REPUBLIC AIRWAYS HOLDINGS INC (RJETQ) [Rocket]

In millions, except per share items	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11	Dec-31-10	Dec-31-09	Mar-16-09
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Other							17.5
Fixed Fee							1,180.4
Branded Passenger Service							444.3
Total revenues [+]	1,344.0	1,375.4	1,346.5	1,377.4	1,514.4	2,653.7	1,642.2	1,479.8
Passenger			46.3	247.9	388.9	1,541.3	421.0
Cargo & freight							41.0
Other	23.7	26.9	24.1	27.4	0.2		9.8
Revenue growth [+]	-2.3%	2.1%	-2.2%	-9.0%	-42.9%	61.6%	11.0%	14.5%
Other							-2.7%
Cost of goods sold [+]	606.2	583.3	575.9	613.9	718.7	1,292.8	607.1	580.1
Labor costs	399.4	368.0	342.1	308.4	297.1	549.9	342.4
Sales commissions and fees				308.4	297.1		342.4
Fuel costs	9.3	22.4	44.9	161.4	303.4	616.9	236.6
Real estate taxes and insurance	19.3	19.9	25.1	24.7	26.2	45.5	28.1
Gross profit	737.8	792.1	770.6	763.5	795.7	1,360.9	1,035.1	899.6
Gross margin	54.9%	57.6%	57.2%	55.4%	52.5%	51.3%	63.0%	60.8%
Selling, general and administrative [+]	191.1	173.0	150.7	12.8	21.2	134.8	36.3	1,224.7
Sales and marketing				12.8	21.2	134.8	36.3
Other operating expenses	261.6	207.2	257.0	422.2	443.8	876.7	441.2
EBITDA [+]	285.1	411.9	362.9	328.5	330.7	349.4	557.6	388.3
EBITDA growth	-30.8%	13.5%	10.5%	-0.7%	-5.4%	-37.3%	43.6%	15.3%
EBITDA margin	21.2%	29.9%	27.0%	23.8%	21.8%	13.2%	34.0%	26.2%
Depreciation	191.1	173.0	150.7	160.0	162.9	189.0	163.6	133.2
EBITA	94.0	238.9	212.2	168.5	167.8	160.4	394.0	255.1
EBITA margin	7.0%	17.4%	15.8%	12.2%	11.1%	6.0%	24.0%	17.2%
Amortization of intangibles						15.5
EBIT [+]	94.0	238.9	212.2	168.5	167.8	144.9	394.0	255.1
EBIT growth	-60.7%	12.6%	25.9%	0.4%	15.8%	-63.2%	54.5%	10.8%
EBIT margin	7.0%	17.4%	15.8%	12.2%	11.1%	5.5%	24.0%	17.2%
Non-recurring items [+]	9.2	53.4	21.2		191.1	11.5	122.6
Asset impairment	9.2	53.4	21.2		191.1	11.5	122.6
Interest expense, net [+]	121.2	119.7	112.2	117.6	126.0	151.7	145.0	117.7
Interest expense	121.2	119.7	112.2	117.6	126.0	151.7	145.0	131.9
Interest income								14.2
Other income (expense), net [+]	1.6	19.4	2.5	0.2	0.2	-3.2	9.8
Gain (loss) on acquisitions / transactions							-203.7
Other	1.6	1.0	2.5	0.2	0.2	-3.2	9.8
Pre-tax income	-34.8	85.2	81.3	51.1	-149.1	-21.5	136.2	137.4
Income taxes	-7.7	20.9	33.0	19.8	-55.8	-7.7	99.8	52.8
Tax rate	22.1%	24.5%	40.6%	38.7%	37.4%	35.8%	73.3%	38.4%
Minority interest							3.3
Earnings from continuing ops	-27.1	64.3	48.3	31.3	-93.3	-13.8	36.4
Earnings from discontinued ops			-21.6	20.0	-58.5
Net income	-27.1	64.3	26.7	51.3	-151.8	-13.8	36.4	84.6
Net margin	-2.0%	4.7%	2.0%	3.7%	-10.0%	-0.5%	2.2%	5.7%

Basic EPS [+]	($0.53)	$1.29	$0.98	$0.65	($1.94)	($0.38)	$1.15	$0.00
Growth	-141.4%	31.5%	52.1%	-133.3%	405.0%	-133.3%	-52.7%	-100.0%
Diluted EPS [+]	($0.53)	$1.23	$0.88	$0.61	($1.94)	($0.38)	$1.13	$0.00
Growth	-143.6%	38.7%	45.3%	-131.5%	405.0%	-133.9%	-53.3%	-100.0%

Shares outstanding (basic) [+]	50.7	49.8	49.2	48.5	48.2	36.0	31.7	34.8
Growth	1.8%	1.2%	1.4%	0.6%	33.9%	13.7%	-9.1%	-13.8%
Shares outstanding (diluted) [+]	50.7	52.4	54.6	51.4	48.2	36.0	32.2	35.0
Growth	-3.2%	-4.0%	6.2%	6.6%	33.9%	11.8%	-7.8%	-14.7%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.