News Release

Republic Airways Reports a 50% Increase in April 2006 Traffic

INDIANAPOLIS--(BUSINESS WIRE)--May 1, 2006--Republic Airways Holdings (NASDAQ/NM:RJET), today reported preliminary passenger traffic results for April 2006. The company generated 542 million revenue passenger miles (RPMs), a 49.7% increase over the same month last year, while available seat miles (ASMs) increased to 721 million, a 43.8% increase. Block hours were 43,540 in April 2006, an 18.5% increase over April 2005. Load factor was 75.1% versus 72.2% in April 2005. A total of 1,021,431 passengers were carried during the month, a 36.1% increase over the same month last year.

                                             April
                                             -----
                                  2006         2005      Change
                                  ----         ----      ------
RPMs (000s)                      541,515      361,676     49.7%
ASMs (000s)                      720,618      501,269     43.8%
Block Hours                       43,540       36,746     18.5%
Load Factor                         75.1%        72.2%  2.9 pp
Passengers                     1,021,431      750,270     36.1%


                                          Year to Date
                                          ------------
                                  2006         2005      Change
                                  ----         ----      ------
RPMs (000s)                    1,915,805    1,323,362     44.8%
ASMs (000s)                    2,685,821    1,940,914     38.4%
Block Hours                      165,172      146,095     13.1%
Load Factor                         71.3%        68.2%  3.1 pp
Passengers                     3,576,679    2,787,649     28.3%

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 875 flights daily to 81 cities in 34 states, Canada, Mexico and the Bahamas 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 over 3,000 aviation professionals and operate 155 regional jet aircraft including 60 E170 aircraft.


    CONTACT: Republic Airways Holdings
             Warren R. Wilkinson, 317-484-6042
             www.rjet.com

    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 "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.