Republic Airways Holdings Inc.

RJET

$17.07

-1.95%

2026-09-01 16:00:00 EDT-$0.34

Industrials

Airlines, Airports & Air Services

NASDAQ

Active Trading

Republic Airways Holdings Inc., founded in 1974, specializes in offering scheduled air passenger services. The company operates a substantial fleet of approximately ...

Price Action of RJET

$17.07

-1.95%-$0.34

High—

Low—

52W High-36.1%

Rel. vol—

Interval

Range6.2h

Volume—SMA5SMA10

—

Republic Airways Holdings Inc. (RJET) is a prominent regional airline holding company headquartered in Carmel, Indiana, with corporate offices in Indianapolis. Founded in 1974, the company has grown to become one of the largest regional carriers in North America. Its primary business model involves operating regional flights on behalf of ...Republic Airways Holdings Inc. (RJET) is a prominent regional airline holding company headquartered in Carmel, Indiana, with corporate offices in Indianapolis. Founded in 1974, the company has grown to become one of the largest regional carriers in North America. Its primary business model involves operating regional flights on behalf of major airlines through capacity purchase agreements (CPAs) with American Airlines, Delta Air Lines, and United Airlines. This partnership strategy allows Republic to provide essential connectivity to smaller markets while leveraging the networks of its partner carriers. As of the latest data, Republic operates a fleet of approximately 240 aircraft, comprising Embraer E170/E175 models, and conducts about 1,000 daily departures to 80 cities across the United States, Canada, the Caribbean, and Central America. The company employs over 8,400 aviation professionals, including pilots, flight attendants, maintenance technicians, and corporate staff. In November 2025, Republic completed a significant merger with Mesa Airlines, expanding its fleet and network further. Financially, Republic has shown resilience with a market capitalization of roughly $975 million, but faces challenges such as high capital expenditures (capex-to-revenue of 32.4%) and a negative free cash flow, indicating heavy investment in fleet expansion and maintenance. The company's gross profit margin is 26.5%, with a net profit margin of 3%, reflecting the competitive nature of the regional airline industry. Key financial ratios such as the current ratio of 1.028 suggest adequate short-term liquidity, while the debt-to-equity ratio of 0.862 indicates moderate leverage. The company pays no dividends, reinvesting earnings into growth. Under the leadership of CEO Matthew J. Koscal, who took the helm in 2026, Republic aims to continue its strategic partnerships, enhance operational efficiency, and integrate the Mesa acquisition seamlessly. With a strong focus on safety, reliability, and employee development, Republic Airways remains a vital link in North America's air transportation system.ExpandCollapse

Founded

1974

Employees

8400

CEO

Matthew J. Koscal

Full Name

Republic Airways Holdings Inc.

Sector

Industrials

Industry

Airlines, Airports & Air Services

ROE

4.88%

Market Cap

$0.80B

Current Ratio

1.03

WACC

7.73%

ROIC

3.40%

Contact Information

https://rjet.com

317-484-6000

2 Brickyard Lane, Carmel, IN 46032

Key Metrics of RJET

Snapshot

Latest / TTM · 6 periods

Market Cap

$799.38M

ROCE

6.1%

EV / EBITDA

7.03x

-1.8% YoY

FCF Yield

-5.3%

+6.7% YoY

Cash Conversion Cycle

11.4d

Current Ratio

1.03

Quick take

TTM —

Positive CCC

Financial Highlights of RJET

Profitability trend

Latest / TTM · 6 periods

Gross Margin

26.5%

Net Margin

3.0%

P/E Ratio

-4.69x

n/a

Debt / Equity

0.86

n/a

Current Ratio

1.03

Dividend Yield

3.0%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Calendar of RJET

Upcoming

Dec 30, 2027
Q4 FY2027 · Estimated results
Est. EPS $-3.38 · Revenue $123.65M · 1 analysts
Mar 30, 2028
Q1 FY2028 · Estimated results
Est. EPS $-4.31 · Revenue $124.19M · 1 analysts
Jun 30, 2028
Q2 FY2028 · Estimated results
Est. EPS $-6.83 · Revenue $123.92M · 1 analysts
Sep 30, 2028
Q3 FY2028 · Estimated results
Est. EPS $-4.35 · Revenue $137.79M · 1 analysts

Recent history

Jul 31, 2026
Q2 FY2026 · Results reported
EPS $0.68 · Revenue $571.10M
View filing
May 1, 2026
Q1 FY2026 · Results reported
EPS $0.58 · Revenue $527.40M
View filing
Mar 19, 2026
FY2025 · Annual results
EPS $1.87 · Revenue $1.68B
View filing
Nov 21, 2025
Q3 FY2025 · Results reported
EPS $-5.06 · Revenue $90.68M
View filing
Aug 13, 2025
Q2 FY2025 · Results reported
EPS $7.51 · Revenue $92.78M
View filing
Mar 31, 2025
Q1 FY2025 · Results reported
EPS $9.79 · Revenue $394.80M

Financial Statements of RJET

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$1.7B	+13.7%	+8.3%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$76.2M	+18.0%	+16.0%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+27.8%	+12.3%	-0.3%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+12.8%	+38.2%	+4.8%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+4.5%	+3.7%	+7.1%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$-88.7M	-164.8%	+181.6%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	-5.3%	-132.8%	+175.3%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	92.2%	-9.9%	-6.0%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	0.94x	+1.6%	+9.9%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$3.3B	+18.4%	-0.3%

Actual vs Estimate

A Dec 31Q Dec 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	1.87 vs 10.20	-81.7%	0.68 vs -3.38	+120.1%
Revenue Surprise	$1.7B vs $653.0M	+156.7%	$571.1M vs $123.7M	+361.9%

Insider Transactions of RJET

Acquisitions (A)

Since Jun 15, 2026

Disposals (D)

Since Jun 15, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Aug 17, 2026	Hornback Scott	officer: See Remarks	Common Stock	D	2,371	$20.22
Aug 17, 2026	Koscal Matthew	director, officer: See Remarks	Common Stock	D	11,695	$20.22
Aug 17, 2026	Pulley Chad M.	officer: See Remarks	Common Stock	D	5,913	$20.22
Aug 17, 2026	Allman Joseph	officer: Executive Vice President & CFO	Common Stock	D	5,458	$20.22
Aug 17, 2026	Kinstedt Paul	officer: Executive Vice President & COO	Common Stock	D	5,345	$20.22

Earnings Call Transcript of RJET

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Hello, everyone. Thank you for joining us, and welcome to the Republic Airways Second Quarter 2026 Earnings Call. [Operator Instructions] I will now hand the conference over to Keely Mitchell, Corporate Controller. Keely, please go ahead. Keely Mitchell: Thank you, Kenneth, and thank you, everyone, for joining our earnings call. On with me today are Matt Koscal, President and Chief Executive Officer; and Joe Allman, Executive Vice President and Chief Financial Officer. In the Investor Relations section of our website, you will find the earnings press release and slide presentation to accompany today's discussion. This call is being recorded and will be available for replay on our Investor Relations website. Today's discussion will include forward-looking statements regarding Republic Airways' future performance, strategic initiatives and market outlook. These statements reflect our current expectations and beliefs based on information available to us today, but they are subject to various risks and uncertainties that could cause actual results to differ materially from our projections. The aviation industry operates in a dynamic environment with inherent risks, including regulatory changes, economic fluctuations, weather-related disruptions and evolving market conditions that can significantly impact our operations and financial performance. Additionally, our business is subject to the operational and financial health of our major airline partners, labor market conditions, aircraft availability and other factors beyond Republic's direct control. For a comprehensive understanding of the specific risks and uncertainties that may affect our business and financial results, I encourage all participants to review our detailed disclosures in our filings with the Securities and Exchange Commission, including our Form 10-K on file with the SEC and subsequent periodic reports. These documents provide important context and detailed information that supplement today's discussion and are or will be available on both the SEC's website and in the Investor Relations section of our company website at rjet.com. Additionally, throughout this webcast, we will also present and discuss non-GAAP financial measures. Reconciliations of our non-GAAP financial measures to their most directly comparable U.S. GAAP financial measures to the extent they are available without unreasonable efforts appear in today's earnings press release and accompanying presentation, which are available on our Investor Relations website. And now, I will turn the call over to Matt. Matthew Koscal: Thank you, Keely, and good morning, everyone. Before I turn to results, let me briefly acknowledge where we are as a leadership team. As you know, I stepped into the CEO role last month when David Grizzle returned to his role as Non-Executive Chairman. I'm grateful for David's continued partnership on the Board and for the confidence the Board and our associates have placed in this team. My …

Leadership Team of RJET

10 executives

Name	Title	Compensation	Gender	Year Born	Status
Matthew J. Koscal	President, CEO & Director	USD 2,895,471	Male	1977	Active
Paul K. Kinstedt	COO & Executive VP	USD 2,368,172	Male	1962	Active
Joseph Allman	Executive Vice President & CFO	USD 2,362,229	Male	1971	Active
Chad Pulley	Senior VP, General Counsel & Corporate Secretary	USD 1,938,204	Male	1981	Active
Lars-Erik Arnell	Chief Restructuring Officer & Senior VP of Corporate Development	USD 255,761	Male	1961	Active
Tara Kamm	Managing Director of Tax	—	—	—	Active
Matt Belanger	VP of Information Technology & Chief Information Officer	—	Male	—	Active
Scott Hornback	Principal Accounting Officer and Vice President of Finance & Accounting	—	Male	1977	Active
Tonya Gilbert	Managing Director of Finance	—	Female	—	Active
Elizabeth Mottley	Vice President of Human Resources	—	Female	—	Active

Recent News of RJET

Seeking Alpha7/30/2026Neutral

Republic Airways Holdings Inc. (RJET) Q2 2026 Earnings Call Transcript

MarketBeat7/30/2026Neutral

Mesa Air Group Q2 Earnings Call Highlights

Republic Airways reported higher second-quarter revenue and block-hour production, citing strong demand from airline partners and improved operating conditions, while raising its full-year outlook despite severe weather disruptions early in the third quarter.

Business Wire7/30/2026Neutral

Republic Airways Holdings Inc. Announces Q2 2026 Financial Results And Increases Full Year Guidance

CARMEL, Ind.--(BUSINESS WIRE)--Republic Airways Holdings Inc. (NASDAQ: RJET) (the “Company” or “Republic”) today reported financial results for the second quarter of 2026 and increased its outlook for the full year 2026. The Company's consolidated results reported in the second quarter of 2026 include the results of Mesa Airlines, Inc. (“Mesa”), while comparable prior periods exclude any Mesa results because the merger of Republic Airways Holdings Inc. and Mesa Air Group, Inc. was consummated o.

Business Wire7/14/2026Neutral

Republic Airways Holdings Inc. Announces Webcast of Second Quarter 2026 Financial Results

CARMEL, Ind.--(BUSINESS WIRE)--Republic Airways Holdings Inc. (NASDAQ: RJET) will host a live conference call and webcast on Thursday, July 30, 2026 at 9:00 a.m. EDT to discuss second quarter 2026 financial results. A live webcast of this event will be available via the link provided in the Events & Presentations section at investor.rjet.com. A replay of the webcast will be available shortly after the call. About Republic Airways Holdings Inc. Founded in 1974, Republic Airways Holdings Inc.

Historical Employee Count of RJET

Current

8,400

Change

+357.02%

Minimum

1,838

Maximum

8,400

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	8,400	10-K	Mar 19, 2026	View
Sep 30, 2024	1,838	10-K	May 14, 2025	View
Sep 30, 2023	2,303	10-K	Jan 26, 2024	View
Sep 30, 2022	2,454	10-K	Dec 29, 2022	View
Sep 30, 2021	3,241	10-K	Dec 10, 2021	View

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Republic Airways Holdings Inc.