INDIANAPOLIS–(BUSINESS WIRE)–Republic Airways Holdings Inc. (NASDAQ: RJET) today reported full year       2012 net income of $51.3 million, or $1.02 per diluted share, a $203.1       million improvement from our full year 2011 results of a net loss of       $151.8 million, or $3.14 per diluted share. The Company also reported       fourth quarter 2012 net income of $12.6 million, or $0.25 per diluted       share, a $136.1 million improvement over the fourth quarter 2011 net       loss of $123.5 million, or $2.55 per diluted share.

“We’re pleased with the solid financial improvement we experienced in       2012”

“We’re pleased with the solid financial improvement we experienced in       2012,” said Republic Airways Holdings Chairman, President and CEO Bryan       Bedford. “Our restructuring efforts in 2011 laid the foundation for       Frontier to return to profitability in 2012, despite higher fuel costs.       Our 50-seat RJ restructuring effort completed last October enabled us to       return all of our idled aircraft to fixed-fee service with our partners       and significantly reduced the financial burden associated with our       Chautauqua operation.”

The Company incurred the following items             in 2012:					Segment			Pre-tax amount			Period
* Loss on sale of E190s					Republic			$11.2 million			3Q-12
* Gain on sale of slots					Republic			($8.3) million			3Q-12
* Professional and legal fees related to restructuring					Republic			$4.3 million			4Q-12
* Restructuring and fleet transition expenses					Frontier			$15.5 million			4Q-12
* Frequent flyer adjustment to passenger revenue					Frontier			($9.8) million			4Q-12
The Company incurred the following items             in 2011:					Segment			Pre-tax amount			Period
* Fleet transition expenses					Republic			$9.1 million			4Q-11
* Impairment of fleet asset values					Republic			$191.1 million			4Q-11
* Fleet transition expenses					Frontier			$32.3 million			4Q-11

Note: The amounts reported below for pre-tax income (loss) and net       income (loss) exclude the impact of the items listed above. Please refer       to the schedules at the end of this release for a tabular reconciliation       of the Company’s GAAP pre-tax and after tax income (loss) to the ex-tem       pre-tax and after-tax income (loss) and diluted earnings per share.

Consolidated Results (ex-items) Excluding       the items listed above, the Company reported 2012 full year net income       of $59.0 million, or $1.15 per diluted share, as compared to a 2011 full       year net loss of $6.2 million, or $0.13 per diluted share. For the       fourth quarter of 2012 the Company reported net income of $18.5 million,       or $0.35 per diluted share, as compared to the fourth quarter 2011 net       income of $20.7 million, or $0.41 per diluted share.

Business Segment Presentation The       Company has adjusted its presentation of business segments in 2012 and       has revised the prior year’s information to conform to the current       period segment presentation. Reportable segments now consist of Republic       and Frontier. The Republic segment includes all regional flying       performed by sub-100-seat aircraft operating under either fixed-fee or       pro-rate agreements, subleasing activities, regional charter operations       as well as the cost of any unassigned regional aircraft. The Frontier       segment includes passenger service revenues and expenses for operating       Frontier’s Airbus fleet, as well as its charter and cargo operations.

Republic Segment Summary (ex-items) Revenues       for the year decreased 10.2% to $1,377.4 million. This was a result of a       change in the mix of flying between pro-rate and fixed-fee operations       and a $48.2 million reduction in fuel-related revenue under Republic’s       fixed-fee agreements. Pre-tax income improved nearly 31% to $69.5       million for the year ended December 31, 2012, compared to $53.1 million       for the prior year.

For the quarter, revenues decreased 8.9%, or $31.9 million to $327.4       million, compared to the prior year’s fourth quarter, due primarily to a       decrease of $23.3 million in fuel reimbursement under Republic’s       fixed-fee agreements. Effective July 1, 2012, Republic no longer records       fuel expense and does not recognize fuel-related pass-through revenue       under any of its fixed-fee agreements. The remainder of the decrease in       revenue is due to the increase of Republic’s fixed-fee operations and       reduction in pro-rate flying with Frontier.

Income before taxes was $24.1 million for the quarter, compared to       pre-tax income of $23.3 million for the prior year’s fourth quarter.       Fuel costs for Republic were $21.8 million for the quarter, a decrease       of $38.5 million from the prior year’s fourth quarter, due to both the       removal of fuel expense under Republic’s fixed-fee agreement with United       and a reduction in pro-rate operations with Frontier. The price per       gallon increased 9.1% from $3.19 in the fourth quarter of 2011 to $3.48       in the fourth quarter of 2012.

As of December 31, 2012, Republic operated 70 aircraft with 44-50 seats       and 143 aircraft with 69-80 seats to support its fixed-fee commercial       agreements. Additionally, Republic operated one aircraft with 50 seats       and 12 aircraft with 99 seats under pro-rate agreements with Frontier.

Frontier Segment Summary (ex-items) Frontier       revenues for the year increased 7.0% to $1,423.7 million. On a 1.1%       increase in capacity, unit revenues increased 5.8% to 11.96¢ from       11.30¢. Frontier’s pre-tax income improved $92.6 million to $29.6       million of income for 2012 compared to a pre-tax loss of $63.0 million       for 2011.

For the quarter, decreased 1.1% to $334.9 million, compared to $338.5       million for the same period in 2011. Total revenue per ASM (“TRASM”) was       11.88¢, an increase of 2.9% from the same quarter in 2011, while       capacity on Frontier decreased 4.0% from the prior year’s fourth       quarter. Load factor for the fourth quarter was 88.9%, an increase of       0.7% from the fourth quarter of 2011.

For the quarter, Frontier posted pre-tax income of $7.3 million compared       to pre-tax income of $10.1 million for the prior year’s fourth quarter.       Fuel costs for Frontier were $128.2 million for the quarter, a decrease       of $0.8 million from the prior year’s fourth quarter. The fuel cost per       gallon, including into-plane taxes and fees, increased 6.5% to $3.42 for       the fourth quarter of 2012, compared to $3.21 for last year’s fourth       quarter. The fourth quarter results include an expense on fuel hedges of       $0.5 million, or $0.01 per gallon, while the 2011 results include a       benefit of $3.5 million, or $0.09 per gallon. Frontier has approximately       15% of its anticipated fuel consumption hedged through the second       quarter of 2013.

Frontier’s operating unit cost was 7.03¢ for the quarter, a 3.4%       increase compared to 6.80¢ for the same quarter in 2011.

As of December 31, 2012, Frontier operated a total of 55 Airbus aircraft       versus 60 Airbus aircraft as of December 31, 2011.

Recent Business Developments During       the fourth quarter of 2012, the Company completed the restructuring of       its 50-seat platform, Chautauqua Airlines, Inc. As a result of the       restructuring, the Company expects to realize, on average, $45.0 million       of cash flow improvement per year for the next five years and has       reduced its aircraft rent and depreciation expense on its 50-seat       aircraft. In addition, in order to finalize the restructuring, the       Company issued a $25.0 million convertible note to one of the third       parties involved in the restructuring. The note bears interest at a rate       of 6.0% per annum and is convertible into 2.5 million shares of Republic       Airways Holdings Inc. common stock.

On January 24, 2013, the Company entered into a capacity purchase       agreement (“CPA”) with American Airlines which is subject to bankruptcy       court approval. American filed a motion for approval of the CPA to be       heard before the court on February 14, 2013. The hearing on that motion       was subsequently adjourned until February 26, 2013. On February 14,       2013, US Airways and American Airlines announced a merger agreement. On       February 21, 2013, the hearing on American’s motion to approve the CPA       between the Company and American was adjourned to March 12, 2013.

On February 8, 2013, the Company announced the transition of nine E145       aircraft flying on Chautauqua Airlines, Inc. from US Airways to Delta       under separate amendments. The US Airways amendment provides for       termination of the current aircraft operating under the Jet Service       Agreement by July 2013. The Delta amendment extends the current term for       certain aircraft, as well as adds ten aircraft into service during 2013.

Balance Sheet and Liquidity The       Company’s total cash balance increased $23.6 million to $394.3 million       as of December 31, 2012, compared to December 31, 2011. Restricted cash       decreased $4.3 million, to $147.1 million, from December 31, 2011. The       Company’s unrestricted cash balance increased $27.9 million, to $247.2       million, from December 31, 2011. A condensed cash flow statement has       been provided in the tables section of this release.

The Company’s debt decreased to $2.12 billion as of December 31, 2012,       compared to $2.36 billion at December 31, 2011. As of December 31, 2012,       almost 90% of the total debt is at a fixed interest rate. The Company       has significant long-term lease obligations for aircraft that are       classified as operating leases and are not reflected as liabilities on       the Company’s consolidated balance sheet. At a 6.0% discount factor, the       present value of these lease obligations was approximately $1.0 billion       and $1.2 billion as of December 31, 2012 and 2011, respectively. A       condensed balance sheet as of December 31, 2012 and 2011 has been       provided in the tables section of this release.

Corporate Information Republic       Airways Holdings Inc., based in Indianapolis, Indiana, is an airline       holding company that owns Chautauqua Airlines, Frontier Airlines,       Republic Airlines and Shuttle America, collectively “the airlines.” The       airlines operate a combined fleet of more than 280 aircraft and offer       scheduled passenger service on nearly 1,500 flights daily to over 145       cities in the U.S. as well as to the Bahamas, Canada, Costa Rica,       Dominican Republic, Jamaica, Mexico and Turks and Caicos Islands under       branded operations at Frontier, and through fixed-fee flights operated       under airline partner brands, including AmericanConnection, Continental       Express, Delta Connection, United Express, and US Airways Express. The       airlines currently employ approximately 10,000 aviation professionals.       For more information on Republic Airways, please visit our website at www.rjet.com.

The Company will conduct a telephone briefing to discuss its fourth       quarter and full year 2012 results tomorrow morning (Thursday, February       28, 2013) at 10:30 a.m. EST. This call is being webcast by       Thomson/Reuters and can be accessed at Republic Airways Holdings’       website at www.rjet.com.       Those wishing to participate can do so by calling 800-901-5259.       International callers can participate by calling +1-617-786-4514; the       password is 80290913.

Additional Information In       addition to historical information, this release contains       forward-looking statements. Republic Airways Holdings Inc. may, from       time to time, make written or oral forward-looking statements within the       meaning of the Private Securities Litigation Reform Act of 1995. Such       statements encompass Republic Airways’ beliefs, expectations, hopes or       intentions regarding future events. Words such as “expects,” “intends,”       “believes,” “anticipates,” “may,” “will,” “should,” “plan,” “estimate,”       “predict,” “potential,” “continue,” or “likely” and similar expressions       as well as the negative of such expressions are used to identify       forward-looking statements. All forward-looking statements included in       this release are made as of the date hereof and are based on information       available to Republic Airways as of such date. Republic Airways assumes       no obligation to update any forward-looking statement. Actual results       may vary, and could differ materially, from those anticipated,       estimated, projected or expected in these forward-looking statements for       a number of reasons, including, among others, the risk factors disclosed       in the Company’s most recent filing with the Securities and Exchange       Commission.

REPUBLIC AIRWAYS HOLDINGS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share amounts)
(Unaudited)
					Three Months Ended December 31,												Years Ended December 31,
					2012				2011				Change				2012				2011				Change
OPERATING REVENUES
Fixed-fee service					$	273.4			$	270.1			1.2	%			$	1,102.1			$	1,079.0			2.1	%
Passenger service						366.4				402.8			-9.0	%				1,556.8				1,694.5			-8.1	%
Charter and other						32.3				24.9			29.7	%				152.0				91.0			67.0	%
Total operating revenues						672.1				697.8			-3.7	%				2,810.9				2,864.5			-1.9	%
OPERATING EXPENSES
Wages and benefits						141.8				134.7			5.3	%				562.3				560.6			0.3	%
Aircraft fuel						150.0				187.7			-20.1	%				693.7				821.1			-15.5	%
Landing fees and airport rents						40.1				41.7			-3.8	%				169.7				167.7			1.2	%
Aircraft and engine rent						57.1				57.7			-1.0	%				243.2				251.5			-3.3	%
Maintenance and repair						70.9				68.4			3.7	%				296.3				297.2			-0.3	%
Insurance and taxes						7.4				9.7			-23.7	%				38.1				42.1			-9.5	%
Depreciation and amortization						47.3				48.6			-2.7	%				190.6				200.2			-4.8	%
Promotion and sales						23.8				27.9			-14.7	%				110.5				133.6			-17.3	%
Other impairment charges						-				191.1			-100.0	%				-				191.1			-100.0	%
Other						81.6				96.4			-15.4	%				293.6				305.0			-3.7	%
Total operating expenses						620.0				863.9			-28.2	%				2,598.0				2,970.1			-12.5	%
OPERATING INCOME (LOSS)						52.1				(166.1	)		131.4	%				212.9				(105.6	)		301.6	%
OTHER INCOME (EXPENSE)
Interest expense						(30.8	)			(33.1	)		6.9	%				(127.0	)			(137.3	)		7.5	%
Other – net						0.1				0.1			0.0	%				0.3				0.5			-40.0	%
Total other expense						(30.7	)			(33.0	)		7.0	%				(126.7	)			(136.8	)		7.4	%
INCOME (LOSS) BEFORE INCOME TAXES						21.4				(199.1	)		110.7	%				86.2				(242.4	)		135.6	%
INCOME TAX EXPENSE (BENEFIT)						8.8				(75.6	)		111.6	%				34.9				(90.6	)		138.5	%
NET INCOME (LOSS)					$	12.6			$	(123.5	)		110.2	%			$	51.3			$	(151.8	)		133.8	%
PER SHARE, BASIC					$	0.26			$	(2.55	)		110.2	%			$	1.06			$	(3.14	)		133.8	%
PER SHARE, DILUTED					$	0.25			$	(2.55	)		109.8	%			$	1.02			$	(3.14	)		132.5	%
Weighted average common shares
Basic						48.5				48.4								48.5				48.2
Diluted						52.7				48.4								51.4				48.2

REPUBLIC AIRWAYS HOLDINGS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions, except share and per share amounts)
(Unaudited)
					December 31,					December 31,
					2012					2011
ASSETS
Current Assets:
Cash and cash equivalents					$	247.2				$	219.3
Restricted cash						147.1					151.4
Receivables, net of allowance for doubtful accounts of $2.9 and           $0.6, respectively						79.5					89.0
Inventories, net						86.5					101.8
Prepaid expenses and other current assets						44.4					64.2
Assets held for sale						-					33.0
Deferred income taxes						31.3					35.3
Total current assets						636.0					694.0
Aircraft and other equipment, net						2,546.7					2,808.7
Maintenance deposits						170.0					146.0
Other intangible assets, net						65.0					86.5
Other assets						237.5					166.5
Total assets					$	3,655.2				$	3,901.7
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Current portion of long-term debt					$	276.2				$	284.6
Accounts payable						29.8					43.9
Air traffic liability						146.6					179.5
Deferred frequent flyer revenue						54.8					68.2
Accrued liabilities						238.8					258.8
Total current liabilities						746.2					835.0
Long-term debt, less current portion						1,843.3					2,074.5
Deferred frequent flyer revenue, less current portion						57.8					68.1
Deferred credits and other non-current liabilities						109.8					110.4
Deferred income taxes						384.6					353.2
Total liabilities						3,141.7					3,441.2
Commitments and Contingencies
Stockholders’ Equity:
Preferred stock, $.001 par value; 5,000,000 shares authorized; no           shares issued or outstanding						-					-
Common stock, $.001 par value; one vote per share; 150,000,000           shares authorized; 58,529,449 and 58,097,574 shares issued and           48,558,312 and 48,412,516 shares outstanding, respectively						-					-
Additional paid-in-capital						412.1					409.4
Treasury stock, 9,333,266 shares at cost						(181.8	)				(181.8	)
Accumulated other comprehensive loss						(5.0	)				(4.0	)
Accumulated earnings						288.2					236.9
Total stockholders’ equity						513.5					460.5
Total liabilities and stockholders’ equity					$	3,655.2				$	3,901.7

REPUBLIC AIRWAYS HOLDINGS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
(Unaudited)
					Years ended December 31,
					2012				2011
NET CASH FROM OPERATING ACTIVITIES					$	255.6			$	131.5
INVESTING ACTIVITIES:
Purchase of aircraft and other equipment						(35.7	)			(105.9	)
Proceeds from sale of aircraft, slots and other assets						84.3				142.3
Aircraft deposits, net						(8.0	)			(10.4	)
Other, net						(3.4	)			(2.4	)
NET CASH FROM INVESTING ACTIVITIES					$	37.2			$	23.6
FINANCING ACTIVITIES:
Payments on debt						(216.1	)			(208.5	)
Proceeds from debt issuance						3.7				70.7
Payments on early extinguishment of debt						(52.0	)			(88.0	)
Other, net						(0.5	)			(1.2	)
NET CASH FROM FINANCING ACTIVITIES					$	(264.9	)		$	(227.0	)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS					$	27.9			$	(71.9	)
CASH AND CASH EQUIVALENTS, Beginning of period					$	219.3			$	291.2
CASH AND CASH EQUIVALENTS, End of period					$	247.2			$	219.3

REPUBLIC AIRWAYS HOLDINGS INC. AND SUBSIDIARIES
UNAUDITED OPERATING HIGHLIGHTS
					Three Months Ended December 31,
Operating Highlights – Republic1					2012				2011				Change
Total revenues (millions)					$	327.4			$	359.3			-8.9	%
Total fuel expense (millions)2					$	21.8			$	60.3			-63.8	%
Operating aircraft at period end:
37-50 seats3						71				73			-2.7	%
69-99 seats4						155				148			4.7	%
Block hours						176,079				174,062			1.2	%
Departures						102,662				102,338			0.3	%
Passengers carried						5,163,017				4,912,182			5.1	%
Revenue passenger miles (millions)						2,560				2,474			3.5	%
Available seat miles (millions)						3,294				3,358			-1.9	%
Passenger load factor						77.7	%			73.7	%		4.0 pts
Total cost per available seat mile, including interest expense and           excluding items (cents)6						9.21				10.01			-8.0	%
Cost per available seat mile, including interest and excluding fuel           expense and excluding items (cents)6						8.55				8.21			4.1	%
Gallons consumed						6,272,203				18,936,470			-66.9	%
Average cost per gallon					$	3.48			$	3.19			9.1	%
Average daily utilization of each scheduled aircraft (hours)						9.3				9.7			-4.1	%
Average stage length						482				490			-1.6	%
Average seat density						67				67			0.0	%
Operating Highlights – Frontier1
Total revenues (millions)7					$	334.9			$	338.5			-1.1	%
Total fuel expense (millions)					$	128.2			$	127.4			0.6	%
Operating aircraft at period end:
120 seats						2				4			-50.0	%
136-138 seats						37				41			-9.8	%
162-168 seats						16				15			6.7	%
Passengers carried						2,596,521				2,731,199			-4.9	%
Revenue passenger miles (millions)						2,505				2,588			-3.2	%
Available seat miles (millions)						2,818				2,934			-4.0	%
Passenger load factor						88.9	%			88.2	%		0.7 pts
Total revenue per available seat mile (cents)7						11.88				11.54			2.9	%
Operating cost per available seat mile (cents)5,8						11.58				11.15			3.9	%
Fuel cost per available seat mile (cents)5						4.55				4.34			4.8	%
Cost per available seat mile, excluding fuel expense (cents)8						7.03				6.80			3.4	%
Gallons consumed						37,478,548				39,745,972			-5.7	%
Average cost per gallon5					$	3.42			$	3.21			6.5	%
Block hours						50,662				54,242			-6.6	%
Departures						20,587				22,102			-6.9	%
Average daily utilization of each scheduled aircraft (hours)						10.5				10.5			0.0	%
Average stage length						946				935			1.2	%
Average seat density						145				142			2.1	%

1 See business segment presentation discussion for             information regarding our change in segments.

2 Includes $23.3 million for the three months ended           December 31, 2011, which was passed-through under our fixed-fee           agreements with our partners.

3 Includes one aircraft and eleven aircraft as of           December 31, 2012 and 2011, respectively, that were unassigned.

4 Includes three aircraft as of December 31, 2011 that             were unassigned.

5 Includes mark-to-market fuel hedge expense of $0.5           million and benefit of $3.5 million for the three months ended           December 31, 2012 and 2011, respectively.

6 Excludes $4.3 million and $200.2 million items for the           three months ended December 31, 2012 and 2011, respectively.

7 Excludes $9.8 million of items for the three months           ended December 31, 2012.

8 Excludes $15.5 million and $32.3 million of items for           the three months ended December 31, 2012 and 2011, respectively.

REPUBLIC AIRWAYS HOLDINGS INC. AND SUBSIDIARIES
UNAUDITED OPERATING HIGHLIGHTS
					Years Ended December 31,
Operating Highlights – Republic1					2012				2011				Change
Total revenues (millions)					$	1,377.4			$	1,534.0			-10.2	%
Total fuel expense (millions)2					$	161.4			$	303.3			-46.8	%
Operating aircraft at period end:
37-50 seats3						71				73			-2.7	%
69-99 seats4						155				148			4.7	%
Block hours						701,040				731,440			-4.2	%
Departures						409,058				429,564			-4.8	%
Passengers carried						20,112,289				20,773,219			-3.2	%
Revenue passenger miles (millions)						10,120				10,691			-5.3	%
Available seat miles (millions)						13,437				14,449			-7.0	%
Passenger load factor						75.3	%			74.0	%		1.3 pts
Total cost per available seat mile, including interest expense and           excluding impairment (cents) 6						9.73				10.25			-5.1	%
Cost per available seat mile, including interest and excluding fuel           expense and excluding impairment (cents) 6						8.53				8.15			4.7	%
Gallons consumed						48,842,044				91,890,705			-46.8	%
Average cost per gallon					$	3.30			$	3.30			0.0	%
Average daily utilization of each scheduled aircraft (hours)						9.8				9.9			-1.0	%
Average stage length						469				498			-5.8	%
Average seat density						67				68			-1.5	%
Operating Highlights – Frontier1
Total revenues (millions) 7					$	1,423.7			$	1,330.5			7.0	%
Total fuel expense (millions)					$	532.3			$	517.8			2.8	%
Operating aircraft at period end:
120 seats						2				4			-50.0	%
136-138 seats						37				41			-9.8	%
162-168 seats						16				15			6.7	%
Passengers carried						10,700,669				10,583,331			1.1	%
Revenue passenger miles (milllions)						10,579				10,271			3.0	%
Available seat miles (millions)						11,908				11,779			1.1	%
Passenger load factor						88.8	%			87.2	%		1.6 pts
Total revenue per available seat mile (cents) 7						11.96				11.30			5.8	%
Operating cost per available seat mile (cents)5,8						11.66				11.77			-0.9	%
Fuel cost per available seat mile (cents)5						4.47				4.40			1.6	%
Cost per available seat mile, excluding fuel expense (cents)8						7.19				7.38			-2.6	%
Gallons consumed						158,361,595				159,145,671			-0.5	%
Average cost per gallon5					$	3.36			$	3.25			3.4	%
Block hours						214,494				219,359			-2.2	%
Departures						85,328				87,938			-3.0	%
Average daily utilization of each scheduled aircraft (hours)						11.0				11.2			-1.8	%
Average stage length						976				957			2.0	%
Average seat density						143				140			2.1	%

1 See business segment presentation discussion for             information regarding our change in segments.

2 Includes $48.2 million and $102.5 million for the year           ended December 31, 2012 and 2011, respectively, which was           passed-through under our fixed-fee agreements with our partners.

3 Includes one aircraft and eleven aircraft as of           December 31, 2012 and 2011, respectively, that were unassigned.

4 Includes three aircraft as of December 31, 2011 that           were unassigned.

5 Includes mark-to-market fuel hedge expense of $2.2             million and benefit of $(3.8) million for the year ended December             31, 2012 and 2011, respectively.

6 Excludes $7.2 million and $200.2 million items for the           year ended December 31, 2012 and 2011, respectively.

7 Excludes $9.8 million of items for the year ended           December 31, 2012.

8 Excludes $15.5 million and $32.3 million of items for           the year ended December 31, 2012 and 2011, respectively.

Reconciliation of GAAP to non-GAAP measures:

The following tables present the reconciliation of results on a GAAP       basis to the reported ex-item results for the three months and full       years ended December 31, 2012 and 2011:

					Three months ended Dec. 31, 2012
					Pre-tax by Segment												After-tax					Diluted Earnings
($ in millions)					Republic			Frontier				Consolidated					Consolidated					Per share
GAAP income					$	19.8		$	1.6			$	21.4				$	12.6				$	0.25
Adjustments:
Restructuring and fleet transition expenses						4.3			15.5				19.8					11.7					0.21
Frequent flyer adjustment1									(9.8	)			(9.8	)				(5.8	)				(0.11	)
Ex-item income					$	24.1		$	7.3			$	31.4				$	18.5				$	0.35

¹ Additional revenue related to the change in expiration of       mileage earned under its frequent flyer program from 24 to 18 months

					Year ended Dec. 31, 2012
					Pre-tax by Segment												After-tax					Diluted Earnings
($ in millions)					Republic			Frontier				Consolidated					Consolidated					Per share
GAAP income					$	62.3		$	23.9			$	86.2				$	51.3				$	1.02
Adjustments:
Restructuring and fleet transition expenses						4.3			15.5				19.8					11.8					0.21
Loss, net on sale of assets						2.9							2.9					1.7					0.03
Frequent flyer adjustment1									(9.8	)			(9.8	)				(5.8	)				(0.11	)
Ex-item income					$	69.5		$	29.6			$	99.1				$	59.0				$	1.15

¹ Additional revenue related to the change in expiration of       mileage earned under its frequent flyer program from 24 to 18 months

					Three months ended Dec. 31, 2011
					Pre-tax by Segment													After-tax					Diluted Earnings
($ in millions)					Republic				Frontier				Consolidated					Consolidated					Per share
GAAP income (loss)					$	(176.9	)		$	(22.2	)		$	(199.1	)			$	(123.5	)			$	(2.55	)
Adjustments:
Restructuring and fleet transition expenses						9.1				32.3				41.4					25.7					0.51
Non-recurring impairment						191.1				-				191.1					118.6					2.46
Ex-item income					$	23.3			$	10.1			$	33.4				$	20.7				$	0.41
					Year ended Dec. 31, 2011
					Pre-tax by Segment													After-tax					Diluted Earnings
($ in millions)					Republic				Frontier				Consolidated					Consolidated					Per share
GAAP income (loss)					$	(147.1	)		$	(95.3	)		$	(242.4	)			$	(151.8	)			$	(3.14	)
Adjustments:
Restructuring and fleet transition expenses						9.1				32.3				41.4					25.9					0.54
Non-recurring impairment						191.1				-				191.1					119.7					2.48
Ex-item income (loss)					$	53.1			$	(63.0	)		$	(9.9	)			$	(6.2	)			$	(0.13	)

									Three months ended Dec. 31, 2012								Twelve months ended Dec. 31, 2012
($ in millions)									Frontier				TRASM (cents)				Frontier				TRASM (cents)
GAAP revenue									$	344.7			12.23				$	1,433.5			12.04
Adjustments:
Frequent flyer adjustment1										(9.8	)		(0.35	)				(9.8	)		(0.08	)
Ex-item revenue									$	334.9			11.88				$	1,423.7			11.96

¹ Additional revenue related to the change in expiration of       mileage earned under its frequent flyer program from 24 to 18 months

					Three months ended Dec. 31, 2012								Twelve months ended Dec. 31, 2012
($ in millions)					Frontier				CASM (cents)				Frontier				CASM (cents)
GAAP operating expenses					$	341.7			12.13				$	1,404.1			11.79
Adjustments:
Restructuring and fleet transition expenses						(15.5	)		(0.55	)				(15.5	)		(0.13	)
Ex-item operating expenses					$	326.2			11.58				$	1,388.6			11.66
					Three months ended Dec. 31, 2011								Twelve months ended Dec. 31, 2011
($ in millions)					Frontier				CASM (cents)				Frontier				CASM (cents)
GAAP operating expenses					$	359.3			12.25				$	1,419.2			12.05
Adjustments:
Restructuring and fleet transition expenses						(32.3	)		(1.10	)				(32.3	)		(0.28	)
Ex-item operating expenses					$	327.0			11.15				$	1,386.9			11.77

“Tweeting” Access America is now Allianz Travel Insurance could       win you a Kindle Fire®

RICHMOND, Va. & MIAMI–(BUSINESS WIRE)–Allianz       Global Assistance USA, a leading travel insurance and assistance       provider, and Tripatini.com,       dubbed “The World’s Smartest Travel Social Network”, introduced two       promotions including a “Tweet       This” sweepstakes, which begins today and runs through March 20,       2012*.

“Tripatini.com is honored to continue our association with Allianz       Global Assistance USA both because of its sterling reputation as a       company, and our belief that travel insurance is more beneficial than       ever in these uncertain times”

Participants in the sweepstakes must become followers of Allianz Global       Assistance USA (@AllianzTravelUS)       and Tripatini.com (@Tripatini),       then post a tweet (or retweet) with the below message and elements. A       winner will be selected at random and will receive a new Kindle Fire.

“#Travel #insurance giant Access America is now Allianz Global       Assistance! @AllianzTravelUS @Tripatini #LaunchAllianzTravel.”

Another contest called “Travel Insurance (Would’ve) Saved the Day” will       be live on Tripatini.com from March 26 to April 8.* Open to the general       public, travel media and travel professionals, participants will be able       to, in 500 words or less, share a story illustrating how travel       insurance did or would’ve saved their travel plans. The grand prize       winner will receive a Kindle Fire, which can be used to book and plan       future vacations, as well as assist and entertain during travel. Full       details on the contest will be available on March 26 by visiting www.tripatini.com/group/allianz-global-assistance.

These promotions are just two of the ways in which Tripatini.com and       Allianz Global Assistance USA continue to extend the partnership they       initially launched in 2011. The brands also joined forces to host an       event for influential media on March 1 in New York City. Co-hosted by       travel expert Pauline Frommer, the event celebrated Access America’s       rebranding to Allianz Travel Insurance and served as a forum to discuss       the increasingly topical subject of travel insurance. Prizes were given       away throughout the evening, with one lucky winner taking home two       roundtrip international tickets, courtesy of Iberia Airlines.

“We value our partnership with Tripatini.com and look forward to working       on additional joint initiatives that communicate the benefits of travel       insurance to a highly targeted and engaged audience of travel       enthusiasts and journalists,” said Daniel Durazo, director of       communications for Allianz Global Assistance USA.

“Tripatini.com is honored to continue our association with Allianz       Global Assistance USA both because of its sterling reputation as a       company, and our belief that travel insurance is more beneficial than       ever in these uncertain times,” said David Paul Appell, CEO of Tripatini.

For more information about Allianz Travel Insurance, visit http://www.allianztravelinsurance.com/,       like us on Facebook at Facebook.com/AllianzTravelInsuranceUS       or visit us on YouTube at www.youtube.com/AllianzTravelUS.       For more information on Tripatini, visit Tripatini.com.

*Rules, limitations and restrictions apply. For a full list of rules and       restrictions for these promotions please visit the “Tweet       This” sweepstakes rules and “Travel       Insurance (Would’ve) Saved the Day” rules pages. Void where       prohibited. These promotions are not intended to be an inducement to  purchase insurance.

Danilo Macedo    

Reporter Agência Brasil

Brasília – In order to head off the spread of foot and mouth disease from Paraguay into Brazil, the Ministry Agriculture (“Ministério da Agricultura, Pecuária e Abastecimento – Mapa”) has sent two federal inspectors to check five meatpacking plants in the departamentos (states) of Assunção and Concepción that are certified to export meat to Brazil. The inspectors are expected to remain there for eight days and verify that all requirements for export are being fulfilled. Brazil has limited its imports of beef from Paraguay to only two types since last September when there was another outbreak of foot and mouth disease, that is, aged and boneless beef (“carne maturada e desossada”).

Along with the Brazilian inspectors, another inspection mission from Mercosur will be in Paraguay between January 15 and 21.