Republic Airways Holdings (NASDAQ:RJET) concluded a "transformational" fiscal year 2025 by swinging to a full-year profit of $76.2 million, or $1.87 per share.
The regional aviation powerhouse, which provides capacity for American, Delta, and United, reported fourth-quarter net income of $5 million.
While the quarterly profit was impacted by merger-related costs, adjusted earnings of 54 cents per share significantly outpaced analyst projections.
Total revenue for the quarter rose to $464.1 million, reflecting the first full period of combined operations with Mesa Air Group.
The merger, finalized in late 2025, has established Republic as the largest regional operator of Embraer E-Jets globally, with a combined fleet of 311 aircraft.
The airline’s performance was achieved despite a challenging fourth quarter marked by a U.S. government shutdown and severe weather events that spiked flight cancellations across the Northeast and Midwest hubs.
For the full year, Republic reported $1.68 billion in revenue, a record for the company.