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Republic Airways Reports a 32% Increase in November 2006 Traffic

INDIANAPOLIS--(BUSINESS WIRE)--Dec. 4, 2006--Republic Airways Holdings (NASDAQ:RJET), today reported preliminary passenger traffic results for November 2006. The company generated 574 million revenue passenger miles (RPMs), a 32% increase over the same month last year, while available seat miles (ASMs) increased to 808 million, a 28% increase. Block hours were 48,797 in November 2006, a 22.1% increase over November 2005. Load factor was 71.0% versus 68.5% in November 2005. A total of 1,035,819 passengers were carried during the month, a 33.0% increase over the same month last year.

                                                    November
                                          ----------------------------

                                              2006      2005   Change
                                           ---------- -------- -------
RPMs (000s)                                  574,114  433,515    32.4%
ASMs (000s)                                  808,097  632,529    27.8%
Block Hours                                   48,797   39,964    22.1%
Load Factor                                     71.0%    68.5% 2.5 pp
Passengers                                 1,035,819  778,845    33.0%
                                                Quarter to Date
                                         -----------------------------

                                            2006       2005    Change
                                         ---------- ---------- -------
RPMs (000s)                              1,173,818    830,059    41.4%
ASMs (000s)                              1,651,590  1,215,355    35.9%
Block Hours                                100,404     78,630    27.7%
Load Factor                                   71.1%      68.3% 2.8 pp
Passengers                               2,207,240  1,552,552    42.2%
                                                 Year to Date
                                        ------------------------------

                                           2006        2005    Change
                                        ----------- ---------- -------
RPMs (000s)                              6,092,201  4,073,945    49.5%
ASMs (000s)                              8,354,048  5,920,665    41.1%
Block Hours                                507,944    423,690    19.9%
Load Factor                                   72.9%      68.8% 4.1 pp
Passengers                              11,547,596  8,321,640    38.8%

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 1,000 flights daily to 90 cities in 35 states, Canada, Mexico and the U.S. Virgin Islands through airline services agreements with four major U.S. airlines. All of the airlines' flights are operated under their major airline partner brand, such as AmericanConnection, Delta Connection, United Express and US Airways Express. The airlines currently employ approximately 3,600 aviation professionals and operate 171 regional jet aircraft including 76 E170 aircraft.

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.