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Republic Airways Reports January 2014 Traffic

INDIANAPOLIS--(BUSINESS WIRE)--Feb. 6, 2014-- Republic Airways Holdings (NASDAQ/NM: RJET) today reported preliminary passenger traffic results for January 2014.

The Company generated 0.8 billion revenue passenger miles (RPMs) in January, an 8% increase over the same period in 2013 on a 1% increase to 1.1 billion available seat miles (ASMs). Block hours were 2% greater, and load factor increased five percentage points from the same period in 2013. Republic Airways carried 1.6 million passengers, a 4% increase compared to January 2013.

January departures were 3% below the same period in 2013. During January, the Company canceled more than 5,500 of its almost 40,000 scheduled departures due to the extreme weather across much of the country. Overall, the Company completed approximately 85% of its scheduled flights in January, compared to 96% in January 2013.

  January  
2014   2013
Total   Total   Change
RPMs (000s) 800,861 743,790 8%
ASMs (000s) 1,102,187 1,086,091 1%
Block Hrs 61,686 60,647 2%
LF % 73% 68% 5 pts
Passengers 1,604,268 1,542,771 4%
Departures 33,743 34,861 -3%

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 more than 230 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 airline partner brands, including American Eagle, Delta Connection, United Express, and US Airways Express. The airlines currently employ approximately 6,000 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.