Business
Republic Airways Holdings Inc. Announces Q4 and Full Year 2025 Financial Results
Fourth quarter highlights: Net income of $5.0 million, or $0.12 per diluted share Pre-tax income of $16.9 million and EBITDAR1 of $67.9 million Revenues of
About this update from Republic Airways Holdings Inc.
[{"type":"text","content":"\n Fourth quarter highlights:\n\n\n\nNet income of $5.0 million, or $0.12 per diluted share\n\n\n\nPre-tax income of $16.9 million and EBITDAR1 of $67.9 million\n\n\n\nRevenues of $464.1 million on increased block hour activity, up 23.0%\n\n\n\nOn an adjusted basis1, excluding executive separation and merger-related costs, net income of $22.9 million or $0.54 per diluted share, adjusted pre-tax income1 of $32.2 million and adjusted EBITDAR1 of $83.2 million\n\n\n\nUnrestricted cash, cash equivalents, and marketable securities of $296.5 million and total debt and operating lease liabilities of $1.2 billion\n\n\n\nFull year highlights:\n\n\n\nNet income of $76.2 million, or $1.87 per diluted share\n\n\n\nPre-tax income of $113.4 million and EBITDAR1 of $295.3 million\n\n\n\nRevenues of $1.7 billion on increased block hour activity, up 18.2%\n\n\n\nOn an adjusted basis1, excluding executive separation and merger-related costs, net income was $114.0 million or $2.80 per diluted share, adjusted pre-tax income1 was $160.5 million and adjusted EBITDAR1 was $342.4 million\n\n\n\nTook delivery of 12 new E175 aircraft from Embraer and placed into service under a previously announced multi-year agreement with United Airlines, replacing E170 aircraft\n\n\n\nConverted eight E170 aircraft from 70-seat to 65-seat aircraft and placed into service under a previously announced multi-year agreement with American Airlines\n\n\n\nIn November 2025, completed a transformative debt-free merger with Mesa Air Group, Inc., (“Merger”) adding 60 E175 aircraft to a new multi-year operating agreement with United Airlines\n\n\n\n CARMEL, INDIANA--(BUSINESS WIRE)--\nRepublic Airways Holdings Inc. (NASDAQ: RJET) (the “Company”) today reported financial results for the fourth-quarter and full year 2025 and provided its outlook for the full year 2026.\n\n\nAs a result of the Merger, all operational and financial information presented herein includes 36 days of results related to Mesa operations.\n\n\nFor full year 2025, Republic Airways reported an 18.2% increase in block hour production over the prior year, resulting in total revenues of approximately $1.7 billion, a 13.7% increase over the same period. Pre-tax income was $113.4 million and net income per diluted share was $1.87 compared to $1.62 in 2024. Excluding executive separation and Merger-related items, a...