DALLAS, June 28, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring Republic Airways Holdings Inc. (Nasdaq:RJET). The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.
The full report is available at: www.microstockprofit.com/lp/RJET
Republic Airways Holdings (RJET) is an Indianapolis, Ind.-based airline holding company that owns Chautauqua Airlines, Frontier Airlines, Republic Airlines and Shuttle America. As of December 31, 2010, the Company's operating subsidiaries offered scheduled passenger service on 1,540 flights daily to 128 cities in 41 states, Canada, Mexico and Costa Rica under its Frontier operations and through fixed-fee code-share agreements with AMR Corp., the parent of American Airlines Inc. (American), Continental Airlines Inc. (Continental), Delta Air Lines Inc. (Delta), United Air Lines Inc. (United) and US Airways Inc. (US Airways). Currently, the Company provides its partners with fixed-fee regional airline services, operating as AmericanConnection, Continental Express, Delta Connection, United Express, or US Airways Express, including service out of their hubs and focus cities.
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In the report, the analyst notes:
"Shares of RJET gained 22% in Monday's trading after Frontier Airlines announced plans to add nonstop seasonal service between Branson, Mo. and both Austin, Tex and Phoenix, Ariz."
"RJET reported operating revenues of $659.1 million for the quarter ended March 31, 2011, up 8.3% from the year ago period's $608.7 million. The Company attributed the increase mainly to a 13.9% increase in Frontier's unit revenues."
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