New York, July 29th (TradersHuddle.com) – Shares of Republic Airways Holdings (NASDAQ:RJET) are trading lower by -0.23% ahead of its quarterly earnings release. Republic Airways, the airline holding company offering branded and fixed-fee airline services is expected to release its quarterly results on August 1st.
Wall Street Analysts consensus calls for a loss of $-0.09 a share on $723.36 million revenue.
Republic Airways estimates have a range of $0.21 a share. The high estimate calls for profit of $0.05 a share and the low estimate is calling for a loss of $-0.16 a share, a year ago for the quarter the company reported $0.08 a share.
Republic Airways Holdings (NASDAQ:RJET), based in Indianapolis, Indiana, is an airline holding company that owns Chautauqua Airlines, Frontier Airlines, Lynx Aviation, Midwest Airlines, Republic Airlines and Shuttle America. The airlines offer scheduled passenger service in the U.S., Canada, Costa Rica, and Mexico under branded operations at Frontier, Midwest, and through fixed-fee airline services agreements with five major U.S. airlines. The fixed-fee flights are operated under an airline partner brand, such as AmericanConnection, Continental Express, Delta Connection, United Express, and US Airways Express.
Other companies on the watch on this earnings event are SkyWest, Inc. NASDAQ:SKYW and .
Earlier in the month, the airline announced its preliminary traffic results for June. Republic Airways generated 1.9 billion revenue passenger miles, a 3% decrease from the same month in the prior year, while capacity remained unchanged at 2.3 billion available seat miles.