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Republic Airways Reports a 47% increase in December 2005 Traffic

INDIANAPOLIS--(BUSINESS WIRE)--Jan. 5, 2006--Republic Airways Holdings Inc. (NASDAQ:RJET), today reported preliminary passenger traffic results for December 2005. The company generated 443 million revenue passenger miles (RPMs), a 46.8% increase over the same month last year, while available seat miles (ASMs) increased to 639.3 million, a 41.9% increase. Load factor was 69.2% versus 66.9% in December 2004. A total of 815,492 passengers were carried during the month, a 24.5% increase over the same month last year.


                                                  December
                                      --------------------------------

                                         2005       2004      Change
                                      ---------- ---------- ----------
RPMs (000s)                             442,573    301,573       46.8%
ASMs (000s)                             639,302    450,604       41.9%
Load Factor                                69.2%      66.9%    2.3 pp
Passengers                              815,492    654,899       24.5%

                                              Quarter to Date
                                      --------------------------------

                                         2005       2004      Change
                                      ---------- ---------- ----------
RPMs (000s)                           1,272,631    868,357       46.6%
ASMs (000s)                           1,854,656  1,268,434       46.2%
Load Factor                                68.6%      68.5%    0.1 pp
Passengers                            2,368,044  1,970,902       20.2%

                                                Year to Date
                                      --------------------------------

                                         2005       2004      Change
                                      ---------- ---------- ----------
RPMs (000s)                           4,516,518  3,062,940       47.5%
ASMs (000s)                           6,559,966  4,618,043       42.1%
Load Factor                                68.8%      66.3%    2.5 pp
Passengers                            9,137,132  6,842,407       33.5%

Republic Airways Holdings, based in Indianapolis, Indiana is an airline holding company that operates Chautauqua Airlines, Republic Airlines and Shuttle America. The company offers scheduled passenger service on approximately 800 flights daily to 78 cities in 33 states, Canada and the Bahamas through airline services agreements with four major U.S. airlines. All of its flights are operated under its major airline partner brand, such as AmericanConnection, Delta Connection, United Express and US Airways Express. The airline currently employs approximately 3,100 aviation professionals and operates 142 regional jet aircraft including 47 Embraer 170 aircraft.

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

SOURCE: Republic Airways Holdings Inc.

"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.