INDIANAPOLIS--(BUSINESS WIRE)--April 23, 2008--Republic Airways Holdings Inc. (NASDAQ: RJET) today reported operating revenues of $363.9 million for the quarter ended March 31, 2008, a 25.3% increase, compared to $290.4 million for the same period last year. The Company reported net income of $20.2 million for the quarter ended March 31, 2008, compared to $19.3 million reported in the prior year's first quarter. The Company also reported earnings per diluted share of $0.55, compared to $0.44 for the same period last year.