News Release

Republic Airways Reports November 2008 Traffic
INDIANAPOLIS, Dec 03, 2008 (BUSINESS WIRE) -- Republic Airways Holdings (NASDAQ: RJET), today reported preliminary passenger traffic results for November 2008. The company generated 727.0 million revenue passenger miles (RPMs), a 6.5% decrease over the same month last year, while available seat miles (ASMs) decreased 0.2%. Block hours were 56,267 in November 2008, a 8.4% decrease compared to November 2007. Load factor was 68.8% versus 73.4% in November 2007. A total of 1,419,013 passengers were carried during the month, a 5.0% decrease from the same month last year.
                          November
              2008        2007        Change
RPMs (000s)   726,987     777,205     (6.5%)
ASMs (000s)   1,057,230   1,059,545   (0.2%)
Block Hours   56,267      61,419      (8.4%)
Load Factor   68.8%       73.4%       (4.6) pp
Passengers    1,419,013   1,494,244   (5.0%)
                          Quarter to Date
              2008        2007              Change
RPMs (000s)   1,522,681   1,596,116         (4.6%)
ASMs (000s)   2,146,755   2,153,947         (0.3%)
Block Hours   114,377     124,413           (8.1%)
Load Factor   70.9%       74.1%             (3.2) pp
Passengers    2,989,421   3,045,983         (1.9%)
                           Year to Date
              2008         2007           Change
RPMs (000s)   8,916,702    7,844,188      13.7%
ASMs (000s)   12,104,130   10,447,399     15.9%
Block Hours   769,586      616,654        10.2%
Load Factor   73.7%        75.1%          (1.4) pp
Passengers    17,407,874   14,866,368     17.1%

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 1,250 flights daily to 105 cities in 35 states, Canada, Mexico and Jamaica through airline services agreements with seven U.S. airlines. All of the airlines' flights are operated under their airline partner brand, such as American Connection, Continental Express, Delta Connection, United Express, Midwest Connect, Mokulele Airlines, and US Airways Express. The airlines currently employ approximately 4,500 aviation professionals and operate 237 regional jets.

SOURCE: Republic Airways Holdings

Republic Airways Holdings 
Timothy P. Dooley, 317-487-4308
"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.