Republic Airways Profits And Revenues Surge (RJET)

Indianapolis, Indiana based Republic Airways Holdings, Inc. RJET on Monday morning released financial results. Republic Airways Holdings, Inc reported that its 3rd quarter net income rose to $21.3 million, or 58 cents per share, up from $3.3 million, or 9 cents per share, a year earlier. Excluding special items, the company earned 76 cents per share. The company's revenues jumped 98% to $711.9 million, up from $359.6 million a year earlier. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 62 cents per share, on revenue of $713.73 million. Republic Airways Holdings, Inc. (RJET) ended the previous trading session at $9.07 per share. Analysts covering the company's stock have a consensus price target of $9.10 per share. Read more from Benzinga's Company news.