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Republic Airways Holdings (RJET) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 30, 2026 · Republic Airways Holdings (RJET) Q3 2026 earnings results →
Q3 2026 Revenue up 34% year over year to $554M · 6¢ of every $1 of revenue kept as net profit · operating margin 11.4%
Republic Airways Holdings made $554M in Q3 2026 (+34% Y/Y). Operating margin 11.4%, net earnings $34.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 30, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $553.5M in Q3 2026, up 34% year over year and down 3% from the previous quarter.
Operating profit was $63.2M, a 11.4% margin (up 4.9 points year over year). Of the extra revenue versus Q3 2025, 26% reached operating profit, above the 7% margin then. Total costs grew 27% against revenue growth of 34%. Net earnings were $34.6M, up 416% year over year. The effective tax rate was 29.7%.
Operating cash flow was $79.0M (up 22% year over year), 228% of net earnings. Non-cash charges added back $35.3M of depreciation and amortization. Working capital and other items added $9.1M. Capital expenditures of $28.7M left free cash flow of $50.3M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 30, 2026 | $554M | +34% | 11.4% | $34.6M | $79.0M |
| Q2 2026 | 10-Q | Jul 31, 2026 | $571M | +41% | 10.3% | $31.2M | $49.3M |
| Q1 2026 | 10-Q | May 1, 2026 | $527M | +34% | 10.3% | $26.9M | $57.8M |
| Q4 2025 | 10-K | Mar 19, 2026 | $464M | -58% | 50.6% | $128M | $357M |
| Q3 2025 | 10-Q | Nov 21, 2025 | $412M | +258% | -2.2% | −$14.1M | −$177M |
| Q2 2025 | 10-Q | Aug 13, 2025 | $406M | +266% | 13.4% | $20.9M | −$9.4M |
| Q1 2025 | 10-Q | May 20, 2025 | $395M | +200% | -14.5% | −$58.6M | $53.8M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
- AAL — 43% of its revenue · Stated in 10-K (XBRL) · source
- UAL — 31% of its revenue · Stated in 10-K (XBRL) · source
- DAL — 24% of its revenue · Stated in 10-K (XBRL) · source
Buys from
- GE · Stated in 10-K (named, share not stated) · source
- DAL · Stated in 10-K (named, share not stated) · source
- AAL · Stated in 10-K (named, share not stated) · source
About Republic Airways Holdings
Republic is the second largest independent regional airline in the United States based on total fleet and daily departures. As of December 31, 2025, Republic had an operational fleet of 275 regional jet aircraft that regularly provides scheduled passenger service on approximately 1,300 daily flights to approximately 130 cities in the United States, Canada, Mexico, and the Caribbean. Substantially all of Republic’s service are operated under multi-year Capacity Purchase Agreements (“CPAs”) with the Partner Airlines. Republic exclusively operates the dual class Embraer E170/175 family of aircraft and is one of the world’s largest operators of that aircraft type. Under Republic’s CPAs, Republic provides substantially all of its flight capacity to the Partner Airlines.
In its own words, from its 10-K, filed Mar 19, 2026.
Republic Airways Holdings against its Air Transportation, Scheduled peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +34% against the peers' median +21%. Operating margin: 11.4% against the peers' median 1.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| RJET Republic Airways Holdings | Q3 2026 | $554M | +34% | 11.4% |
| DAL Delta Air Lines | Q3 2026 | $20.2B | +21% | 7.2% |
| United Airlines | Q3 2026 | $17.9B | +17% | 8.1% |
| AAL American Airlines Group | Q3 2026 | $16.3B | +19% | 0.7% |
| American Airlines | Q1 2025 | $12.6B | -0.2% | -2.2% |
| LUV Southwest Airlines | Q3 2026 | $8.4B | +21% | 4.5% |
| ALK Alaska Air Group | Q3 2026 | $4.3B | +14% | 1.9% |
| JBLU Jetblue Airways | Q3 2026 | $2.8B | +21% | -5.1% |
| ULCC Frontier Group Holdings | Q3 2026 | $1.4B | +53% | -8.0% |
Source: Republic Airways Holdings 10-Q on SEC EDGAR · CIK 810332 · Air Transportation, Scheduled
Guidance and outlook
13F: who owns RJET and who is buying
More on RJET
- How Republic Airways Holdings makes money: revenue by segment
- Republic Airways Holdings stock forecast, price target and fair value
- Who owns Republic Airways Holdings stock: holders, funds and Congress trades
- Republic Airways Holdings guidance and outlook
- Is Republic Airways Holdings a takeover target? LBO and rumors
- Republic Airways Holdings recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results