Republic Airways traffic up 2 percent

AP posted: 7:11 PM 12/07/11

INDIANAPOLIS -Republic Airways Holdings Inc., which uses regional jets to feed traffic to major airlines, said Wednesday that its November traffic rose 2 percent.

Republic said it flew almost 1.65 billion revenue passenger miles, or one passenger flown one mile, in November, up from 1.62 billion in November of 2010.

Meanwhile, flying capacity fell 2 percent to 2.04 billion available seat miles, down from 2.08 billion a year ago. Because traffic rose while capacity fell, its planes were fuller. Load factor rose 3 percentage points to 81 percent.

For the first 11 months of the year, traffic has fallen 1 percent to 19.27 billion revenue passenger miles. Capacity is down 1 percent to 24.08 billion available seat miles. Load factor is unchanged at 80 percent.

Shares of Indianapolis-based Republic rose 16 cents, or 4.2 percent, to close at $3.95.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

2011-12-07 19:11:09

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