Indiana-based Republic Airways Holdings—parent of Chautauqua Airlines, Republic Airlines and Shuttle America—reported a 2013 net profit of $26.7 million, down 48% from $51.3 million in the year-ago period. Full-year revenue fell 2.2% to $1.35 billion while expenses lowered 4.4% to $1.16 billion, producing an operating income of $191 million, up 13.4% year-over-year. Republic completed the sale of Frontier Airlines to Indigo Partners in December 2013 for $76.6 million. The company ...

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