Republic Airways Holdings Inc. (NASDAQ: RJET) reported financial results for the third quarter of 2026 and updated its full-year outlook. The company announced adjusted pre-tax income of $55.6 million and adjusted net income per diluted share of $0.85 for the quarter.
Consolidated GAAP results for the third quarter of 2026 included the operations of Mesa Airlines, Inc., following the merger of Republic Airways Holdings Inc. and Mesa Air Group, Inc., which was completed on November 25, 2025. The company reported revenues of $553.5 million, up 34.3% compared to the prior year. Operating income was $63.2 million with an operating margin of 11.4%. The company generated $79.0 million of operating cash flow during the quarter.
Operational performance included 114,876 flights and 215,979 block hours. The company achieved a completion factor of 94.59% and a controllable completion factor of 99.96% for the third quarter of 2026.
Republic Airways has updated its full-year 2026 guidance. The company raised its adjusted EBITDAR guidance to a range of $410 million to $420 million. The company also provided adjusted diluted EPS guidance of greater than $3.30. The company’s revenue and block hour production guidance remain unchanged at approximately $2.1 billion and 880,000, respectively.
As of September 30, 2026, the company had $290.1 million in unrestricted cash and cash equivalents and marketable securities. Total debt and lease liabilities were $1.2 billion, resulting in a trailing twelve-month leverage of 2.2x.
The company has 26 additional E175 aircraft on order with Embraer, with deliveries expected from 2028 through 2030. Republic Airways also reached an agreement with American Airlines, Inc. to place five previously unassigned aircraft into service in December 2026.
