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Stock Market & Financial Investment News

News Breaks
February 14, 2014
12:24 EDTRJETRepublic Airways reaches tentative agreement with pilot union
Republic Airways Holdings announced that it has reached a Tentative Agreement on a new four-year contract with the International Brotherhood of Teamsters Local 357. Local 357 represents more than 2,200 pilots for sister companies Chautauqua Airlines, Republic Airlines and Shuttle America. The proposed contract includes increases in pay that will place Republic pilots at or near the top of its airline peers. It also includes improvements in work rules, quality of life enhancements and more flexibility in scheduling as well as a significant signing bonus if ratified. The TA still must be presented to union members for review and a formal ratification vote, which is expected in March.
News For RJET From The Last 14 Days
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April 7, 2014
12:01 EDTRJETRepublic Airways reports 14% increase in March RPMs
The company generated nearly 1B revenue passenger miles in March, a 14% increase over the same period in 2013, on a 10% increase in available seat miles. Block hours were 7% greater, and load factor increased three percentage points from the same period in 2013. Republic Airways carried nearly 2 million passengers, a 10% increase compared to March 2013. March departures were 3% above the same period in 2013.
08:10 EDTRJETRepublic Airways' board approves plan for shareholder returns
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April 4, 2014
13:27 EDTRJETRepublic Airways says IBT Local 357 fails to ratify proposed four-year contract
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