Republic Airways Holdings Inc. · NASDAQ:RJET
Republic Airways — Q1 2026 Earnings Presentation
14 slides from Republic Airways's earnings presentation, Apr 29, 2026
Slide 1: Investor Update
INVESTOR UPDATE April 29, 2026
Slide 2: Republic's Foundation
Republic’s Foundation We believe that every Associate, regardless of Vision personal beliefs or With the BEST People, Products and worldview, has been Performance we will be America's regional airline of choice. created in the image and likeness of God. We Mission seek to become stronger Together we
Slide 3: 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 4: Republic Airways at a Glance
Republic Airways at a Glance 1 Single Fleet Type 3 Long-Standing Partnerships 12 Bases Across the 2025 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 3063 committed aircraft in the 40% Departures E17
Slide 5: First Quarter Highlights
First Quarter Highlights People Operations Finance Strategy Harmonization of human 99.98% controllable completion 34% revenue growth Strong balance sheet position capital (non-represented factor1 (CCF) and 93.87% corresponding with 30% with continued reductions in workgroups) completion factor (CF)
Slide 6: Intense Operational Disruptions Challenge Q1 Performance
Intense Operational Disruptions Challenge Q1 Performance Our network – highly concentrated in Northeast corridor Completion Factor % 97.95 97.09 93.87 Q1 2024 Q1 2025 Q1 2026 Number of 100% Controllable Completion Factor Days 90 88 80 Q1 2024 Q1 2025 Q1 2026 Q1 2026 Investor Update 6
Slide 7: 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 8: Stable Fleet Supports Long-Term Partnerships
Stable Fleet Supports Long-Term Partnerships Debt Partner Owned Debt Partner Owned Debt Partner Owned Financed3 Controlled Outright Financed3 Controlled Outright Financed3 Controlled Outright E175 – Capacity Purchase 22 - 70 9 35 13 53 72 1 Avg Age:13 Years 275 92 57 126 Non-Operator Leasing1 31 31
Slide 9: 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 10: Reaffirming 2026 Guidance
Reaffirming 2026 Guidance $2B+ Total Revenues $380M+ 865,000+ Block Hours Adjusted EBITDAR ~$170M ~$165M Capital Expenditures Debt Repayment Q1 2026 Investor Update 10
Slide 11: x Republic
x * & ; x Republic * Alrways®
Slide 12: Appendix
xX ® . x Republic x Airways APPENDIX
Slide 13: Non-GAAP Reconciliations
Non-GAAP Reconciliations For the Year Ended December 31 USD ($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 14: 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
Republic Airways Holdings — Q1 2026 Earnings Presentation on 6ix