Filing Flows › Republic Airways Holdings (RJET) › Q4 2025
Republic Airways Holdings (RJET) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 19, 2026
Republic Airways Holdings (RJET) reported revenue of $464M for the fourth quarter 2025 (Q4 2025), -58% from a year earlier and +13% from the quarter before. Operating margin was 50.6%, net earnings $128M (27.6% of revenue).
Republic Airways Holdings, Q4 2025: revenue $464M (-58% year over year), operating margin 50.6%, net earnings $128M, operating cash flow $357M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $464M | +13% | -58% |
| Operating profit | $235M | — | +55% |
| Net earnings | $128M | — | +31% |
| Operating cash flow | $357M | — | +94% |
| Free cash flow | $247M | — | — |
What changed
Revenue was $464.1M in Q4 2025, down 58% year over year and up 13% from the previous quarter.
Operating profit was $234.9M, a 50.6% margin (up 37.0 points year over year). Total costs fell 76% while revenue fell 58%. Net earnings were $128.1M, up 31% year over year. The effective tax rate was 23.2%.
Operating cash flow was $356.6M (up 94% year over year), 278% of net earnings. Non-cash charges added back $33.1M of depreciation and amortization and $19.5M of share-based compensation. Working capital and other items added $175.9M. Capital expenditures of $110.0M left free cash flow of $246.6M.
Questions
What was Republic Airways Holdings' revenue in the fourth quarter 2025?
Republic Airways Holdings (RJET) reported revenue of $464M for the fourth quarter 2025 (Q4 2025), -58% from a year earlier and +13% from the quarter before.
Was Republic Airways Holdings profitable in the fourth quarter 2025?
Operating profit was $235M (50.6% of revenue) and net earnings $128M.