Quarterly ResultApr 29, 2026, 04:54 PM
RJET Q1 2026 Revenue $527.4M; Net Income $26.9M; Reaffirms 2026 Outlook
AI Summary
Republic Airways Holdings Inc. reported Q1 2026 financial results, with revenues of $527.4 million and net income of $26.9 million. These results include Mesa Air Group following their merger in November 2025, contributing to a 33.6% increase in revenues. The company reaffirmed its full-year 2026 outlook and highlighted strong operational performance despite significant disruptions from winter storms and air traffic controller constraints. Integration of Mesa is progressing, with full operational alignment expected over the next 18 to 24 months.
Key Highlights
- Revenues of $527.4 million, up 33.6% YoY, including Mesa Air Group results post-merger.
- Net income of $26.9 million, with diluted EPS of $0.58.
- Adjusted operating income reached $63.7 million, with an adjusted operating margin of 12.1%.
- Took delivery of three new E175 aircraft, completing the United Airlines fleet conversion.
- Settled 691,701 outstanding warrants with the U.S. Treasury for $5.3 million.
- Ended the quarter with a total fleet of 314 aircraft; 26 additional E175 aircraft on order.
- Achieved block hour production of 212,479, a 30.4% increase YoY.
- Reaffirmed full-year 2026 guidance: Revenues ~$2.0B, Adjusted EBITDAR >$380.0M.