(RJET) Republic Airways Holdings - Overview
Sector: Industrials | Industry: Airlines | Exchange: NASDAQ (USA) | Market Cap: 1.094m USD | Total Return: 64.7% in 12m
Avg Turnover: 3.26M
Rev. Trend: 83.1%
Warnings
Share dilution 1565.9% YoY
High Debt while negative Cash Flow
Fakeout
Tailwinds
No distinct edge detected
Republic Airways Holdings Inc. is a regional airline operator based in Carmel, Indiana, managing a fleet of approximately 275 aircraft. The company facilitates 1,300 daily flights across 130 destinations in the United States, Canada, the Caribbean, and Mexico.
The business model primarily relies on fixed-fee contracts with major mainline carriers, such as American Airlines, Delta, and United, where the regional partner operates flights under the major brands livery. This regional airline structure allows larger carriers to outsource shorter, lower-density routes to achieve better cost efficiencies and operational flexibility. Investors can examine the specific terms of these capacity purchase agreements on ValueRay to better understand the companys revenue stability.
Founded in 1974, Republic Airways serves as a critical link in the North American hub-and-spoke aviation system. Despite its GICS classification in Marine Transportation in some legacy databases, the company operates strictly within the regional aviation sector, where profitability is often tied to pilot labor supply and contract renewal cycles with mainline partners.
- Pilot labor shortages and contract negotiations impact operational capacity and margins
- Fixed-fee contract renewals with major carriers determine long-term revenue stability
- Regional jet pilot training costs and recruitment pipelines affect fleet utilization
- Fluctuations in regional demand from major airline partners drive flight volume
- Regulatory shifts in pilot certification requirements influence available crew supply
| Net Income: 38.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -3.56 > 1.0 |
| NWC/Revenue: -2.87% < 20% (prev -3.74%; Δ 0.87% < -1%) |
| CFO/TA 0.12 > 3% & CFO 391.4m > Net Income 38.6m |
| Net Debt (1.10b) to EBITDA (159.5m): 6.91 < 3 |
| Current Ratio: 0.94 > 1.5 & < 3 |
| Outstanding Shares: last quarter (46.1m) vs 12m ago 1.57k% < -2% |
| Gross Margin: 24.75% > 18% (prev 0.21%; Δ 2.45k% > 0.5%) |
| Asset Turnover: 39.04% > 50% (prev 26.29%; Δ 12.75% > 0%) |
| Interest Coverage Ratio: 2.23 > 6 (EBITDA TTM 159.5m / Interest Expense TTM 38.7m) |
| A: -0.01 (Total Current Assets 486.5m - Total Current Liabilities 520.2m) / Total Assets 3.27b |
| B: 0.23 (Retained Earnings 735.4m / Total Assets 3.27b) |
| C: 0.03 (EBIT TTM 86.3m / Avg Total Assets 3.01b) |
| D: 0.38 (Book Value of Equity 735.4m / Total Liabilities 1.91b) |
| Altman-Z'' = 1.26 = BB |
| DSRI: 0.23 (Receivables 21.6m/57.1m, Revenue 1.17b/724.1m) |
| GMI: 0.86 (GM 24.75% / 21.29%) |
| AQI: 3.48 (AQ_t 0.10 / AQ_t-1 0.03) |
| SGI: 1.62 (Revenue 1.17b / 724.1m) |
| TATA: -0.11 (NI 38.6m - CFO 391.4m) / TA 3.27b) |
| Beneish M = -1.98 (Cap -4..+1) = B |
As of May 29, 2026, the stock is trading at USD 23.43 with a total of 193,924 shares traded.
Over the past week, the price has changed by +13.68%,
over one month by +31.78%,
over three months by +7.82% and
over the past year by +64.68%.
Republic Airways Holdings has no consensus analysts rating.
P/E Trailing = 13.1977
P/S = 0.6479
P/B = 0.8582
Revenue TTM = 1.17b USD
EBIT TTM = 86.3m USD
EBITDA TTM = 159.5m USD
Long Term Debt = 909.2m USD (from longTermDebt, last quarter)
Short Term Debt = 210.2m USD (from shortTermDebt, last quarter)
Debt = 1.38b USD (from shortLongTermDebtTotal, last quarter) + Leases 136.8m
Net Debt = 1.10b USD (calculated: Debt 1.38b - CCE 273.4m)
Enterprise Value = 2.20b USD (1.09b + Debt 1.38b - CCE 273.4m)
Interest Coverage Ratio = 2.23 (Ebit TTM 86.3m / Interest Expense TTM 38.7m)
EV/FCF = -22.28x (Enterprise Value 2.20b / FCF TTM -98.6m)
FCF Yield = -4.49% (FCF TTM -98.6m / Enterprise Value 2.20b)
FCF Margin = -8.39% (FCF TTM -98.6m / Revenue TTM 1.17b)
Net Margin = 3.29% (Net Income TTM 38.6m / Revenue TTM 1.17b)
Gross Margin = 24.75% ((Revenue TTM 1.17b - Cost of Revenue TTM 884.1m) / Revenue TTM)
Gross Margin QoQ = 27.76% (prev 26.50%)
Tobins Q-Ratio = 0.67 (Enterprise Value 2.20b / Total Assets 3.27b)
Interest Expense / Debt = 2.81% (Interest Expense 38.7m / Debt 1.38b)
Taxrate = 28.46% (10.7m / 37.6m)
NOPAT = 61.7m (EBIT 86.3m * (1 - 28.46%))
Current Ratio = 0.94 (Total Current Assets 486.5m / Total Current Liabilities 520.2m)
Debt / Equity = 1.02 (Debt 1.38b / totalStockholderEquity, last quarter 1.35b)
Debt / EBITDA = 6.91 (Net Debt 1.10b / EBITDA 159.5m)
Debt / FCF = -11.18 (negative FCF - burning cash) (Net Debt 1.10b / FCF TTM -98.6m)
Total Stockholder Equity = 646.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.28% (Net Income 38.6m / Total Assets 3.27b)
RoE = 5.97% (Net Income TTM 38.6m / Total Stockholder Equity 646.6m)
RoCE = 5.54% (EBIT 86.3m / Capital Employed (Equity 646.6m + L.T.Debt 909.2m))
RoIC = 2.30% (NOPAT 61.7m / Invested Capital 2.68b)
WACC = 4.74% (E(1.09b)/V(2.47b) * Re(8.18%) + D(1.38b)/V(2.47b) * Rd(2.81%) * (1-Tc(0.28)))
Discount Rate = 8.18% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 100.00 | Cagr: 251.3%
[DCF] Fair Price = unknown (Cash Flow -98.6m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 83.13 | Revenue CAGR: 35.29% | SUE: N/A | # QB: 0