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Republic Airways Holdings Reports May 2014 Traffic

INDIANAPOLIS, Ind.--(BUSINESS WIRE)--Jun. 6, 2014-- Republic Airways Holdings Inc. (NASDAQ: RJET) today reported preliminary passenger traffic results for May 2014.

The Company generated more than 1 billion revenue passenger miles (RPMs) in May, a 15% increase over the same period in 2013, on a 9% increase in available seat miles (ASMs). Block hours were virtually unchanged, and load factor increased four percentage points from the same period in 2013. Republic Airways carried nearly 2 million passengers, a 6% increase compared to May 2013.

May departures were 7% below the same period in 2013.

      May      
2014       2013
Total       Total       Change
RPMs (000s) 1,027,414 891,844 15%
ASMs (000s) 1,240,755 1,135,791 9%
Block Hrs 63,641 63,704 0%
LF % 83% 79% 4 pts
Passengers 1,996,906 1,888,510 6%
Departures 35,395 37,879 -7%
 
Quarter to Date
2014 2013
Total       Total       Change
RPMs (000s) 1,999,315 1,721,967 16%
ASMs (000s) 2,457,848 2,228,427 10%
Block Hrs 126,847 125,079 1%
LF % 81% 77% 4 pts
Passengers 3,876,341 3,637,376 7%
Departures 70,378 73,932 -5%
 
Year to Date
2014 2013
Total       Total       Change
RPMs (000s) 4,564,953 4,016,427 14%
ASMs (000s) 5,824,110 5,396,149 8%
Block Hrs 312,460 302,658 3%
LF % 78% 74% 4 pts
Passengers 9,015,061 8,417,517 7%
Departures 173,727 176,556 -2%
 

Republic Airways Holdings Inc., based in Indianapolis, Indiana, is an airline holding company that owns Chautauqua Airlines, Republic Airlines and Shuttle America, collectively “the airlines.” The airlines operate a combined fleet of about 240 aircraft and offer scheduled passenger service on about 1,300 flights daily to about 100 cities in the U.S., Canada and the Bahamas through fixed-fee flights operated under our major airline partner brands, including American Eagle, Delta Connection, United Express, and US Airways Express. The airlines currently employ about 6,300 aviation professionals. For more information on Republic Airways, please visit our website at www.rjet.com.

Source: Republic Airways Holdings Inc.

Republic Airways Holdings
Scott Thien, 317-471-2470
scott.thien@rjet.com

"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.