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Republic Airways Reports a 12% Increase in July 2008 Traffic

INDIANAPOLIS--(BUSINESS WIRE)--Aug. 4, 2008--Republic Airways Holdings (NASDAQ:RJET), today reported preliminary passenger traffic results for July 2008. The company generated 892.7 million revenue passenger miles (RPMs), a 12.3% increase over the same month last year, while available seat miles (ASMs) increased 16.4% to 1.15 billion. Block hours were 64,946 in July 2008, a 11.6% increase over July 2007. Load factor was 77.4% versus 80.3% in July 2007. A total of 1,755,636 passengers were carried during the month, a 17.1% increase over the same month last year.

                                                      July
                                          ----------------------------
                                            2008      2007     Change
                                          --------- --------- --------
RPMs (000s)                                892,706   795,073   12.3%
ASMs (000s)                               1,152,662  990,575   16.4%
Block Hours                                64,946    58,191    11.6%
Load Factor                                 77.4%     80.3%   (2.9) pp
Passengers                                1,755,636 1,499,072  17.1%
                                                 Year to Date
                                         -----------------------------
                                            2008      2007     Change
                                         ---------- --------- --------
RPMs (000s)                              5,829,802  4,699,375  24.1%
ASMs (000s)                              7,819,905  6,244,517  25.2%
Block Hours                               446,861    373,809   19.5%
Load Factor                                74.6%      75.3%   (0.7) pp
Passengers                               11,289,650 8,884,349  27.1%

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 approximately 1,275 flights daily to 114 cities in 34 states, Canada, Mexico and Jamaica through airline services agreements with five U.S. airlines. All of the airlines' flights are operated under their airline partner brand, such as AmericanConnection, Continental Express, Delta Connection, United Express and US Airways Express. The airlines currently employ approximately 4,700 aviation professionals and operate 228 regional jets.

www.rjet.com

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.