Republic Airways Holdings Inc. announced Q4 and full year 2025 financial results, reporting full year revenues of $1.7 billion and net income of $76.2 million. The company also disclosed the completion of a merger with Mesa Air Group, Inc. on November 25, 2025, and provided full year 2026 guidance targeting approximately $2.0 billion in total revenues.
Key takeaways
Full year 2025 revenues were approximately $1.7 billion, an increase of 13.7% over the prior year.
Q4 2025 net income was $5.0 million, or $0.12 per diluted share, on revenues of $464.1 million.
Completed a debt-free merger with Mesa Air Group, Inc. on November 25, 2025, adding 60 E175 aircraft.
Full year 2025 adjusted EBITDAR was $342.4 million with a leverage ratio of 2.7x.
Company provided 2026 guidance targeting total revenues of approximately $2.0 billion and adjusted EBITDAR exceeding $380.0 million.
Unrestricted cash, cash equivalents, and marketable securities totaled $296.5 million as of December 31, 2025.