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Republic Airways Reports February 2014 Traffic

INDIANAPOLIS--(BUSINESS WIRE)--Mar. 7, 2014-- Republic Airways Holdings (NASDAQ/NM: RJET) today reported preliminary passenger traffic results for February 2014.

The Company generated 0.8 billion revenue passenger miles (RPMs) in February, a 14% increase over the same period in 2013 on a 7% increase in available seat miles (ASMs). Block hours were 5% greater, and load factor increased four percentage points from the same period in 2013. Republic Airways carried 1.6 million passengers, a 9% increase compared to February 2013.

February departures were 2% above the same period in 2013. During February, the Company canceled more than 4,400 of its almost 36,400 scheduled departures due to the extreme weather across much of the country. Overall, the Company completed 87.7% of its scheduled flights in February, compared to 94.6% in February 2013.

    February  
2014   2013
Total   Total   Change
RPMs (000s) 781,663 687,466 14%
ASMs (000s) 1,028,741 960,356 7%
Block Hrs 56,969 54,333 5%
LF % 76% 72% 4 pts
Passengers 1,574,227 1,448,727 9%
Departures 31,930 31,157 2%
 
Quarter to Date
2014 2013
Total   Total   Change
RPMs (000s) 1,582,524 1,431,257 11%
ASMs (000s) 2,130,927 2,046,447 4%
Block Hrs 118,655 114,980 3%
LF % 74% 70% 4 pts
Passengers 3,178,495 2,991,498 6%
Departures 65,673 66,030 -1%
 
Year to Date
2014 2013
Total   Total   Change
RPMs (000s) 1,582,524 1,431,257 11%
ASMs (000s) 2,130,927 2,046,447 4%
Block Hrs 118,655 114,980 3%
LF % 74% 70% 4 pts
Passengers 3,178,495 2,991,498 6%
Departures 65,673 66,030 -1%

Republic Airways Holdings, 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 approximately 250 aircraft and offer scheduled passenger service on over 1,350 flights daily to more than 110 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 approximately 6,400 aviation professionals. For more information on Republic Airways, please visit our website at www.rjet.com.

Source: Republic Airways Holdings

Republic Airways Holdings
Peter Kowalchuk, 317-471-2470

"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.