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Republic Airways Holdings Reports October 2015 Traffic

INDIANAPOLIS--(BUSINESS WIRE)--Nov. 11, 2015-- Republic Airways Holdings Inc. (NASDAQ: RJET) today reported preliminary passenger traffic results for October 2015.

Republic Airways generated more than 962 million revenue passenger miles (RPMs) in October, down about 5 percent compared to the same period in 2014, with an 8 percent reduction in available seat miles (ASMs). Block hours declined 11 percent to about 58,000, and the load factor increased 2 percentage points compared to the same period last year. The Company carried more than 1.9 million passengers during the month, a 5 percent decrease compared to October 2014.

      October      
2015       2014
Total       Total       Change
RPMs (000s) 962,386 1,017,614 -5%
ASMs (000s) 1,169,018 1,277,364 -8%
Block Hrs 58,132 65,265 -11%
LF % 82% 80% 2 pts
Passengers 1,901,909 2,011,020 -5%
Departures 33,293 36,834 -10%
 
Year to Date
2015 2014
Total       Total       Change
RPMs (000s) 9,410,978 9,630,090 -2%
ASMs (000s) 11,887,710 12,176,238 -2%
Block Hrs 600,545 637,342 -6%
LF % 79% 79% 0 pts
Passengers 18,669,075 18,996,178 -2%
Departures 340,382 356,954 -5%
 

Republic Airways Holdings Inc., based in Indianapolis, Indiana, is an airline holding company that owns Republic Airlines and Shuttle America, collectively called “the airlines.” As of Nov. 11, 2015, the airlines operate a combined fleet of about 210 aircraft and offer scheduled passenger service with approximately 1,100 flights daily to about 110 cities in the U.S., Canada and the Caribbean through fixed-fee flights operated under our major airline partner brands of American Eagle, Delta Connection and United Express. The airlines currently employ about 6,200 aviation professionals. For more about Republic Airways, please visit our website at www.rjet.com.

Source: Republic Airways Holdings Inc.

Republic Airways Holdings
Corporate Communications, 317-471-2470
CorpComm@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.