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Republic Airways Reports March 2014 Traffic

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

The Company generated nearly 1 billion revenue passenger miles (RPMs) in March, a 14% increase over the same period in 2013, on a 10% increase in available seat miles (ASMs). Block hours were 7% greater, and load factor increased three percentage points from the same period in 2013. Republic Airways carried nearly 2 million passengers, a 10% increase compared to March 2013.

March departures were 3% above the same period in 2013.

  March  
2014   2013
Total Total Change
RPMs (000s) 983,114 863,204 14%
ASMs (000s) 1,235,335 1,121,275 10%
Block Hrs 66,958 62,599 7%
LF % 80% 77% 3 pts
Passengers 1,960,225 1,788,643 10%
Departures 37,676 36,594 3%
 
Quarter to Date
2014 2013
Total Total Change
RPMs (000s) 2,565,638 2,294,460 12%
ASMs (000s) 3,366,262 3,167,722 6%
Block Hrs 185,613 177,579 5%
LF % 76% 72% 4 pts
Passengers 5,138,720 4,780,141 8%
Departures 103,349 102,624 1%
 
Year to Date
2014 2013
Total Total Change
RPMs (000s) 2,565,638 2,294,460 12%
ASMs (000s) 3,366,262 3,167,722 6%
Block Hrs 185,613 177,579 5%
LF % 76% 72% 4 pts
Passengers 5,138,720 4,780,141 8%
Departures 103,349 102,624 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 about 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 about 6,300 aviation professionals. For more information on Republic Airways, please visit our website at www.rjet.com.

Source: Republic Airways Holdings

Republic Airways Holdings
Scott Thien, 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.