Republic Airways Holdings Inc. plans to seek reduced rates from aircraft lessors and vendors in order to cut expenses at its Chautauqua Airlines, where higher fuel prices have made the unit’s smaller jets too costly to operate.
The Indianapolis-based company’s quarterly revenue increased 7.4 percent, to $697.8 million, primarily due to an 11-percent increase in revenue from the Frontier unit.
Republic Airways Holdings Inc. expects to transfer 230 crew members to other cities as it cuts flights by its Frontier Airlines unit in Milwaukee, where it will eliminate as many as 180 jobs.
Frontier Airlines will cut daily departures from Milwaukee by 44 percent to drop unprofitable flights as Indianapolis-based parent Republic Airways Holdings Inc. prepares to sell or spin off the carrier.
A $120 million restructuring that included job cuts and cost reductions has returned Frontier Airlines to profit, allowing Republic to move ahead with the separation.
The chief executive at Indianapolis-based Republic Airways Holdings Inc. says he's trying to make the airline's money-losing Frontier Airlines unit more like lower-cost rivals Spirit Airlines and Allegiant Travel Co.
Republic Airways Holdings Inc. has heard from potential buyers for Frontier Airlines and is close to naming an adviser on whether the unit will be sold or spun off to shareholders, CEO Bryan Bedford said.
The new CEO, David Siegel, is a former CEO of US Airways Group Inc. and Avis Budget Group. He has been serving as Republic Airways' lead director.
Indianapolis-based Republic Airways Holdings Inc. on Wednesday raised its outlook related to the performance of its Frontier Airlines service.
Coach passengers on American Airlines and US Airways Group Inc. jets have the greatest risk of hassles, according to new rankings. Southwest Airlines Co. and Frontier Airlines, a unit of Indianapolis-based Republic Airways, posted the highest scores.
Republic Airways Holdings Inc., which uses regional jets to feed traffic to major airlines, said that its November traffic rose 2 percent.
Indianapolis-based Republic Airways Holdings Inc. said it has hired GE Aviation to help it analyze and reduce its spending on fuel.
Frontier Airlines will cut 4.4 percent of its work force as it reduces flight operations in Denver and Milwaukee after Indianapolis-based parent Republic Airways Holdings Inc. said the carrier would be sold or spun off.
Republic Airways Holdings Inc. operates airlines and provides more than 1,500 flights daily.
Republic Airways Holdings Inc. shares soared more than 61 percent Tuesday after the company said it would likely sell or spin off its Frontier Airlines unit.
Republic Airways pilots who fly regional jets for several airlines are voting on whether to authorize a strike if negotiators can't agree on a new contract.
Republic Airways Holdings Inc. is considering the sale of planes and airport landing rights in Washington, D.C., to help raise about $113 million in a second round of restructuring at its unprofitable Frontier Airlines unit.
Frontier Airlines, a division of Indianapolis-based Republic Airways Holdings Inc., plans to eliminate 213 jobs at Mitchell International Airport in Milwaukee, where it is also cutting flights to several cities.
Returning its Frontier unit to profitability is seen as a daunting task, and some industry analysts have wondered aloud if the Denver subsidiary will end up in bankruptcy again or Republic will become an acquisition target.
The union representing nearly 1,000 flight attendants ratified a labor agreement with Republic Airways subsidiary Frontier Airlines aimed at cutting costs.
