Republic Airways Holdings Inc. (RJET: Quote) Tuesday reported a second-quarter profit of $20 million or $0.40 per share, compared to a loss of $14.9 million or $0.40 per share in the same period last year.
On average, six analysts polled by Thomson Reuters expected the company to earn $0.25 per share for the quarter. Analysts' estimates typically exclude special items.
Consolidated operating revenues declined 1.2 percent to $728.1 million from $739.7 million last year. Analysts expected revenues of $724.78 million.
Operating expenses totaled $662.9 million, down 8.9 percent from $727.5 million last year.
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by RTT Staff Writer
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