Republic Airways Holdings Inc.
RJET · Price history
Price at last available close
$18.48
+$0.33 (+1.82%) 1M
2026-10-28
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Company & revenue
About Republic Airways Holdings Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Republic Airways Holdings Inc., founded in 1974, specializes in offering scheduled air passenger services. The company operates a substantial fleet of approximately 240 aircraft, which allows it to conduct around 1,000 daily flights. These services connect 80 different cities across the United States, Canada, the Caribbean, and Central America.
How they make money
Republic Airways Holdings Inc. operates as a regional air carrier primarily through capacity purchase agreements (CPAs) with major airline partners. Under these agreements, the company provides flight services using its fleet of Embraer E170/175 aircraft, receiving fixed payments for flight hours and cycles while the partner airline manages scheduling, pricing, and ticket sales.
Products & services
Regional passenger air transportation services operated under capacity purchase agreements for major airline partners using Embraer E170 and E175 aircraft.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
- Major airline partnersSource
Customer concentration
The company operates under capacity purchase agreements with major airlines, which represent the entirety of its revenue base as of the fiscal year ended December 31, 2025.
Suppliers, materials & equipment
- Embraer — Manufacturer of the E170/175 aircraft fleet operated by the company.Source
Business relationships & partnerships
- Mesa Air Group, Inc. — Completed a merger on November 25, 2025, where the companies combined operations under the Republic Airways Holdings Inc. name.Source
Strengths
- Transformative debt-free merger with Mesa Air Group, Inc.Source
Risks
- Operational risks associated with maintenance agreements and flight hour/cycle costsSource
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Quarterly EPS fell 90.9% versus the same quarter last year.
Review net income and weighted-average shares together. Per-share earnings can change because of operating performance, nonrecurring items or the share denominator.
Diluted weighted-average shares increased 1561.6% year over year.
Compare per-share results with total earnings and inspect the equity footnote. A change in weighted-average shares does not by itself establish the cause, the number of shares issued today, or the economic effect of a split.
Total debt increased 882.8% versus the same quarter last year.
Compare the added borrowing with available cash, cash generation and maturities. A percentage increase from a small starting balance can look large without measuring the full debt burden.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
31
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
36
Poor
Financial Strength
61
Business Quality / Moat
0
Management
32
Growth Quality
37
Risk / Durability
62
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
30
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
41/100
Building Historical Record
Model Score 41/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Balance-sheet / debt profile scores strongly
- •Asset quality scores strongly
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
Company-specific research
Questions worth answering for RJET
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving RJET's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •How long can RJET fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Is RJET's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What future growth or profitability would be needed to justify RJET's current valuation?
- •What does the current fundamental change risk warning mean for the reliability or interpretation of RJET's score?
Essential Investment Snapshot
Wall Street Score
31
Opportunity Score
30
Market Cap
$865.2M
P/E Ratio
-5.0
EPS
$-3.67
52-Week High
$26.70
52-Week Low
$15.37
Beta
2.29
Analyst Target
$718.00
Shares Outstanding
40.7M
Total Revenue
$1.65B
Total Debt
$1.19B
Dividend
No current dividend
Liquidation Value / Share
$34.06
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Normal movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Community Sentiment
0 active · 0 total callsNo personal call yet on RJET.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Transformative debt-free merger with Mesa Air Group, Inc.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Airlines, Airports & Air Services industry.
- −Operational risks associated with maintenance agreements and flight hour/cycle costs.
- −Diluted weighted-average shares increased 1561.6% year over year.
- −Negative free cash flow may increase the need for outside financing and dilution.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
4 historical score records availablePrevious Score
32
Oct 15, 2026
Change
-0.8
points
Current Score
31
Oct 29, 2026
Category Changes
RJET decreased 0.8 points because Capital declined by 8 points.
Negative Contributors
- − Capital declined by 8 points
Projected Score
Projected Score
26
Projected Change
-4.8 points
Preliminary comparable-period financial changes suggest decline of approximately 4.8 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$18.48
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2023 | 2022 | 2022 | 2021 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.65B | $1.68B | $1.47B | $1.43B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $1.22B | $1.21B | $1.11B | $1.11B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $437.6M | $466.0M | $365.0M | $323.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $269.4M | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $269.4M | $250.6M | $228.0M | $188.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $265.0M | $300.3M | $261.6M | $296.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $168.2M | $215.4M | $137.0M | $135.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $52.2M | $60.6M | $57.7M | $49.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $86.3M | $113.4M | $86.9M | $88.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $37.3M | $37.2M | $22.3M | $33.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $49.0M | $76.2M | $64.6M | $54.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-3.67 | $1.90 | $23.41 | $20.05 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 45.71M | 40.00M | 2.76M | 2.73M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 46.17M | 40.70M | 2.77M | 2.73M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$571.1M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.68
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+882.8%
Cash Change
+202.9%
Margin Change
-17.0 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Cash position grew
What Weakened
- Margins contracted
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, cash levels. Pressure indicators included EPS growth, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 515.5%. EPS declined 90.9%. Cash increased 202.9%. Total debt increased 882.8%. Net income margin declined by 17.0 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
4 historical recordsHistorical Score Chart
3 of 4 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
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Republic Airways Holdings Inc. Announces Webcast of Third Quarter 2026 Financial Results
Republic Airways Holdings Inc. (RJET) Q2 2026 Earnings Call Transcript
Mesa Air Group Q2 Earnings Call Highlights
Republic Airways Holdings Inc. Announces Q2 2026 Financial Results And Increases Full Year Guidance
Rumor Mill · RJET
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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