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Republic Airways freed itself of money-losing Frontier, and Republic recorded a nice profit in the first quarter despite massive flight cancellations.
Republic Airways Holdings, a regional airline that operates flights for American Eagle, Delta Connection, United Express and US Airways Express, canceled 12,400 flights in the first quarter mostly due to the deep freeze and extreme weather in the first two months of the year, the company said.
Republic still managed to post $14 million in net income in the first quarter, a 4,566.7% increase from the $300,000 in profit it recorded a year earlier. The Q1 2013 numbers were dragged down by losses at Frontier Airlines, which Republic sold to Indigo Partners last year.
Republic’s first quarter 2014 revenue climbed 3.9% to $337.5 million, and the company attributed the increased to increased flying of E175s for American Airlines and and Q400s for United.