News Release
| Republic Airways Reports a 24% increase in June 2007 Traffic |
INDIANAPOLIS--(BUSINESS WIRE)--July 3, 2007--Republic Airways Holdings (NASDAQ:RJET), today reported preliminary passenger traffic results for June 2007. The company generated 772.9 million revenue passenger miles (RPMs), a 23.8% increase over the same month last year, while available seat miles (ASMs) increased to 943.5 million, a 21.2% increase. Block hours were 56,258 in June 2007, a 19.0% increase over June 2006. Load factor was 81.9% versus 80.2% in June 2006. A total of 1,632,431 passengers were carried during the month, a 35.9% increase over the same month last year.
June
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2007 2006 Change
--------- --------- -------
RPMs (000s) 772,872 624,269 23.8%
ASMs (000s) 943,466 778,576 21.2%
Block Hours 56,258 47,295 19.0%
Load Factor 81.9% 80.2% 1.7 pp
Passengers 1,632,431 1,201,550 35.9%
Quarter to Date
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2007 2006 Change
--------- --------- -------
RPMs (000s) 2,193,603 1,735,977 26.4%
ASMs (000s) 2,801,158 2,257,596 24.1%
Block Hours 165,878 136,620 21.4%
Load Factor 78.3% 76.9% 1.4 pp
Passengers 4,309,039 3,328,129 29.5%
Year to Date
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2007 2006 Change
--------- --------- -------
RPMs (000s) 3,904,301 3,110,267 25.5%
ASMs (000s) 5,253,942 4,222,798 24.4%
Block Hours 315,618 258,252 22.2%
Load Factor 74.3% 73.7% 0.6 pp
Passengers 7,559,335 5,883,377 28.5%
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 1,100 flights daily to 116 cities in 38 states, Canada, Jamaica and the Bahamas through airline services agreements with six U.S. airlines. All of the airlines' flights are operated under their airline partner brand, such as AmericanConnection, Delta Connection, United Express, US Airways Express, Continental Express and Frontier Airlines. The airlines currently employ approximately 4,300 aviation professionals and operate 204 regional jets. CONTACT: Republic Airways Holdings Warren R. Wilkinson, 317-484-6042SOURCE: 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 "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year. |