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Republic Airways Reports a 12% Increase in June 2008 Traffic
INDIANAPOLIS-(Business Wire)-July 2, 2008 - Republic Airways Holdings (NASDAQ: RJET), today reported preliminary passenger traffic results for June 2008. The company generated 868.0 million revenue passenger miles (RPMs), a 12.3% increase over the same month last year, while available seat miles (ASMs) increased 17.2% to 1.11 billion. Block hours were 63,032 in June 2008, a 12.0% increase over June 2007. Load factor was 78.5% versus 81.9% in June 2007. A total of 1,698,401 passengers were carried during the month, a 16.5% increase over the same month last year. -0- *T June ——————————————————————————————————— 2008 2007 Change ————— ————— ———— RPMs (000s) 867,984 772,872 12.3% ASMs (000s) 1,105,648 943,466 17.2% Block Hours 63,032 56,258 12.0% Load Factor 78.5% 81.9% (3.4) pp Passengers 1,698,401 1,458,373 16.5% *T -0- *T Quarter to Date ——————————————————————————————————— 2008 2007 Change ————— ————— ———— RPMs (000s) 2,640,386 2,193,603 20.4% ASMs (000s) 3,426,921 2,801,158 22.3% Block Hours 193,091 165,878 16.4% Load Factor 77.0% 78.3% (1.3) pp Passengers 5,092,277 4,134,981 23.2% *T -0- *T Year to Date ——————————————————————————————————— 2008 2007 Change ————— ————— ———— RPMs (000s) 4,937,096 3,904,301 26.5% ASMs (000s) 6,667,243 5,253,942 26.9% Block Hours 381,915 315,618 21.0% Load Factor 74.1% 74.3% (0.2) pp Passengers 9,534,014 7,385,277 29.1% *T
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 1,300 flights daily to 117 cities in 34 states, Canada, Mexico and Jamaica 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 5,000 aviation professionals and operate 228 regional jets.
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