Imperial Capital Cuts Price Target on Republic Airways (RJET) to $10 Following 2Q Results
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Republic Airways Holdings Reports Second Quarter 2015 Financial Results
August 6, 2015 6:52 PM EDTINDIANAPOLIS--(BUSINESS WIRE)-- Republic Airways Holdings Inc. (NASDAQ/NM: RJET) today reported financial results for the second quarter of 2015.
Republic's pre-tax income for the second quarter of 2015 was $9.1 million, compared to $33.3 million for the prior year's second quarter. Republic's net income for the second quarter of 2015 was $4.3 million, or $0.08 per diluted share compared to prior year net income of $20.1 million or $0.38 per diluted share. The effective tax rate of 52.7% for the quarter was higher than the normalized tax rate, primarily due to the impact of miscellaneous non-deductible expenses.
The second quarter 2015 financial... More
