Republic's profit plunges
Indianapolis — Republic Airways reported a smaller third-quarter profit this week, despite the addition of Midwest Airlines.
Indianapolis-based Republic reported earnings of $3.3 million, or 9 cents per share, an 80 percent drop from $17 million, or 50 cents, a year earlier. Analysts surveyed by Thomson Reuters were expecting, on average, a profit of 29 cents a share.
Revenue fell 6.7 percent to $359.6 million, from $385.2 million a year earlier.
(Star and news service reports)
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