Republic Airways Holdings reported third-quarter net income of $17 million, a 15.7% drop from the $20.2 million earned in the year-ago period. Operating revenue rose 16.7% year-over-year to $385.2 million and expenses climbed 19.2% to $325 million. Operating income was up 4.8% to $60.2 million from $57.4 million last year. During the quarter the company incurred $7.4 million in expenses related to the estimated return costs of 11 ERJ-135s and $8 million in carrying costs tied to unallocated ...

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