News Release

Republic Airways Holdings Reports a 26.2% Increase in November 2004 Traffic

INDIANAPOLIS, Dec 6, 2004 (BUSINESS WIRE) -- Republic Airways Holdings Inc. (NASDAQ:RJET) today reported preliminary passenger traffic results for November 2004. The company generated 278.3 million revenue passenger miles (RPMs), a 26.2% increase over the same month last year, while available seat miles (ASMs) increased to 404.7 million, a 22.3% increase. Load factor was 68.8% versus 66.7% in November 2003. A total of 621,848 passengers were carried during the month, a 45.5% increase over the same month last year.

                               November
                               --------
                                       2004         2003        Change
                                       ----         ----        ------
Revenue Passenger Miles (000)         278,307      220,584       26.2%
Available Seat Miles (000)            404,730      330,946       22.3%
Load Factor                              68.8%        66.7%     2.1%pp
Passengers                            621,848      427,494       45.5%

                     Year to date through November
                     -----------------------------
                                      2004         2003         Change
                                      ----         ----         ------
Revenue Passenger Miles (000)       2,658,631    1,994,212       33.3%
Available Seat Miles (000)          3,985,990    3,128,158       27.4%
Load Factor                              66.7%        63.8%     2.9%pp
Passengers                          5,646,971    4,183,635       35.0%

Republic Airways Holdings, based in Indianapolis, Indiana is an airline holding company. Its principal operating subsidiary, Chautauqua Airlines was named 2004 Regional Airline of the Year by Air Transport World and 2003's Regional Airline of the Year by Regional Airline World. The airline is celebrating its thirtieth anniversary of scheduled commercial passenger service. Chautauqua Airlines offers scheduled passenger service on more than 670 flights daily to 70 cities in 30 states, the District of Columbia, Canada and the Bahamas through code sharing agreements with four major U.S. airlines.

The airline currently operates a fleet of 108 Embraer regional jets, including 68 ERJ-145s, 15 ERJ-140s and 17 ERJ-135's and eight Embraer 170's. 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 employs more than 2,300 aviation professionals.

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.