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Republic Airways Reports a 22% Increase in May 2008 Traffic

Posted on: Monday, 2 June 2008, 15:00 CDT

Republic Airways Holdings (NASDAQ: RJET), today reported preliminary passenger traffic results for May 2008. The company generated 898.0 million revenue passenger miles (RPMs), a 21.7% increase over the same month last year, while available seat miles (ASMs) increased 21.6% to 1.17 billion. Block hours were 65,149 in May 2008, a 15.9% increase over May 2007. Load factor was 76.8%, which was the same as May 2007. A total of 1,721,732 passengers were carried during the month, a 23.9% increase over the same month last year.

May ----------------------------- 2008 2007 Change ---------- ---------- ------ RPMs (000s) 898,032 738,077 21.7% ASMs (000s) 1,169,163 961,263 21.6% Block Hours 65,149 56,231 15.9% Load Factor 76.8% 76.8% 0.0 pp Passengers 1,721,732 1,390,075 23.9%

Quarter to Date ------------------------------- 2008 2007 Change --------- --------- -------- RPMs (000s) 1,772,402 1,420,731 24.8% ASMs (000s) 2,321,273 1,857,692 25.0% Block Hours 130,058 109,620 18.6% Load Factor 76.4% 76.5% (0.1) pp Passengers 3,393,876 2,676,608 26.8%

Year to Date ------------------------------ 2008 2007 Change ---------- ---------- ------- RPMs (000s) 4,069,112 3,131,430 29.9% ASMs (000s) 5,561,595 4,310,476 29.0% Block Hours 318,883 259,359 23.0% Load Factor 73.2% 72.6% 0.6 pp Passengers 7,835,613 5,926,904 32.2%

Republic Airways Holdings, based in Indianapolis, Indiana is an airline holding company that owns Chautauqua Airlines, Republic Airlines and Shuttle America. The airlines offer scheduled passenger service on approximately 1,300 flights daily to 120 cities in 39 states, Canada, Mexico and Jamaica through airline services agreements with six U.S. airlines. All of the airlines' flights are operated under their airline partner brand, such as AmericanConnection, Continental Express, Delta Connection, Frontier Airlines, United Express and US Airways Express. The airlines currently employ approximately 5,000 aviation professionals and operate 226 regional jets.

Source: Business Wire

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