Many US airlines pledge allegiance to Republic Airways. The airline holding company's subsidiaries
The company cited a lack of pilots for its troubles. After landing a union contract with its pilots, the company faced higher wage expenses and began renegotiating agreements with its partner airlines. With negotiations still pending, Republic filed for Chapter 11 bankruptcy in February 2016.
Republic carriers serve 100 cities in the US, Canada, and the Caribbean. The company has maintenance hangers in Indiana, Ohio, Kentucky, Pennsylvania, Missouri, and Wisconsin. It has a training facility in Indiana.
Republic posted a massive decline in revenues from $2.81 billion in 2012 to $1.35 billion in 2013, primarily due to the selling of its
The company's profits have fluctuated over the years; after decreasing in 2013, profits more than doubled from $27 million from 2013 to $64 million. The surge in profits was driven by a $18 million gain in the fair value of assets during 2014.
In late 2013 Republic sold its under-performing
Republic made headlines in late 2015 as it engaged in heated talks with its pilots union to settle contract disputes. Avoiding filing for bankruptcy, in late 2015 both sides agreed to a three-year contract for 2,100 Republic pilots represented by the Teamsters. Higher pay for the pilots led to further problems, though, and within months the firm ended up filing for bankruptcy protection anyway.
8909 PURDUE RD STE 300
Indianapolis, IN 46268-3152
Phone: 1 (317) 484-6000
Employer Type: Publicly Owned
SVP and CFO: Joe Allman
Chairman, CEO and President: Bryan K. Bedford
SVP Operations and Acting COO: Paul Kinstedt
Employees (This Location): 1,118
Employees (All Locations): 5,581