Republic Airways Holdings reported second-quarter net income of $14.1 million, down 50.4% from a $28.4 million profit in the year-ago period, on an 18.2% fall in revenue to $320 million. Operating income dropped 18.4% to $53.6 million from $65.7 million as operating expenses lowered 18.2% to $266.3 million. During the quarter Republic made a bid to buy bankrupt Frontier Airlines. A US Bankruptcy Court has approved its $108.8 million proposal, but Southwest Airlines is now considering making ...

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