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Republic Airways Holdings Reports a 48.7% Increase in February 2005 Traffic

INDIANAPOLIS--(BUSINESS WIRE)--March 7, 2005--Republic Airways Holdings Inc. (NASDAQ:RJET), parent company of Chautauqua Airlines, today reported preliminary passenger traffic results for February 2005. The company generated 290.0 million revenue passenger miles (RPMs), a 48.7% increase over the same month last year, while available seat miles (ASMs) increased to 442.2 million, a 36.9% increase. Load factor was 65.6% versus 60.4% in February 2004. A total of 596,870 passengers were carried during the month, a 50.4% increase over the same month last year.

                               February
                               --------
                                           2005      2004      Change
                                           ----      ----      ------
Revenue Passenger Miles (000)             289,997   195,049      48.7%
Available Seat Miles (000)                442,169   323,085      36.9%
Load Factor                                 65.6%     60.4%   5.2 Pts.
Passengers                                596,870   396,918      50.4%

                     Year to date through February
                     -----------------------------

                                           2005      2004      Change
                                           ----      ----      ------
Revenue Passenger Miles (000)             576,909   379,706      51.9%
Available Seat Miles (000)                905,550   660,854      37.0%
Load Factor                                 63.7%     57.5%   6.2 Pts.
Passengers                              1,194,496   767,978      55.5%

Chautauqua Airlines offers scheduled passenger service on more than 700 flights daily to 76 cities in 32 states, the District of Columbia, Canada and the Bahamas through code sharing agreements with four major U.S. airlines.

The airline currently operates a fleet of 116 Embraer regional jets, including 68 ERJ-145s, 15 ERJ-140s, 17 ERJ-135s and 16 Embraer 170's. All of its flights are operated under its major airline partner brand, such as AmericanConnection, Delta Connection, United Express and US Airways Express. The airline employs more than 2,400 aviation professionals.

CONTACT: Republic Airways Holdings
Warren R. Wilkinson, 317-484-6042

SOURCE: Republic Airways Holdings Inc.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Republic Airways Holdings's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the summary of risk factors contained in our earnings release.