Filing Flows › Republic Airways Holdings (RJET) › Q1 2025
Republic Airways Holdings (RJET) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 20, 2025
Republic Airways Holdings (RJET) reported revenue of $395M for the first quarter 2025 (Q1 2025), +200% from a year earlier and -65% from the quarter before. Operating margin was -14.5%, net loss $58.6M (14.9% of revenue).
Republic Airways Holdings, Q1 2025: revenue $395M (+200% year over year), operating margin -14.5%, net loss $58.6M, operating cash flow $53.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $395M | -65% | +200% |
| Operating profit | −$57.3M | — | — |
| Net earnings | −$58.6M | — | — |
| Operating cash flow | $53.8M | -71% | +232% |
| Free cash flow | $14.5M | — | +46% |
What changed
Revenue was $394.8M in Q1 2025, up 200% year over year and down 65% from the previous quarter.
Operating costs exceeded revenue by $57.3M, an operating margin of -14.5%. Total costs grew 277% against revenue growth of 200%. The fastest-growing cost line was Other operating costs (+305%). The quarter ended with a net loss of $58.6M, after a profit of $97.8M the previous quarter.
Operating cash flow was $53.8M (up 232% year over year). Non-cash charges added back $30.6M of depreciation and amortization and $264K of share-based compensation. Working capital and other items added $81.6M. Capital expenditures of $39.3M left free cash flow of $14.5M.
Questions
What was Republic Airways Holdings' revenue in the first quarter 2025?
Republic Airways Holdings (RJET) reported revenue of $395M for the first quarter 2025 (Q1 2025), +200% from a year earlier and -65% from the quarter before.
Was Republic Airways Holdings profitable in the first quarter 2025?
Operating loss was $57.3M (-14.5% of revenue) and net loss $58.6M.