Republic Airways Holdings Inc. Common Stock (RJET)

FairStock Score: 56/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I first ask whether the business is durable and priced sensibly. Republic Airways is a regional airline with 275 aircraft, 1,300 daily flights to 130 cities, and 8,500 employees. Airlines are capital-intensive and competitive, and regional carriers often depend on contracts with major partners, so I see no wide moat. The numbers show a turnaround: in FY2025, the year ended 2025-12-31, revenue was $1.3B and net income was $76.2M, or diluted EPS $1.87. In FY2022, the year ended 2022-09-30, revenue was $531.0M and net loss was $182.7M. More recently, fiscal Q2 2026, the quarter ended 2026-06-30, had revenue of $482.5M and net income of $31.2M, or diluted EPS $0.68; fiscal Q1 2026, the quarter ended 2026-03-31, had revenue of $438.9M, net income of $26.9M, and diluted EPS $0.58. Operations have clearly improved, but fiscal Q3 2025, the quarter ended 2025-09-30, still showed revenue of $90.7M and a net loss of $14.1M, a reminder of volatility. Financial health is mixed. FairStock calculations show ROE of 5.45%, ROCE of 4.81%, debt-to-equity of 0.86, and a Piotroski F-score of 7/9, yet the Altman Z-score is 0.83, which points to distress risk. Trailing free cash flow is negative $65.0M, an FCF yield of -8.3%. At the close on 2026-10-13, the price was $16.69. FairStock shows a P/E of 11.05, P/B of 0.55, EV/EBITDA of 8.05, and a Graham Number of $32.04, implying a 47.91% margin of safety. The statistical cheapness is tempting, but negative cash flow and leverage mean the apparent bargain needs verification.

In plain English: Republic Airways flies regional passenger service for big airlines, using about 275 planes on 1,300 daily flights. The company has returned to profit after earlier losses, but it is not generating free cash and carries meaningful debt. At the close on 2026-10-13, the shares look inexpensive compared with reported earnings and accounting value, though the weak cash flow makes that cheapness uncertain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2022 10-K (period ended 2022-09-30) · FY2021 10-K (period ended 2021-09-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer