Republic Airways Holdings Inc. filed its quarterly report on Form 10-Q for the period ended September 30, 2026, with the Securities and Exchange Commission, disclosing third-quarter net income of $34.6 million and nine-month revenues of $1,652.0 million.

Key Highlights

  • Q3 2026 Revenue: The company reported revenues of $553.5 million for the three months ended September 30, 2026, compared to $412.0 million for the same period in 2025.
  • Q3 2026 Net Income: Net income for the third quarter was $34.6 million, up from $6.7 million in Q3 2025.
  • Nine-Month Net Income: Net income for the nine months ended September 30, 2026 totaled $92.7 million, versus $71.2 million in the comparable prior-year period.
  • Diluted EPS: Net income per common share on a diluted basis was $0.75 for Q3 2026, compared to $0.17 for Q3 2025.
  • Total Assets: The company reported total assets of $3,261.7 million as of September 30, 2026, versus $3,276.6 million at December 31, 2025.
  • Shareholders' Equity: Total shareholders' equity rose to $1,422.5 million at September 30, 2026, from $1,328.5 million at December 31, 2025.
  • Shares Outstanding: Common shares outstanding as of October 29, 2026 were 46,750,317.

Republic Airways Reports Higher Q3 Revenue and Earnings Against Prior Year

According to the filing, Republic Airways Holdings Inc. (NASDAQ:RJET) generated revenues of $553.5 million in the three months ended September 30, 2026, a gain from $412.0 million in the year-earlier quarter. For the nine months ended September 30, 2026, revenues totaled $1,652.0 million, compared to $1,212.4 million for the same period in 2025. The filing noted that "substantially all of the Company's revenues are derived from related parties during the three and nine months ended September 30, 2026 and 2025."

Operating expenses for Q3 2026 were reported at $490.3 million, producing operating income of $63.2 million, versus operating income of $26.9 million in Q3 2025. Wages and benefits represented the largest expense category at $231.1 million for the quarter. The company also disclosed executive separation and merger-related items of $6.7 million in Q3 2026 and $29.8 million for the nine-month period, referencing its merger with Mesa Air Group, Inc. After interest expense of $16.3 million and income tax expense of $14.6 million, the company reported Q3 2026 net income of $34.6 million.

On the balance sheet, the filing showed cash and cash equivalents of $128.6 million and total long-term debt and finance leases (less current portion) of $841.4 million as of September 30, 2026. Accumulated earnings increased to $797.0 million from $708.5 million at December 31, 2025. The company had 45,950,545 shares issued and outstanding as of September 30, 2026, reflecting activity including stock issued under long-term incentive plans and shares settled in connection with the Mesa Air merger.

What Was Disclosed

Republic Airways Holdings Inc. filed a Form 10-Q for the quarter ended September 30, 2026, disclosing revenue, earnings, balance sheet data, and equity activity, including merger-related items tied to its combination with Mesa Air Group, Inc.