News Release

Republic Airways Reports a 32% Increase in December 2007 Traffic
INDIANAPOLIS, Jan 02, 2008 (BUSINESS WIRE) -- Republic Airways Holdings (NASDAQ: RJET), today reported preliminary passenger traffic results for December 2007. The company generated 737.6 million revenue passenger miles (RPMs), a 32.1% increase over the same month last year, while available seat miles (ASMs) increased 32.9% to 1.1 billion. Block hours were 63,064 in December 2007, a 29.5% increase over December 2006. Load factor was 69.3% versus 69.7% in December 2006. A total of 1,601,032 passengers were carried during the month, a 50.4% increase over the same month last year.
                                                    December
                                          ----------------------------

                                            2007      2006     Change
                                          --------- --------- --------
RPMs (000s)                                737,649   558,198   32.1%
ASMs (000s)                               1,064,396  800,671   32.9%
Block Hours                                63,064    48,692    29.5%
Load Factor                                 69.3%     69.7%   (0.4) pp
Passengers                                1,601,032 1,064,403  50.4%

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

                                              2007      2006    Change
                                            --------- --------- ------
RPMs (000s)                                 2,333,764 1,732,016 34.7%
ASMs (000s)                                 3,218,343 2,452,261 31.2%
Block Hours                                  187,477   149,096  25.7%
Load Factor                                   72.5%     70.6%   1.9 pp
Passengers                                  4,647,015 3,325,774 39.7%

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

                                            2007       2006     Change
                                         ---------- ---------- -------
RPMs (000s)                              8,581,836  6,650,399   29.0%
ASMs (000s)                              11,511,795 9,154,719   25.7%
Block Hours                               679,718    556,636    22.1%
Load Factor                                74.5%      72.6%    1.9 pp
Passengers                               16,467,400 12,666,130  30.0%

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 over 1,200 flights daily to 119 cities in 38 states, Canada, Mexico, Jamaica and the US Virgin Islands through airline services agreements with six U.S. airlines. All of the airlines' flights are operated under their airline partner brand, such as AmericanConnection, Continental Express, Delta Connection, Frontier Airlines, United Express and US Airways Express. The airlines currently employ approximately 4,700 aviation professionals and operate 219 regional jets.

SOURCE: Republic Airways Holdings

Republic Airways Holdings
Warren R. Wilkinson, 317-484-6042
"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 "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.