Republic March traffic flat as capacity falls

Republic Airways posts flat passenger traffic for March as capacity falls, load factor rises

Associated Press

INDIANAPOLIS (AP) -- Republic Airways Holdings Inc., which uses regional jets to feed traffic to major airlines, said Monday that its March traffic was flat compared with a year ago.

The airline flew a total of 1.81 billion revenue passenger miles, or one passenger flown one mile, largely the same as the 1.8 billion it flew in the same month last year.

Meanwhile, capacity fell 2 percent to 2.25 available seat miles from 2.3 billion in March 2011. Because traffic was flat while capacity fell, its planes were fuller. Load factor rose 2 percentage points to 80 percent.

For the first three months of this year, traffic fell 3 percent to 4.84 billion revenue passenger miles, while capacity rose 1 percent 6.37 billion available seat miles.

Load factor rose by 2 percentage points to 76 percent.

Separately on Monday, the company's Frontier Airlines subsidiary said its consolidated March traffic fell 1 percent to 1.1 billion revenue passenger miles from 1.11 billion in the year-ago period.

Available seat miles dropped 3 percent to 1.28 billion from 1.32 billion, while load factor increased by 1.9 percentage points to 86.3 percent.

For the year-to-date, Frontier's consolidated traffic rose 3 percent to 2.96 revenue passenger miles, while available seat miles dropped 2 percent to 3.57 billion and load factor increased by 4 percentage points to 82.9 percent.

In afternoon trading, Republic shares fell 9 cents, or 1.8 percent, to $4.91. Its shares have traded in a 52-week range of $2.47 to $6.33.

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