through June 2008. Smaller boosts […]
Fourth-quarter profit rose 10.3 percent for Republic Airways Holdings Inc., the Indianapolis company said Wednesday. The $20.4 million in earnings was driven by $295.3 million in revenue, up 17.3 percent. Republic operates Chautauqua Airlines Inc., Republic Airlines Inc. and Shuttle America Corp., and serves American Airlines Inc., US Airways, Delta Air Lines Inc. and United […]
It’s a long shot-probably longer than the odds the Chicago Bears faced against the Indianapolis Colts-but the city could host the Super Bowl in 2011 and the Republican National Convention the following year. City leaders hope to convince NFL owners that the city is more deserving than Phoenix, Dallas and possibly New Orleans, which could be the sentimental favorite if, in fact, it submits a bid. Indiana Republicans, meanwhile, are setting their sights on 2012 and are just beginning to…
Republic Airways Holdings said it plans to hire more than 1,000 pilots by the end of 2008, swelling its pilot ranks to 2,600. The Indianapolis-based holding company said its carriers—Chautauqua Airlines, Republic Airlines and Shuttle America—need more pilots to keep pace with Republic’s partnerships with American, Continental, United and Delta airlines. Republic will begin service […]
Republic Airways Holdings plans to add more than 1,000 jobs, including some at its Indianapolis headquarters, thanks to a deal to fly larger aircraft for US Airways and its first contract to fly for Continental Airlines.
As you remember from the legend, Rip Van Winkle wandered off one day into the Catskill Mountains and ended up sleeping under a tree for 20 years. When he wandered back into his village, unaware that he’d slept so long, Van Winkle found things back home had changed in dramatic ways. You might have forgotten this detail from the story: Rip reappeared in his New England town on Election Day, shortly after the end of the Revolutionary War. When he…
After Republicans Scott Keller and Lance Langsford broke party ranks at the Dec.19 City-County Council meeting and voted for cop consolidation and an expanded human-rights ordinance, fellow Republican Jim Bradford e-mailed them and questioned whether they were true Republicans. Lately, it’s Bradford and other Republican hard-liners who don’t seem like the Indianapolis Republicans of old. Republicans mayors Richard Lugar, William Hudnut and Steve Goldsmith provided pragmatic, progressive leadership here in the 1970s and ’80s and ’90s. Lugar and longtime Council…
Republic Airways Holdings Inc. has landed a break from an arbitrator who ruled the Indianapolis regional airline is obligated to hire no more than half the 300 pilots employed by US Airways’ MidAtlantic regional airline, which Republic is acquiring. Regional carrier Republic can avoid higher personnel costs by not having to hire as many U.S. Airways pilots with seniority. The amount of the savings was not immediately available. But Republic remains a defendant in a complicated, $1.2 billion lawsuit that…
Republic Airways Holdings plans to add nearly 200 aircraft maintenance jobs at Indianapolis International Airport, based on employment projections in a lease the carrier recently signed for a new hangar. The Indianapolis-based regional carrier that employs 114 mechanics here “agrees to use commercially reasonable efforts to achieve average employment of 300 full-time Indiana resident employees at the facility … at an average salary of $18 per hour during the first year,” states a lease signed April 15 with the Indianapolis…
A memo by Republic Airways warns of the need for employee concessions if ailing partner U.S. Airways ceases operations, Teamsters officials said. The union representing 1,000 cockpit crew members and 600 flight attendants at Republic’s Chautauqua Airlines unit has found itself-not the Indianapolis company-on the defensive, however. Union leaders are wrinkled at what they say is a disingenuous memo Republic CEO Bryan Bedford sent to workers about seven weeks ago, alleging that the union has withheld information from pilots and…
Perhaps the most surprising aspect of this session’s first five weeks has been all the talk about imposing or raising taxes. A surfeit of Republicans ran for assorted offices last year complaining about the condition of the state budget, but pledged to bring it back into balance by attacking fraud and waste, and simply cutting more programs. Many Democrats who ran against them acknowledged budget “issues,” but suggested they could be managed and the budget would not be balanced on…
Hoosier-based companies registered five initial public offerings last year, a robust number considering not a single Indiana business went public in 2003. The uptick could signal the state’s economy, as well as the nation’s, is on the mend. Nationally, 233 companies raised $43 billion collectively to go public on the major U.S. stock exchanges in 2004, a 195-percent increase in the number of IPOs over 2003. And the performance could be even stronger this year, said Richard Peterson, a market…
The possible liquidation of US Airways, a fate perhaps sealed by an employee sickout last month that infuriated passengers, threatens to cause a financial fever at Indianapolis-based Republic Airways Holdings. Twice-bankrupt US Airways is Republic’s largest customer, amounting to 43 percent of its operating revenue on Sept. 30. Regional carrier Republic flies Embraer jets for US Airways and three other carriers out of Indianapolis and other cities in the eastern United States. Industry observers say US Airways’ baggage handlers may…
President Donald Trump, Defense Secretary Pete Hegseth and other officials took to social media to chastise Anthropic for failing to allow the military unrestricted use of its AI technology.
A bill that would put a $500 million casino in northeast Indiana is heading to the governor’s desk with mandatory referendum language — a previous point of contention among some lawmakers.
The chamber’s final 43-6 vote on Senate Bill 282 followed weeks of negotiations between lawmakers and competing corners of the health care industry.
