Republic Airways Holdings Inc. · NASDAQ:RJET
Republic Airways — Bank of America Industrials, Transportation & Airlines Key Leaders Conference 2026
24 slides from Republic Airways's conference presentation, May 13, 2026
Slide 1: Industrials, Transportation & Airlines Key Leaders Conference
BANK OF AMERICA Industrials, Transportation & Airlines Key Leaders Conference May 13, 2026
Slide 2: Today's Speakers
Today’s Speakers David Grizzle Matt Koscal Joe Allman Chairman President and Senior Vice President and Chief Executive Officer Chief Commercial Officer and Chief Financial Officer Incoming Chief Executive Officer, Effective June 15, 2026 2
Slide 3: Our Foundation
Our Foundation We believe every Vision Associate, regardless With the BEST people, products, of personal beliefs or and performance, we will be worldview, has been America's regional airline of choice. created in the image and likeness of God. We seek to become Mission stronger from our Together we
Slide 4: Disclaimer
Disclaimer Forward-Looking Statements This presentation contains forward-looking statements that reflect the current views of Republic Airways Holdings Inc. (the “Company”) with respect to, among other things, its operations and financial performance. Forward-looking statements include all statements
Slide 5: David Grizzle, Chairman and CEO
David Grizzle Chairman and CEO
Slide 6: Key Messages
Key Messages ⭑ Republic is built on a distinctive culture of employee engagement and operational excellence, enabling us to reliably deliver essential regional capacity to major airline partners across demanding markets ⭑ A highly experienced leadership team, supported by a disciplined management tr
Slide 7: Allow Us To Introduce Ourselves
Allow Us To Introduce Ourselves 1 Single Fleet Type 3 Long-Standing Partnerships 12 Bases Across the Size and Scale Eastern U.S. 19% 21M Passengers Carried Fleet Allocation 41% Bases 370K+ Thousands of Arrivals 1,300+ Largest EJET operator HQ Daily 306 (1) committed aircraft in the 40% Departures E1
Slide 8: A Legacy of Excellence Spanning Over 50 Years
A Legacy of Excellence Spanning Over 50 years With the last 25+ years marked by operational leadership and strong growth 1995 – 2000 2000 – 2005 2005 – 2010 2010 – 2016 2016 – 2025 2025 – Beyond ▪ Organized as a ▪ Expanded into ▪ Acquired Frontier, ▪ Expanded regional jet ▪ Unified fleet of holding
Slide 9: Enduring Strength Through an Era of Regional Consolidation
Enduring Strength Through an Era of Regional Consolidation Top Independent Regional Airlines 2009 16 2026 4 9
Slide 10: Matt Koscal, President and Chief Commercial Officer
Matt Koscal President and Chief Commercial Officer
Slide 11: Backing the Biggest Brands in Commercial Aviation
Backing the Biggest Brands in Commercial Aviation Partners Since 1999 Partners Since 2002 Partners Since 2004 Partner Fleets (1) 123 Partner Fleets 57 126 Total 306 (1) Based on total CPA fleet by partner. Reflects 306 committed aircraft. Includes aircraft leased to American Airlines. 11
Slide 12: High-Density Operator in High-Density / High-Value U.S. Hubs
High-Density Operator in High-Density / High-Value U.S. Hubs Mainline Carriers New York City Area (EWR / JFK / LGA) Regional Carriers 86,460 74,737 65,012 49,215 44,789 36,392 14,610 Number of Arrivals Washington D.C. Area (DCA / IAD) 41,809 40,258 35,711 27,907 17,398 17,029 12,075 38,438 Boston (B
Slide 13: Our Value: Setting the Standard in Reliability
Our Value: Setting the Standard in Reliability Industry front-runner in reliability | In-demand aircraft | High-density hub feeder Strengthening the Biggest Brands in Commercial Aviation Reliability High reliability operator in the congested high-value destinations within the Northeast corridor. Lar
Slide 14: Welcome Aboard: Our Merger with Mesa Air Group
Welcome Aboard: Our Merger with Mesa Air Group Fleet Growth and Market Share Capture Brand New 10-year CPA with United Airlines for Operation of 60 United-owned E175 Scaling of 60 Additional Aircraft Other Strategic Benefits ▪ Improved scale – will lead to more productive ▪ Limited opportunities in
Slide 15: Mesa Integration Pacing Ahead of Plan
Mesa Integration Pacing Ahead of Plan Fleet and Maintenance Regulatory and IT Systems and Corporate Functions Harmonization Operations Infrastructure Completed integration of Early stages of fleet Revision Cycle 1 of 5 Significant investment in accounting and finance standardization expected to file
Slide 16: Our Competitive Advantage
Our Competitive Advantage ▪ Attractive Culture: We offer a positive work environment and culture for our employees and strive to provide a favorable quality of life ▪ Operational Excellence: We provide outstanding operational performance and reliability at an efficient price ▪ Fleet Advantage: We ma
Slide 17: Joe Allman, Chief Financial Officer
Joe Allman Chief Financial Officer
Slide 18: First Quarter Highlights
First Quarter Highlights People Operations Finance Strategy Harmonization of human capital 99.98% controllable completion 34% revenue growth Strong balance sheet position (non-represented workgroups) factor1 (CCF) and 93.87% corresponding with 30% block with continued reductions in net completion fa
Slide 19: Strength of Balance Sheet and Improving Debt Profile
Strength of Balance Sheet and Improving Debt Profile Creating Opportunities for Future Growth 2026 Forecasted Capex ($M) 2026 Forecasted Debt ($M) Adjusted Net Leverage1 $75 $170 $1,084 $994 ($165) 90 2.9x 2.7x 2.7x Long-Term Aircraft/Engine ≤2.2x Target Aviation Campus 40 <1.5x Other 40 Mar - 25 De
Slide 20: 2026 Guidance
2026 Guidance $2B+ Total Revenues $380M+ 865,000+ Block Hours Adjusted EBITDAR ~$170M ~$165M Capital Expenditures Debt Repayment 20
Slide 21: Appendix
*~ vs * . x Republic * A * Airways APPENDIX
Slide 22: Non-GAAP Reconciliations
Non-GAAP Reconciliations For the Year Ended December 31 USD ($M) 2023 2024 2025 Net Income $ 54.8 $ 64.6 $ 76.2 Plus: Executive Separation and Merger-Related Items 0.3 3.2 47.1 Income Tax Expense 33.2 22.3 37.2 Adjusted Pre-Tax Income 88.3 90.1 160.5 Interest Expense 49.1 57.7 60.6 Investment (Incom
Slide 23: Non-GAAP Reconciliations (cont.)
Non-GAAP Reconciliations (cont.) As of USD ($M) March 31, 2025 December 31, 2025 March 31, 2026 Debt and Lease Liability $ 1,105.8 $ 1,225.3 $ 1,238.9 Cash and Marketable Securities (273.5) (296.5) (273.4) Adjusted Net Debt 832.3 928.8 965.5 Adjusted EBITDAR (Trailing 12 Months) 284.5 342.4 354.6 Ad
Slide 24: * Republic
x * & ; * Republic x Ok Alrways®