Management ChangeJul 31, 2026, 04:18 PM
Republic Airways Names Matthew Koscal CEO; Q2 Net Income $31.2M
AI Summary
Republic Airways Holdings Inc. announced Matthew J. Koscal's promotion to President and Chief Executive Officer, effective June 15, 2026, with David Grizzle transitioning to non-executive Chairman. For Q2 2026, the company reported revenues of $571.1 million, an increase from $405.6 million in Q2 2025, while net income decreased to $31.2 million from $37.4 million. Year-to-date net income was $58.1 million, down from $64.5 million in the prior year. The company also settled U.S. Treasury Warrants for $5.3 million and received $20.1 million in tariff refunds during the quarter.
Key Highlights
- Matthew J. Koscal promoted to President and CEO effective June 15, 2026.
- David Grizzle transitioned to non-executive Chairman of the Board.
- Q2 2026 revenue increased to $571.1M from $405.6M in Q2 2025.
- Q2 2026 net income decreased to $31.2M from $37.4M in Q2 2025.
- Year-to-date 2026 net income was $58.1M, down from $64.5M YTD 2025.
- Received $20.1M in tariff refunds and interest during Q2 2026.
- Settled U.S. Treasury Warrants for $5.3M in H1 2026.
- Total assets were $3,256.4M as of June 30, 2026.
Price Impact
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