Republic Airways traffic, capacity down 7 percent
Republic Airways Holdings' airlines report 7 percent drop in traffic and capacity
INDIANAPOLIS (AP) -- Republic Airways Holdings Inc., which owns regional airlines, said Wednesday that traffic fell 7 percent in April as its Frontier Airlines subsidiary shrunk.
The company said that passengers flew 1.58 billion miles last month, down from 1.70 billion miles in April 2012. About half the traffic was on Frontier.
Republic's airlines cut capacity by the same 7 percent, but the average flight was 81 percent full, up from 80 percent a year earlier.
Besides Frontier, which it has tried to sell or spin off, Indianapolis-based Republic owns Chautauqua Airlines, Republic Airlines and Shuttle America. Part of Republic's business comes from operating regional flights on the brands of bigger airlines including Delta Connection, United Express, AmericanConnection and US Airways Express.
Shares of Indianapolis-based Republic fell 4 cents to $11.55 in midday trading.
