Goldman Sachs Gives Color on Republic Airways Holdings

Goldman Sachs has published a report on Republic Airways Holdings RJET revising EPS estimates. In the report, Goldman Sachs wrote, "Republic Airways reported its June quarter (2Q) results after the close yesterday. Consolidated revenue of $739.7mn (up 8.3% yoy) was ahead of our/Street estimates of $730.6mn/$723.4mn, but higher fuel, maintenance, and other operating expenses caused an 18.4% yoy jump in total expenses and drove operating margins to 2.9% (down from 9.3% in 2Q10) and nonGAAP EPS to -$0.18 vs. our/Street estimates of -$0.03/-$0.09." Goldman Sachs rated Republic Airways Holdings a Neutral with no price target given. Republic Airways Holdings closed Monday at $4.27.