REPUBLIC AIRWAYS HOLDINGS INC (RJET)
Industrials · Regional airlines · NASDAQ
Second-largest independent U.S. regional airline operating 275 Embraer jets under long-term capacity purchase agreements with American, Delta, and United.
What REPUBLIC AIRWAYS HOLDINGS INC does
Republic Airways Holdings is the second-largest independent regional airline in the United States, operating a fleet of 275 Embraer E170/175 aircraft. The company provides scheduled passenger service on approximately 1,300 daily flights to approximately 130 cities across the United States, Canada, Mexico, and the Caribbean. Substantially all of Republic's operations are conducted under multi-year Capacity Purchase Agreements (CPAs) with major partner airlines—American Airlines, Delta Air Lines, and United Airlines—meaning Republic provides flight capacity while the partner airlines control route selection, pricing, and marketing and retain all passenger revenue. Revenue is protected from fuel price volatility and passenger load factor variations, as partner airlines pay fixed monthly amounts per aircraft plus fixed block-hour fees.
Themes: ["Regional aviation","Airline capacity outsourcing","US domestic aviation networks"]
Fundamentals
- Price$19.28 as of 2026-07-09 close
- Market cap$906M as of 2026-07-10
- 1-year return+34.0% as of 2026-07-09 close
- P/E7.31 as of 2026-07-10
- Net margin+5.4% as of 2026-07-10
- Gross margin+77.6% as of 2026-07-10
- ROE+5.7% as of 2026-07-10
- Debt / equity0.82 as of 2026-07-10
- Revenue growth (YoY)+456.6% as of 2026-07-10
- Revenue CAGR (3y)+36.4% SEC XBRL
- Beta2.26 as of 2026-07-10
Key risks (from latest filing)
["Dependence on Capacity Purchase Agreements with three major airlines; loss or significant reduction of capacity from any partner airline could materially impact revenues","Capital-intensive operations with significant ongoing fleet investment and depreciation; ability to profitably maintain and upgrade aircraft fleet","Debt obligations of approximately $1.1 billion in long-term and current debt; ability to service debt and maintain financial flexibility in challenging operating environments"]
Competitors & peers
- Mesa Air Group (MESA)
- SkyWest Airlines (SKYW)
- Endeavor Air (Delta's wholly-owned regional carrier)
- American Eagle (American Airlines' wholly-owned regional carrier)
- United Express carriers (various United-owned regional operators)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.