However this is exacerbating an already-unstable situation within the company. Existing workers have not been able to reach a new labor contract at competitive rates. This has the makings of something potentially catastrophic for Republic Airways.
Separately, Republic Airways said it expects to report second-quarter net income of $4 million to $5 million, or earnings per share (EPS) of $0.08 to $0.10. There are consensus analyst estimates from Thomson Reuters that call for $0.28 in EPS on $349.93 million in revenue in the second quarter.
In terms of the full year, consensus estimates call for $1.12 in EPS on $1.42 billion in revenue. Considering this recent development these could drastically change as the near-term guidance will most likely provoke a change in estimates as well.
Shares of Republic Airways closed Monday down 55.7% at $3.77 on a 52-week trading range of $3.56 to $15.36. The stock has a consensus analyst price target of $14.75. However the company has gotten some of it back in the after-hours trading session, shares were up about 1.3% at $3.82 after the close.
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