$RJET
REPUBLIC AIRWAYS HOLDINGS INC.
CIK:0000810332|SEC Filings
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|||
| REVENUES | [1] | $ 571.1 | $ 405.6 | $ 1,098.5 | $ 800.4 | |
| OPERATING EXPENSES: | ||||||
| Wages and benefits | 241.4 | 184.6 | 472.6 | 359.0 | ||
| Aircraft and engine rent | 2.1 | 0.0 | 4.0 | 0.0 | ||
| Depreciation and amortization | 35.2 | 30.9 | 69.7 | 61.5 | ||
| Executive separation and Merger-related items (Note 4) | 13.6 | 2.4 | 23.1 | 6.8 | ||
| Total operating expenses | 512.4 | 351.2 | 985.6 | 693.1 | ||
| OPERATING INCOME | 58.7 | 54.4 | 112.9 | 107.3 | ||
| OTHER INCOME (EXPENSE): | ||||||
| Investment income and other, net | 1.5 | 11.1 | 1.7 | 9.1 | ||
| Interest expense | (16.8) | (14.8) | (33.6) | (29.1) | ||
| Total other expense, net | (15.3) | (3.7) | (31.9) | (20.0) | ||
| INCOME BEFORE INCOME TAXES | 43.4 | 50.7 | 81.0 | 87.3 | ||
| INCOME TAX EXPENSE | 12.2 | 13.3 | 22.9 | 22.8 | ||
| NET INCOME | $ 31.2 | $ 37.4 | $ 58.1 | $ 64.5 | ||
| NET INCOME PER COMMON SHARE—BASIC (in dollars per share) | $ 0.68 | $ 0.96 | $ 1.27 | $ 1.65 | ||
| NET INCOME PER COMMON SHARE—DILUTED (in dollars per share) | $ 0.68 | $ 0.94 | $ 1.26 | $ 1.62 | ||
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING—BASIC (in shares) | 45,708,346 | 39,153,484 | 45,680,662 | 39,125,118 | ||
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING—DILUTED (in shares) | 46,173,160 | 39,912,664 | 46,114,131 | 39,853,080 | ||
| Nonrelated Party | ||||||
| OPERATING EXPENSES: | ||||||
| Maintenance and repair | $ 122.3 | $ 64.9 | $ 222.1 | $ 132.0 | ||
| Other | 83.7 | 59.0 | 164.1 | 114.6 | ||
| Related Party | ||||||
| OPERATING EXPENSES: | ||||||
| Maintenance and repair | 12.0 | 9.2 | 25.6 | 18.4 | ||
| Other—related parties | $ 2.1 | $ 0.2 | $ 4.4 | $ 0.8 | ||
| ||||||
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions |
Jun. 30, 2026 |
Dec. 31, 2025 |
|---|---|---|
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $ 115.7 | $ 134.3 |
| Marketable securities | 161.9 | 162.2 |
| Restricted cash | 22.2 | 23.4 |
| Inventories | 99.1 | 88.5 |
| Total current assets | 535.1 | 540.7 |
| Property and equipment, net | 2,422.4 | 2,410.0 |
| Operating lease right-of-use assets | 124.1 | 131.7 |
| Goodwill | 109.9 | 122.5 |
| TOTAL ASSETS | 3,256.4 | 3,276.6 |
| CURRENT LIABILITIES: | ||
| Current portion of long-term debt and finance leases | 185.5 | 202.0 |
| Current portion of operating lease liabilities | 17.9 | 16.5 |
| Total current liabilities | 520.4 | 574.3 |
| Long-term debt and finance leases—less current portion | 875.7 | 882.9 |
| Operating lease liabilities—less current portion | 115.4 | 123.9 |
| Deferred income taxes | 231.2 | 220.9 |
| Total liabilities | 1,870.1 | 1,948.1 |
| COMMITMENTS AND CONTINGENCIES (Note 8) | ||
| SHAREHOLDERS’ EQUITY: | ||
| Common stock, $0.001 par value, 5,000,000,000 shares authorized; 45,604,180 and 45,713,286 shares issued and outstanding, respectively | 0.0 | 0.0 |
| Additional paid-in capital | 623.1 | 620.0 |
| Accumulated earnings | 763.2 | 708.5 |
| Total shareholders’ equity | 1,386.3 | 1,328.5 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | 3,256.4 | 3,276.6 |
| Nonrelated Party | ||
| CURRENT ASSETS: | ||
| Receivables | 22.7 | 21.0 |
| Other current assets | 23.9 | 26.2 |
| Other non-current assets | 36.6 | 40.0 |
| CURRENT LIABILITIES: | ||
| Accounts payable | 68.5 | 96.2 |
| Accrued and other liabilities | 205.4 | 219.8 |
| Other non-current liabilities | 36.0 | 42.9 |
| Related Party | ||
| CURRENT ASSETS: | ||
| Receivables | 45.8 | 69.2 |
| Other current assets | 43.8 | 15.9 |
| Other non-current assets | 28.3 | 31.7 |
| CURRENT LIABILITIES: | ||
| Accounts payable and accrued and other liabilities—related parties | 43.1 | 39.8 |
| Other non-current liabilities | $ 91.4 | $ 103.2 |