Republic Airways Holdings Inc. · NASDAQ:RJET
Republic Airways — Q2 2026 Earnings Presentation
11 slides from Republic Airways's earnings presentation, Jul 30, 2026
Slide 1: Investor Update
INVESTOR UPDATE July 30, 2026
Slide 2: 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 3: Second Quarter Highlights
Second Quarter Highlights People Operations Finance Operations Center transition plan initiated 99.99% controllable completion factor(1) 41% revenue growth corresponding with and continued progress on integration of (CCF) and 98.21% completion factor (CF) 36% block hour growth year YoY back office f
Slide 4: 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 Continued progress on Significant progress on Received FAA acceptance Significant progress people integration and the fleet health and approval on Rev
Slide 5: Stable Fleet Taking Flight in Long-Term Partnerships
Stable Fleet Taking Flight in Long-Term Partnerships Debt Partner Owned Debt Partner Owned Debt Partner Owned Financed Controlled Outright Financed Controlled Outright Financed Controlled Outright E175 – Capacity Purchase 12 - 80 9 35 13 54 72 - Avg Age:13 Years 275 92 57 126 Non-Operator Leasing 31
Slide 6: 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 Leverage(1) $75 $170 $1,084 $994 ($165) 90 2.9x 2.7x Long-Term Aircraft/Engine 2.4x Target ≤2.2x Aviation Campus 40 <1.5x Other 40 Jun-25 Ma
Slide 7: Updating 2026 Guidance
Updating 2026 Guidance ~$2.1B Total Revenues $395M - $405M ~880,000 Block Hours Adjusted EBITDAR(1) ~$170M ~$165M Capital Expenditures Debt Repayment (1) A reconciliation of the forward-looking guidance for the non-GAAP metric of Adjusted EBITDAR cannot be provided without unreasonable effort becaus
Slide 8: Appendix
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Slide 9: Non-GAAP Reconciliations
Non-GAAP Reconciliations Three Months Ended USD ($M) June 30, 2024 June 30, 2025 June 30, 2026 Net income $ 17.5 $ 37.4 $ 31.2 Income tax expense 6.7 13.3 12.2 Pre-tax income 24.2 50.7 43.4 Executive separation and merger-related items 1.2 2.4 13.6 (Income) loss from investments 3.4 (7.2) 0.4 Adjust
Slide 10: Non-GAAP Reconciliations
Non-GAAP Reconciliations As of USD ($M) June 30, 2025 March 31, 2026 June 30, 2026 Debt and lease liability $ 1,183.3 $ 1,238.9 $ 1,194.5 Cash and marketable securities (292.2) (273.4) (277.6) Adjusted net debt 891.1 965.5 916.9 Adjusted EBITDAR (trailing 12 months) 302.2 354.6 376.5 Adjusted net le
Slide 11: Republic Airways
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Republic Airways Holdings — Q2 2026 Earnings Presentation on 6ix