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Republic Airways Reports a 23% increase in February 2007 Traffic

INDIANAPOLIS--(BUSINESS WIRE)--March 8, 2007--Republic Airways Holdings (NASDAQ:RJET), today reported preliminary passenger traffic results for February 2007. The company generated 503.9 million revenue passenger miles (RPMs), a 22.7% increase over the same month last year, while available seat miles (ASMs) increased to 730.0 million, a 22.8% increase. Block hours were 45,400 in February 2007, a 22.4% increase over February 2006. Load factor was 69.0% versus 69.1% in February 2006. A total of 961,226 passengers were carried during the month, a 22.1% increase over the same month last year. During the month, the company cancelled approximately 2,000 flights, or about 7% of the scheduled departures, with over 1,700 cancellations being due to inclement weather throughout the Midwest and East Coast.

                                                    February
                                           ---------------------------
                                             2007     2006    Change
                                           -------- -------- ---------
RPMs (000s)                                503,905  410,827      22.7%
ASMs (000s)                                730,042  594,737      22.8%
Block Hours                                 45,400   37,102      22.4%
Load Factor                                   69.0%    69.1% (0.1) pp
Passengers                                 961,226  787,065      22.1%
                                                Year to Date
                                       -------------------------------
                                          2007       2006     Change
                                       ---------- ---------- ---------
RPMs (000s)                            1,033,206    833,864      23.9%
ASMs (000s)                            1,558,689  1,253,530      24.3%
Block Hours                               96,049     77,655      23.7%
Load Factor                                 66.3%      66.5% (0.2) pp
Passengers                             1,971,514  1,528,883      29.0%

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 over 1,000 flights daily to 93 cities in 36 states, Canada and Mexico through airline services agreements with six U.S. airlines. All of the airlines' flights are operated under their airline partner brand, such as AmericanConnection, Delta Connection, United Express, US Airways Express, Continental Express and Frontier Airlines. The airlines currently employ approximately 3,800 aviation professionals and operate 181 regional jets.

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