Company Description
Republic Airways Holdings Inc. (NASDAQ: RJET) is a regional airline company focused on scheduled air transportation in North America. According to available information, the company operates a fleet of Embraer regional jets and provides scheduled passenger service with daily flights to cities across the United States, Canada, the Caribbean, and Central America. Its business centers on connecting people and communities through regional routes that feed larger airline networks.
Business model and regional airline role
Republic Airways Holdings Inc. functions as a regional carrier that flies under capacity purchase agreements, often known as CPAs. Under these arrangements, Republic operates flights on behalf of major U.S. airlines, providing aircraft, crews, and operational support while its airline partners handle areas such as marketing and ticket sales. This structure positions Republic as an important link between smaller and mid-sized markets and the broader domestic and international route systems of its partners.
Following a merger with Mesa Air Group, Inc., Republic Airways Holdings Inc. states that it owns a large Embraer jet fleet and supports a high volume of daily departures. Republic Airways Inc. continues to support American Airlines, Delta Air Lines, and United Airlines under existing CPAs, while Mesa Airlines supports United Airlines under a new long-term capacity purchase agreement signed in connection with the merger. These relationships highlight the company’s focus on regional operations that integrate with larger airline brands.
Merger with Mesa Air Group
Republic Airways Holdings Inc. announced the successful completion of a merger between Republic Airways and Mesa Air Group, Inc. The transaction was approved by Mesa stockholders and resulted in Republic stockholders owning a majority of the combined company’s common stock, with Mesa stockholders holding a smaller portion subject to final settlement of Mesa’s pre-closing obligations. As a combined company, Republic Airways Holdings Inc. reports that it owns an Embraer jet fleet of 310 E-Jets supporting more than 1,300 daily departures.
Company leadership has described the merger as a way to create a stronger regional airline organization with a shared culture and a long history in regional aviation. The combined company emphasizes a mission to provide safe, clean, and reliable service while creating opportunities for aviation professionals and supporting airline partners. Republic and Mesa plan to maintain parallel operations as they work to consolidate into a single carrier under the Republic Airways Holdings Inc. structure.
Operations and airline partnerships
Republic Airways Inc. continues to operate flights for American Airlines, Delta Air Lines, and United Airlines under existing capacity purchase agreements. Mesa Airlines, as part of the combined company, supports United Airlines under a new 10-year capacity purchase agreement entered into in connection with the merger. Through these arrangements, the combined organization focuses on regional routes that connect passengers to larger hub airports and mainline airline networks.
The company’s fleet of Embraer E-Jets is central to its operations. These regional jets are used across its network of daily departures serving cities across the U.S., Canada, the Caribbean, and Central America. By concentrating on regional aircraft and contracted flying for major airlines, Republic Airways Holdings Inc. positions itself as a specialized operator within the broader air transportation sector.
Corporate positioning and workforce
Republic Airways Holdings Inc. highlights a legacy of regional airline operations that extends over multiple decades. The company points to a culture built on professional pride and investment in its workforce. As a result of the merger, the combined organization references thousands of aviation professionals whose work supports its airline partners and passengers.
Management has described the merger with Mesa Air Group as a continuation of a long-term growth trajectory in regional aviation. The combined company presents itself as a well-capitalized airline with a strategic plan and a workforce experienced in regional operations. It emphasizes alignment with airline partners’ needs and the importance of reliable service to communities across America.
Stock listing and investor context
Republic Airways Holdings Inc. trades on the NASDAQ Global Select Market under the ticker symbol RJET. Following completion of the merger with Mesa Air Group, the combined company continues under the Republic Airways Holdings Inc. name with RJET as its trading symbol. The company describes the merged entity as offering an investment opportunity in the regional air transportation industry, with operations centered on Embraer regional jets and capacity purchase agreements with major U.S. airlines.
For investors and observers, the RJET stock represents an airline holding company focused on regional flying, contracted service for larger carriers, and a fleet strategy built around Embraer E-Jets. The merger with Mesa Air Group and the associated long-term agreements with airline partners form a key part of the company’s current structure and strategic direction as described in public statements.
Stock Performance
Republic Airways Holdings (RJET) stock last traded at $17.96, down 0.67% from the previous close. Over the past 12 months, the stock has lost 14.3%. At a market capitalization of $841.1M, RJET is classified as a small-cap stock with approximately 46.8M shares outstanding.
Latest News
Republic Airways Holdings has 4 recent news articles. Of the recent coverage, 1 article coincided with positive price movement and 2 with negative movement. Key topics include earnings, acquisition. View all RJET news →
SEC Filings
Republic Airways Holdings has filed 4 recent SEC filings, including 1 Form 4, 1 Form 8-K, 1 Form SCHEDULE 13G, 1 Form SCHEDULE 13D/A. The most recent filing was submitted on March 4, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all RJET SEC filings →
Financial Highlights
Republic Airways Holdings generated $476.4M in revenue over the trailing twelve months, operating income reached -$65.8M (-13.8% operating margin), and net income was -$91.0M, reflecting a -19.1% net profit margin. Diluted earnings per share stood at $-2.21. The company generated $34.2M in operating cash flow. With a current ratio of 0.35, short-term liquidity bears monitoring.
Upcoming Events
Short Interest History
Short interest in Republic Airways Holdings (RJET) currently stands at 232.7 thousand shares, up 165.8% from the previous reporting period, representing 0.5% of the float. Over the past 12 months, short interest has increased by 909.5%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Republic Airways Holdings (RJET) currently stands at 1.9 days, up 82.1% from the previous period. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The days to cover has increased 65% over the past year, indicating either rising short interest or declining trading volume. The ratio has shown significant volatility over the period, ranging from 1.0 to 1.9 days.
RJET Company Profile & Sector Positioning
Republic Airways Holdings (RJET) operates in the Airlines industry within the broader Air Transportation, Scheduled sector and is listed on the NASDAQ.