Republic Airways
Operates contracted regional flights for American, Delta, and United.
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Profile
Supplies regional passenger capacity to American, Delta, and United through capacity-purchase agreements. Republic Airways and Mesa Airlines fly an all-Embraer E170/E175 fleet under partner brands, making contracted operations rather than direct consumer ticketing the business's defining structure.
Regional passenger capacity is supplied to American, Delta, and United under their branded networks. The sole reportable segment is regional airline services, with substantially all revenue derived from U.S. customers.
Republic Airways and Mesa Airlines operate the service with an all-Embraer E170/E175 fleet across the United States, Canada, Mexico, and the Caribbean. The capacity-purchase model provides scheduled flying under American Eagle, Delta Connection, and United Express rather than a separate consumer airline brand.
Operations depend on major-airline partners continuing to contract regional capacity, as well as labor and fleet execution, FAA compliance, and integration of Mesa systems and operations.
Company facts
Categories
Key statistics
Year to date −6.3% · Average volume (30d) 100.5K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $2.19 | $0.89 | −59.4% | $128.6M | $571.1M | +344.1% | +20.61% |
| Apr 29, 2026Q1 FY26 | $2.19 | $0.73 | −66.7% | $128.6M | $527.4M | +310.1% | −2.69% |
| Mar 4, 2026Q4 FY25 | $2.52 | $0.54 | −78.6% | $154.0M | $464.1M | +201.4% | −8.71% |
| Feb 4, 2026Q4 FY25 | $8.15 | $0.12 | −98.5% | $58.32B | $464.1M | −99.2% | −0.11% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $394.8M | $92.8M | $90.7M | $464.1M | $527.4M | $571.1M | |
| Gross profit | $113.5M | $11.3M | $10.1M | $123.0M | $146.4M | $158.1M | |
| Operating income | $52.9M | −$198.0K | −$1.9M | $34.1M | $63.7M | $72.3M | |
| Net income | $27.1M | $20.9M | −$14.1M | $5.0M | $26.9M | $31.2M | |
| Diluted EPS | $9.79 | $7.51 | −$5.06 | $0.12 | $0.58 | $0.68 | |
| Gross margin | 28.7% | 12.2% | 11.2% | 26.5% | 27.8% | 27.7% | |
| Operating margin | 13.4% | -0.2% | -2.0% | 7.3% | 12.1% | 12.7% |
Fiscal years (4-quarter sums)FY21 $501.0M · FY22 $530.4M · FY23 $469.7M · FY24 $460.9M · FY25 $1.04B
Balance sheet, Jun 30, 2026Cash & short-term investments $299.8M · Total debt $1.19B · Total assets $3.26B · Shareholders' equity $1.39B
Dividends
To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Dec 15, 2025 | Dec 15 | Dec 23 | $0.53 |
Ownership
Shares outstanding 46.83M · Float 650.9K · 1.4% free float
A Form 4 total here can count shares the filer formally disclaims — an award voted by proxy, for instance — which the holder's own Schedule 13D/G excludes, so where the two disagree the schedule's smaller figure is used.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| United Airlines Holdings, Inc. | 10.49M | 22.40% | 13F | Aug 14, 2026 |
| American Airlines Group Inc. | 9.76M | 20.83% | 13F | Aug 14, 2026 |
| Delta Air Lines, Inc. | 6.77M | 14.46% | 13F | Aug 14, 2026 |
| Contrarian Capital Management, L.L.C. | 4.35M | 9.28% | 13F | Aug 14, 2026 |
| Owl Creek Asset Management, L.P. | 4.28M | 9.14% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Dec 9, 2025 | Jennifer Newstead | officer: Chief Legal Officer | −519 | $664.16 |
| Dec 8, 2025 | Javier Olivan | officer: Chief Operating Officer | −517 | $669.63 |
| Dec 2, 2025 | Jennifer Newstead | officer: Chief Legal Officer | −519 | $642.22 |
| Dec 1, 2025 | Javier Olivan | officer: Chief Operating Officer | −517 | $639.03 |
| Nov 25, 2025 | Jennifer Newstead | officer: Chief Legal Officer | −519 | $624.14 |
Peers
- SkyWest
Independent regional capacity flying across four major-airline partners
- American Airlines Group
Owner of Envoy, PSA, and Piedmont American Eagle operators
- Delta Air Lines
Owner of Endeavor Air, a Delta Connection regional operator
- Alaska Air Group
Owner of Horizon Air, an E175 regional capacity operator
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Republic Airways | $18.40 | +0.05% | $861.7M | — | 4.8 | 0.5 | +515.5% |
| SkyWest | $98.87 | −0.08% | $3.92B | 9.8 | 8.5 | 0.9 | +6.5% |
| American Airlines Group | $13.69 | +0.37% | $9.03B | — | 10.5 | 0.2 | +16.3% |
| Delta Air Lines | $80.10 | +0.05% | $52.66B | 13.3 | 9.8 | 0.8 | +18.7% |
| Alaska Air Group | $42.63 | +0.73% | $4.72B | — | 20.7 | 0.3 | +9.8% |
| Median | 11.5 | 10.1 | 0.5 | +13.0% |