RJET

EX-99.1

2 exhibit991.htm

EX-99.1

Document

Exhibit 99.1

Republic Airways Holdings Inc. Announces Q2 2026 Financial Results And Increases Full Year Guidance

CARMEL, Ind., July 30, 2026 —(BUSINESS WIRE)—Republic Airways Holdings Inc. (NASDAQ: RJET) (the “Company” or “Republic”) today reported financial results for the second quarter of 2026 and increased its outlook for the full year 2026.

The Company’s consolidated results reported in the second quarter of 2026 include the results of Mesa Airlines, Inc. (“Mesa”), while comparable prior periods exclude any Mesa results because the merger of Republic Airways Holdings Inc. and Mesa Air Group, Inc. was consummated on November 25, 2025 (the “Merger”).

Second quarter 2026 GAAP highlights:

•Revenues of $571.1 million

•Operating income of $58.7 million with an operating margin of 10.3%1

•Pre-tax income of $43.4 million with a pre-tax margin of 7.6%1

•Net income of $31.2 million with a net income margin of 5.5%1

•Net income per diluted common share of $0.68

•Unrestricted cash, cash equivalents, and marketable securities of $277.6 million

•Total debt and lease liabilities of $1.2 billion

Second quarter 2026 Non-GAAP highlights:

•Adjusted operating income2 of $72.3 million with an adjusted operating margin of 12.7%

•Adjusted pre-tax income2 of $57.4 million with an adjusted pre-tax margin of 10.1%

•Adjusted net income2 per diluted common share of $0.89

•Adjusted EBITDAR2 of $109.6 million

•

Strategic and operational highlights:

•Matt Koscal named President & Chief Executive Officer and appointed to the Board of Directors, effective June 15, 2026, and David Grizzle resumed his role as non-executive Chairman of the Board of Directors

1 Net income margin %, pre-tax margin %, and operating margin % are expressed as the related metric as a percentage of revenues.

2 Adjusted operating income and margin, adjusted pre-tax income and margin, adjusted net income, EBITDAR, adjusted EBITDAR, adjusted net debt, and leverage are non-GAAP financial measures. For additional information about the non-GAAP financial measures used in this press release and a reconciliation to the most comparable U.S. GAAP measure, see the “Non-GAAP Financial Information” section within this press release.

1

Exhibit 99.1

•Ended quarter with total fleet of 314 aircraft, of which 275 aircraft are operated under capacity purchase agreements with American Airlines, Delta Air Lines, and United Airlines, with 31 aircraft leased to American Airlines and eight unallocated spare aircraft

•Achieved block hour production of 226,815 for Q2 2026

•Achieved completion factor of 98.21% or 0.86 points above Q2 2025 performance of 97.35%

•Controllable completion factor, excluding weather, air traffic control, and partner requested cancellations, of 99.99% for Q2 2026

•Substantial progress on Merger integration activities - core support functions are substantially complete and harmonization process of operational policies and procedures with the Federal Aviation Administration (“FAA”) are on track

“Our strong second quarter results reflect the continued commitment of our associates and the strength of demand from our partners” said Matt Koscal, President & Chief Executive Officer. “We increased production, delivered a 98% completion factor and made meaningful progress across each of our integration workstreams, while continuing to provide a safe and reliable service. Our focus remains on the execution of our integration plans, improving efficiency, and supporting the operations to deliver industry-leading operational performance and exceeding our financial targets which will create long-term value for all of our stakeholders.”

Financial Results

Results are compared to the prior year quarterly period unless otherwise noted.

Revenues were $571.1 million, up $165.5 million, or 40.8%. The increase is primarily attributable to the 35.9% increase in block hour production related to the 60 additional E175 aircraft operating for United Airlines related to the Merger and increased daily block hour utilization throughout the entire fleet.

Operating expenses were $512.4 million, up $161.2 million, or 45.9%. The increase is primarily attributable to the expenses associated with the increase in aircraft and associates in conjunction with the Merger. For the second quarter of 2026, operating expenses include $13.6 million of executive separation and Merger-related items.

Balance sheet, cash, and liquidity

The Company generated $49.3 million of operating cash flow during the second quarter of 2026. As of June 30, 2026, the Company had $277.6 million in unrestricted cash and cash equivalents and marketable securities on hand.

The Company has 26 additional E175 aircraft on order with Embraer, with scheduled deliveries expected from 2028 through 2030. Total capital expenditures inclusive of aircraft, rotable spare parts, and pre-delivery deposits for aircraft on order totaled $20.5 million for the second

rjet-20260429

FALSE000081033200008103322026-04-292026-04-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 29, 2026

Republic Airways Holdings Inc.

(Exact name of registrant as specified in its charter)

Delaware 001-38626 85-0302351

(State or other jurisdiction of incorporation) (Commission File Number)(I.R.S. Employer Identification No.)

2 Brickyard Lane

Carmel, Indiana

(Address of principal executive offices)

46032

(Zip Code)

(317) 484-6000

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each ClassTrading Symbol(s)Name of Each Exchange on which Registered

Common Stock, par value $0.001 per shareRJET The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition

On April 29, 2026, Republic Airways Holdings Inc. (the “Company”) issued a press release (the “Earnings Press Release”) announcing its financial results for the first quarter of 2026. The Earnings Press Release is furnished herewith as Exhibit 99.1 and is incorporated by reference into this Item 2.02.

The information furnished in this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

Exhibit NumberDescription

99.1 Earnings press release dated April 29, 2026

104Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 29, 2026REPUBLIC AIRWAYS HOLDINGS INC.

By: /s/ Joseph P. Allman

Name: Joseph P. Allman

Title: Senior Vice President and Chief Financial Officer

rjet-20260304

FALSE000081033200008103322026-03-042026-03-04

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 4, 2026

Republic Airways Holdings Inc.

(Exact name of registrant as specified in its charter)

Delaware 001-38626 85-0302351

(State or other jurisdiction of incorporation) (Commission File Number)(I.R.S. Employer Identification No.)

2 Brickyard Lane

Carmel, Indiana

(Address of principal executive offices)

46032

(Zip Code)

(317) 484-6000

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each ClassTrading Symbol(s)Name of Each Exchange on which Registered

Common Stock par value, $0.001 per shareRJET The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition

On March 4, 2026, Republic Airways Holdings, Inc. (the “Company”) issued a press release (the “Earnings Press Release”) announcing its financial results for the fourth quarter and full year 2025. The Earnings Press Release is furnished herewith as Exhibit 99.1 and is incorporated by reference into this Item 2.02.

The information furnished in this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

Exhibit NumberDescription

99.1 Press release dated March 4, 2026

104Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: March 04, 2026REPUBLIC AIRWAYS HOLDINGS INC.

By: /s/ Joseph P. Allman

Name: Joseph P. Allman

Title: Senior Vice President and Chief Financial Officer