UPDATE 1-Republic Airways posts first quarter loss

Tue May 4, 2010 7:15pm EDT

*Q1 EPS loss $1.06/shr

*Revenue up 87 pct, aided by acquisitions

ATLANTA May 4 (Reuters) - Republic Airways Holdings (RJET.O) reported a first-quarter loss against a year-earlier profit on Tuesday as it had expenses tied to acquisitions.

The company, which owns regional carriers such as Frontier Airlines, Lynx Aviation and Midwest Airlines, reported a net loss of $36.5 million, or $1.06 a diluted share, compared with a net profit of $2.2 million, or 6 cents a share, a year earlier.

Operating revenue rose 87 percent to $608.7 million as latest results included the 2009 acquisitions of Midwest and Frontier.

Results included costs tied to the integration of the acquired carriers and the return of some aircraft. Republic also said winter storms in the quarter hurt pretax results by $7.5 million. (Reporting by Karen Jacobs; editing by Carol Bishopric)

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