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Republic Airways Holdings Inc. RJET

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Get access to target analyst prices, predictions, compound annual growth rates and more than four years of historical data.

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy
Sell
Insider Ownership
69.39%

Capital & Financial Ratios

Market Cap
809.51
Revenue
1,974.60
Net Income
76.20
Free Cash Flow
(13.70)
Net Debt
761.40
Current Ratio
1.03
Debt/Equity
0.77
P/E ratio
20.09
P/S ratio
0.41
P/B ratio
0.58
Past 5Y EPS Growth
This Y EPS Growth
123.27%
Next Y EPS Growth
Next 5Y EPS Growth
in millions of $

Dividends

Payout Ratio
0.00
Annual Dividend Rate
Annual Dividend Yield
total individual payouts
2025 ‡‡‡
2024 ‡‡‡
2023 ‡‡‡
2022 ‡‡‡
2021 ‡‡‡
2020 ‡‡‡
2019 ‡‡‡
2017 ‡‡‡
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 36.07 18.63 319.90 299.80
Receivables 8.25 5.26 90.20 68.50
Inventory 29.25 28.27 88.50 99.10
Other 57.72 5.74 42.10 67.70
138.59 61.28 540.70 535.10
2023 2024 2025 Q'26
Payables 58.96 72.10 136.00 111.60
ST’ Debt 163.55 50.46 202.00 185.50
Other 1.19
267.91 174.46 574.30 520.40
in millions of $

Compound Annual Growth

10y 5y 3y
Sales ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Cash Flow ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Earnings ‡‡‡‡‡ ‡‡‡ ‡‡‡‡‡
Book Value ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡

Revenue

Dec Mar Jun Sep Year
’26 527.40 571.10
’25 785.42 394.80 405.60 90.68
1,676.50
’24 103.23
1,474.00
’24 131.58 110.79 115.26
476.41
’23 118.78
1,429.10
’23 147.17 121.83 114.69 114.37
498.07
’22 147.76 123.21 134.40 125.63
531.00
in millions of $

Operating Cash Flow

Dec Mar Jun Sep Year
’26 57.80 49.30
’25 356.61 53.80 88.20 (176.61)
322.00
’24 (53.63)
191.86
’24 8.39 11.21 22.47
34.24
’23 (7.84)
353.29
’23 (6.03) (8.64) (5.20) (10.25)
(24.09)
’22 4.75 9.96 3.63 (0.22)
13.36
in millions of $

Free Cash Flow

Dec Mar Jun Sep Year
’26 (33.50) 49.70
’25 (135.10) 14.80 (59.10) 105.20
(74.20)
’24 (29.42)
(86.76)
’24 102.93 27.23 3.32
172.27
’23 38.76
(33.31)
’23 (22.64) 52.94 41.48 23.49
117.91
’22 (21.98) (12.89) (13.71) 49.15
22.55
in millions of $

EPS

Dec Mar Jun Sep Year
’26 0.58 0.68
’25 0.12 (2.13) 0.75 (0.51)
1.87
’24 (4.15)
(3.31)
’24 0.42 (0.72) (0.90)
(3.31)
’23 (2.11)
(4.56)
’23 (0.37) (1.32) (1.75) (1.03)
(4.56)
’22 (0.60) (1.78) (0.42) (4.77)
(7.59)

Target Price Range

High
‡‡‡‡‡
‡‡‡‡
Average
‡‡‡‡‡
‡‡‡‡
Low
‡‡‡‡‡
‡‡‡‡

Recommendation Rating

3
1
Buy
2
3
Hold
4
5
Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ 15.45 6.00 8.25 10.20
Low Price
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 92.55 57.30 28.35 25.80
High Price
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 2,454 2,303 1,838 8,400
Employees
‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.22 0.22 0.26 0.20
Revenue/Emp
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 531.00 498.07 476.41 1,676.50
Revenue
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 21.67% 15.15% 20.87% 80.82%
Gross Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (234.67) (128.86) (90.50) 113.40
EBT
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (44.19%) (25.87%) (19.00%) 6.76%
EBT Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (182.68) (120.12) (91.01) 76.20
Net Income
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 90.34 68.22 47.31 126.30
Depreciation
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 22.04 18.93 17.37 41.91
Revenue/Sh
‡‡‡‡ ‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ (7.59) (4.56) (3.31) 1.90
Earnings/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.55 (0.92) 1.25 8.05
Cash Flow/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.38 5.40 5.03 (9.90)
Capex/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.94 4.48 6.28 (1.85)
Free CF/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 12.79 7.60 4.02 33.21
Book Value/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 24.09 26.31 27.43 40.00
Shares
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.00 0.00 0.00 0.00
PE Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1.12 0.68 1.05 0.44
PS Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1.93 1.70 4.54 0.55
PB Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 2.14 1.67 1.66 0.89
EV/Sales
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1,991.11 8.73 4.60 (20.21)
EV/FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 13.36 (24.09) 34.24 322.00
Op' Cash Flow
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 9.19 142.00 138.02 (396.20)
Capex
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 22.55 117.91 172.27 (74.20)
FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (116.14) (129.32) (113.18) (33.60)
Working Cap'
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 599.74 528.28 310.27 1,084.90
Total Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 538.71 492.21 291.64 765.00
Net Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 308.17 200.04 110.24 1,328.50
Sh' Equity
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (14.20%) (11.93%) (30.50%) 2.52%
ROA
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (13.65%) (7.62%) (10.24%) 5.02%
ROIC
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (45.89%) (47.27%) (58.67%) 6.25%
ROE
predictions in italic, sparklines do not include predictions

Analyst Commentary (Summary)

Republic Airways Holdings (RJET), a regional carrier serving majors like Delta, United, and American, faces a stark divide: analysts unanimously target 67% upside amid stabilizing operations and debt cuts, but contrarian data reveals a battered survivor from COVID carnage, pilot shortages, and overexpansion. A decade of volatility saw pre-2020 revenue compound at 23% to $723 million with 8.8% EBT margins and EPS at $3.69, only to crater 25% in 2020 and spiral into $235 million losses by 2022 (ROE -46%), equity erosion of 77%, and shares outstanding ballooning 73% to 27.4 million—diluting EPS to -$3.31.

Recent glimmers include 63% debt reduction to $310 million, positive FCF surging to $6.28/share (784% improvement), and revenue per employee up 19% to $259,200 post-layoffs. Yet red flags persist: negative working capital (-$113 million), ROA at -12.2%, erratic cash flows, zero insider buying, and stock highs contracting from 1,300% above current levels (2018) to just 57% (2024). Valuations like 1.05x PS and 4.5x PB atop shriveled book value scream caution.

Analysts forecast a 2025 miracle—37% revenue jump to $653 million, EBT swing to $37 million, EPS $0.68—but further dilution and cyclical perils (recessions, fuel shocks) loom. Correlations tie stock moves to profitability cliffs, not revival; FCF inflection offers upside, but equity dilution and major leverage risks position RJET as a potential value trap—pulse faint in aviation’s graveyard.

Republic Airways Holdings Inc. (RJET) Latest News

News by impact score

Fine-tune

3 Aug

4 transcript www.fool.com, 8:17 PM
Republic Airways Holdings Inc. (RJET) Q2 2026 earnings call transcript covers financial results, operations and outlook. Earnings call details directly influence RJET financial trajectory and investor sentiment.

30 Jul

4 transcript www.fool.com, 11:47 PM
Republic Airways Holdings Inc. (RJET) held its Q2 2026 earnings call, detailing financial results and operational updates for the quarter. Earnings call details directly shape investor views on RJET financial health and future outlook.

4 , 5:08 PM
Republic Airways Holdings Inc reported strong revenue growth during its Q2 2026 earnings call. Strong revenue growth signals major positive shifts in financial performance and investor outlook.

4 , 7:00 AM
Republic Airways Holdings Inc. reported Q2 2026 financial results and raised full-year guidance. Raising full-year guidance points to stronger expected performance and positive market reaction for Republic Airways Holdings Inc.

11 May

3 , 7:41 AM
Some investors optimistic about Republic Airways Holdings (NASDAQ:RJET) upcoming earnings, potentially signaling positive financial performance. Earnings optimism likely to moderately influence investor sentiment and short-term stock performance.

30 Apr

4 GuruFocus.com, 3:19 AM
Republic Airways Holdings Inc. (RJET) reported strong financial results in its Q1 2026 earnings call highlights. Strong Q1 2026 financial highlights signal major positive shifts in performance and investor sentiment.

29 Apr

4 Business Wire, 4:17 PM
Republic Airways Holdings Inc. (RJET) announced Q1 2026 financial results. Quarterly financial results directly impact stock performance, investor sentiment, and future trajectory for airlines like RJET.

28 Apr

4 Business Wire, 4:05 PM
Republic Airways Holdings Inc. (RJET) appoints Matt Koscal as President and Chief Executive Officer, effective June 15, 2026. Leadership transition to a new President and CEO signals major strategic shifts capable of altering the company's trajectory and investor sentiment.

6 Mar

4 Simply Wall St., 7:09 AM
Republic Airways Holdings Inc. (RJET), now debt-free, merges with Mesa Airlines, challenging its earnings growth and valuation narrative amid scrutiny of operational synergies and financial projections. Debt-free Mesa merger constitutes a major strategic move poised to significantly influence RJET's financial performance, competitive position, and investor sentiment.

4 Mar

4 Business Wire, 6:57 AM
Republic Airways Holdings Inc. (RJET) announced Q4 and full-year 2025 financial results. Q4 and full-year financial results disclosure significantly influences investor sentiment, stock valuation, and future performance trajectory.

25 Nov

4 Business Wire, 8:35 AM
Republic Airways and Mesa Air Group have successfully completed their merger, creating a larger regional airline entity. This strategic move aims to enhance operational efficiencies and expand market reach, positioning the combined company to better compete in the aviation industry. The merger is expected to streamline services and improve financial performance moving forward. The merger is a significant strategic move that could alter the competitive landscape and improve financial performance.

21 Nov

3 Associated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press Finance, 7:16 AM
Mesa Air Group, Inc. reported its fiscal Q4 earnings, revealing a net loss of $5.5 million, compared to a loss of $3.9 million in the same quarter last year. Revenue for the quarter was $36.2 million, a decrease from $41.5 million year-over-year. The airline faced challenges including reduced capacity and operational disruptions. Despite these setbacks, Mesa Air remains focused on strategic initiatives to improve performance and enhance its market position moving forward. The reported losses and revenue decline indicate challenges that may moderately influence financial performance and market sentiment.

3 GlobeNewswireGuruFocus.comZacksGuruFocus.comZacksZacksZacksGuruFocus.com, 7:00 AM
Mesa Air Group, Inc. reported its financial results for the three and nine months ending September 30, 2025. The company highlighted key metrics including revenue, net income, and operational performance. Management provided insights into strategic initiatives and market conditions affecting the airline industry. The report reflects ongoing challenges and opportunities within the sector, impacting Mesa's operational strategies and future outlook. Financial results indicate moderate changes in performance that could influence investor sentiment and operational strategies.

18 Nov

4 GlobeNewswire, 7:00 AM
Mesa Air Group, Inc. shareholders have approved the merger with Republic Airways, a significant step towards consolidating operations and enhancing market presence. The merger is expected to create synergies and improve financial stability for Mesa Air Group, positioning it for future growth in the competitive airline industry. The merger is a major strategic move that could significantly alter the company's trajectory and investor sentiment.

31 Oct

4 GlobeNewswireZacksGuruFocus.comGuruFocus.comMT NewswiresMT NewswiresGuruFocus.com, 7:00 AM
Mesa Air Group, Inc. has amended its loan agreement with the United States Treasury, which may provide additional financial flexibility. The company also provided an update regarding its pending merger with Republic Airways, indicating progress in the transaction. These developments are part of Mesa's strategic efforts to enhance its operational stability and growth prospects. The amendment to the loan agreement and the merger update are significant strategic moves that could substantially influence Mesa's financial stability and market position.

13 Aug

4 , 7:00 AM
Mesa Air Group, Inc. reported its financial results for the third quarter of fiscal 2025, highlighting key performance metrics and operational updates. The company also provided an update on its proposed merger with Republic Airways Holdings Inc., indicating progress in negotiations and potential benefits from the merger. Investors are keenly watching these developments as they could influence Mesa's strategic direction and market positioning. The proposed merger with Republic Airways Holdings Inc. could significantly alter Mesa Air Group's competitive position and future performance.

3 , 7:19 AM
Mesa Air Group, Inc. reported its fiscal Q3 earnings, revealing a net loss of $5.5 million, compared to a loss of $4.3 million in the same quarter last year. Revenue for the quarter was $35.5 million, a decrease from $39.2 million year-over-year. The company attributed the decline to reduced capacity and operational challenges. Despite these setbacks, Mesa Air remains focused on strategic initiatives to improve performance and enhance operational efficiency moving forward. The reported losses and revenue decline indicate challenges that may moderately influence financial performance and operational strategies.

23 Jul

4 GlobeNewswire, 7:00 AM
Mesa Air Group, Inc. filed a registration statement on Form S-4 and S-1 with the SEC on July 10, 2025, related to its proposed merger with Republic Airways Holdings Inc. The registration includes a proxy statement and preliminary prospectus, which will be mailed to stockholders once effective. The registration statement is not yet effective, and securities cannot be sold until it is. Mesa operates as a regional air carrier with a fleet of 60 aircraft and approximately 1,650 employees. The proposed merger with Republic Airways Holdings Inc. represents a significant strategic move that could alter Mesa's market position and investor sentiment.

20 May

4 GlobeNewswire, 4:15 PM
Mesa Air Group, Inc. reported a second quarter fiscal 2025 net loss of $58.6 million, or $(1.42) per diluted share, with total operating revenues of $94.7 million, down 28% from the previous year. The company experienced a pre-tax loss of $62.5 million, impacted by a $53.8 million asset impairment. Despite these losses, Mesa achieved a 99.9% controllable completion factor and operated its last CRJ-900 flight in February 2025, transitioning to a fleet of 60 E-175 aircraft. The company is focused on closing a merger with Republic Airways, expected by year-end 2025, and has made progress in asset sales and debt repayment. The merger with Republic Airways and the transition to a new fleet are significant strategic moves that could alter Mesa's future performance.

3 , 4:29 PM
Mesa Air Group, Inc. reported its fiscal Q2 earnings, highlighting a decrease in revenue and an increase in operational challenges. The airline faced rising costs and operational disruptions, impacting its financial performance. Despite these challenges, Mesa Air is focusing on strategic initiatives to improve efficiency and customer service. The company remains committed to navigating the current market conditions while aiming for long-term growth. Operational challenges and rising costs are expected to moderately influence financial performance and market sentiment.

19 May

3 Associated Press Finance, 11:03 AM
Mesa Air Group Inc. reported a loss of $114.6 million in its fiscal first quarter, equating to a loss of $2.77 per share. Adjusted losses were 10 cents per share, with revenue reported at $103.2 million during the period. The significant loss and adjusted earnings indicate financial challenges that may moderately affect investor sentiment and operational strategies.

3 , 7:00 AM
Mesa Air Group, Inc. reported its financial results for the first quarter of fiscal 2025, highlighting key metrics such as revenue, net income, and operational performance. The company experienced fluctuations in passenger numbers and operational challenges, impacting overall profitability. Management provided insights into strategic initiatives aimed at improving efficiency and addressing market conditions. Future outlook and guidance were also discussed, reflecting the company's response to current industry trends. Operational challenges and strategic initiatives may moderately influence financial performance and market positioning.

14 May

4 GlobeNewswire, 7:00 AM
Mesa Air Group, Inc. reported fourth quarter and fiscal full-year 2024 results, with total operating revenues of $115.3 million and a net loss of $24.9 million. The company entered an all-stock merger agreement with Republic Airways Holdings to create a leading regional airline and has completed significant asset sales, including 18 E-175 aircraft to United Airlines. Operationally, Mesa achieved a 99.88% controllable completion factor and anticipates increased utilization in the upcoming quarter. Despite a decrease in total operating revenues for the fiscal year, adjusted EBITDA improved to $55.5 million. The company ended the quarter with $15.6 million in unrestricted cash and $315.2 million in total debt. The merger with Republic Airways and significant asset transactions are likely to significantly impact Mesa's future performance and market positioning.

3 Associated Press Finance, 7:30 AM
Mesa Air Group Inc. reported a loss of $24.9 million in its fiscal fourth quarter, equating to a loss of 60 cents per share. Adjusted earnings were less than 1 cent per share, with revenue for the quarter at $115.3 million. For the fiscal year, the company posted a total loss of $91 million, or $2.21 per share, with annual revenue of $476.4 million. The reported losses and revenue figures indicate ongoing financial challenges that may moderately influence investor sentiment and operational strategies.

7 Apr

4 GuruFocus.com, 3:47 PM
Mesa Air Group, Inc. (MESA) and Republic Airways have merged in an all-stock deal to form Republic Airways Holdings Inc., operating a 310-aircraft fleet. The merger, expected to close later this year, will allow Mesa to wipe its debt and secure a new 10-year deal with United Airlines. Republic shareholders will own 88% of the new entity, while Mesa shareholders will receive 6% to 12%. The combined airline aims for operational efficiency and financial stability, with estimated revenue around $1.9 billion. The merger significantly alters Mesa's financial position and operational scale, enhancing its competitive stance in the regional airline market.

4 MT Newswires, 11:25 AM
Mesa Air Group, Inc. (MESA) shares surged intraday after the company announced an all-stock merger agreement with Republic Airways, signaling a significant strategic move in the airline industry. The merger with Republic Airways is a major strategic move that could significantly alter Mesa Air's competitive position and investor sentiment.

4 www.investopedia.com, 9:57 AM
Mesa Air Group, Inc. has seen a significant increase in its stock price following the announcement of a merger agreement with Republic Airways. This strategic move is expected to enhance Mesa's operational capabilities and market presence in the regional airline sector. Investors reacted positively to the news, indicating optimism about the potential benefits of the merger for both companies. The merger with Republic Airways is a major strategic move that could significantly alter Mesa's competitive position and investor sentiment.

4 The Wall Street Journal, 8:58 AM
Republic Airways and Mesa Air Group have announced a merger to form a publicly-traded regional airline through an all-stock transaction. The merger is a significant strategic move that could alter Mesa Air Group's competitive position and market dynamics.

4 Associated Press Finance, 8:50 AM
Republic Airways and Mesa Air Group are merging in an all-stock deal to form a regional airline with a combined fleet of approximately 310 Embraer 170/175 aircraft and over 1,250 daily departures. The new entity, named Republic Airways Holdings Inc., will continue to operate under agreements with American Airlines, Delta, and United Airlines. Republic shareholders will own 88% of the combined company, while Mesa shareholders will hold between 6% and 12%, depending on pre-closing criteria. The transaction, which has been approved by both boards, is expected to close in late Q3 or early Q4, pending shareholder approval. Mesa's shares surged over 67% following the announcement. The merger significantly enhances operational capacity and market positioning, likely impacting future performance and investor sentiment.

4 Reuters, 8:04 AM
Mesa Air Group and Republic Airways have agreed to merge in an all-stock deal, creating a larger regional airline with a fleet of approximately 310 Embraer 170/175 aircraft. The merger, expected to close in late 2025, will result in Republic shareholders owning 88% of the combined entity, which will operate under the name Republic Airways Holdings Inc. Mesa's shares rose 23.8% in premarket trading following the announcement. The new company will continue existing capacity purchase agreements with major airlines and will have a board consisting of six directors from Republic and one independent director from Mesa. The merger represents a significant strategic move that could enhance operational efficiency and market positioning for Mesa Air Group.

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