Republic Airways Holdings Inc. $RJET

What the company doesAI summary of filing

Republic Airways Holdings Inc. is the second largest independent regional airline in the United States, operating 275 regional jet aircraft that provide approximately 1,300 daily scheduled passenger flights to roughly 130 cities across the United States, Canada, Mexico, and the Caribbean. The company generates revenue primarily through fixed-fee Capacity Purchase Agreements (CPAs) with three major airlines—American Airlines, Delta Air Lines, and United Airlines—under which Republic operates flights branded as American Eagle, Delta Connection, or United Express. Republic's revenue model is largely insulated from fuel price volatility and passenger demand fluctuations because the Partner Airlines pay fixed monthly fees per aircraft, per flight hour or block hour, cover fuel costs directly, and retain all passenger revenue. The company is a mature, revenue-generating business that generated $1,676.5 million in revenues and $113.4 million in pre-tax income during 2025, and recently completed a merger with Mesa Air Group in November 2025. [10-K 2026-03-19]

Segments: Republic Airways (legacy Republic operations under American Airlines, Delta Air Lines, and United Airlines CPAs), LIFT Academy (proprietary flight training school), Bridge Air (pilot development program, acquired with Mesa merger)