EarningsQ2 2026 Earnings Report
DE:M2A0 Q2 2026 EPS Results
Actual EPS€0.60
Consensus EPS―
Beat/Miss―
One Year Ago EPS€6.70
DE:M2A0 Q2 2026 Revenue Results
Actual Revenue€509.71M
Expected Revenue―
Beat/Miss―
YoY Revenue Growth+395.32%
Earnings Announcement Details
QuarterQ2 2026
Date07/30/2026
TimeBefore Open
Conference CallThursday, July 30, 2026
DE:M2A0 Upcoming Earnings
Republic Airways Holdings's next earnings date is estimated for March 10, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:M2A0 Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted strong operational performance, sequential growth in block hours and revenues, improved completion metrics, meaningful progress on the Republic–Mesa integration (FAA approval of the first revision cycle) and a raised full-year guidance. Offsetting items include short-term weather-related disruption in July, continued integration costs and a timeline for realizing full synergy benefits through late 2027 into 2028, plus continued leverage and some unallocated fleet. On balance, the positives—notably revenue and utilization growth, improved margins on an adjusted basis, and upgraded guidance—outweigh the challenges.Company Guidance
Revenue Growth
Quarterly revenues rose approximately 8% sequentially to about $571 million, driven by strong partner demand and higher block hour production.
Adjusted Profitability
Second quarter adjusted net income of $41.3 million, or $0.89 per diluted share; adjusted pretax income of $57.4 million and adjusted EBITDAR of $109.6 million.
GAAP Earnings
GAAP net income of $31.2 million, or $0.68 per diluted share; pretax income of $43.4 million.
Higher Utilization and Production
Scheduled block hour utilization increased roughly 2%, and block hour production rose nearly 7% sequentially versus Q1.
Operational Reliability Improvements
Completion factor improved to 98% from just under 94% in Q1; achieved 85 days of perfect controllable completion factor and a 99.99% controllable completion factor across nearly 120,000 completed flights.
Raised Full-Year Guidance
2026 guidance raised: block hours expected ~880,000 (up ~2% from prior guidance of at least 865,000); revenue now expected >$2.1 billion (previous >$2.0B); adjusted EBITDAR raised to $395M–$405M (up at least $15M from prior >$380M guidance).
Integration Progress
Integration of Mesa and Republic ahead of schedule: FAA acceptance of the first of five revision cycles, consolidation of back-office responsibilities, and planned relocation of Mesa's network/operations center to Carmel in Q3.
Balance Sheet and Cash Management
Unrestricted cash ended at $278 million (up from $273 million); capital expenditures of ~$21 million for the quarter; $43 million of debt repaid during the quarter.
Fleet Flexibility
Fleet at 314 aircraft (unchanged quarter-over-quarter): 275 operating under capacity purchase agreements, 31 on lease to a partner, 8 unallocated; 26 Embraer delivery positions retained with next scheduled delivery in April 2028.
Maintenance and Utilization Upside at Mesa
Maintenance harmonization yielding reduced heavy check footprint and improved turnaround times; management expects a potential 10%–15% increase in Mesa fleet utilization when full maintenance health is achieved (back half of 2027 into 2028).
DE:M2A0 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed