Republic reports double-digit 2Q loss with 631% swing
Once the analysts’ darling and a top performer in the regional airline industry, Republic’s fortunes have fallen dramatically since its acquisition of Frontier and Midwest and that is reflected in its second quarter earnings when it posted a USD14.9 million net loss, a 631.1% swing from the USD2.6 million profit earned in the previous corresponding quarter. It joins just American in posting losses for the quarter. The results only served to exacerbate the USD55 million lost in the first quarter.
