Republic Airways Holdings, Inc. (NASDAQ:RJET)
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The Company operates as an air carrier providing scheduled passenger and air freight service as US Airways Express, AmericanConnection, Delta Connection and United Express.
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While this stock is unloved lately, it has the potential to be the next jetblue. The ticker info leaves out the fact that they also own Frontier airlines. The fastest growing airline in the country. To be growing right now is huge news. Why? They need new gates, equipment, and people. Right now all of these things comes at a discount. Some airports are desperate for new business (St. Louis, Cincinatti, Pittsburgh.) I wouldn't be suprised to see a major expansion into one of these markets in the next year all obtained at rock bottom landing rates and favorable lease agreements. When the sector picks up (higher prices, more discretionary spending, higher corporate travel budgets) the dollars will roll in. One big negative is the HUGE amaount of debt the company has. Also, the fact that their unions are becoming increasingly hostile because of drawn out contract negotiations and cheap tactics employed by management. In the short term I would not put it at a buy, but give it 6 mos. Hopefully by then some wrinkles will be ironed out. But, don't kid yourself, there is no way in hell this place will be the next southwest with it's current management, but maybe jetblue...