[CORRECTED] Republic Airways Holdings, the Indianapolis-based parent of regional carriers Republic Airlines and Shuttle America, reported first-quarter net income of $6.4 million, down 54.3% from the company’s 1Q 2014 net earnings of $14 million. Republic cited “reduced operational reliability, fleet transition expenses related to the removal of [Bombardier] Q400 and [Embraer] E-190 aircraft from the operating fleet and employee severance costs” as factors that negatively ...

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