Republic Airways Holdings Inc. balance sheet

At the end of fiscal 2025, Republic Airways Holdings Inc. had total assets of $3.28bn, total liabilities of $1.95bn and shareholders' equity of $1.33bn. It held $134m in cash against $1.09bn of debt: net debt of $961m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Republic Airways Holdings Inc.: balance sheet, annual
Fiscal year	2016Sept 2016	2017Sept 2017	2018Sept 2018	2019Sept 2019	2020Sept 2020	2021Sept 2021	2022Sept 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash and equivalents	—	—	—	—	—	—	—	16	111	134	129
Receivables	—	9	14	23	14	3	4	6	5	—	—
Inventory	—	—	—	—	—	—	—	—	63	89	107
Total current assets	—	146	198	158	156	158	98	150	453	541	552
Goodwill	—	—	—	—	—	—	—	2	2	123	112
Total assets	—	1,358	1,472	1,452	1,502	1,457	1,116	776	2,768	3,277	3,262
Accounts payable	—	45	54	50	53	61	59	54	61	—	—
Deferred revenue (current)	—	—	—	2	9	6	0	4	5	—	—
Total current liabilities	—	218	251	257	353	258	214	254	489	574	515
Short-term debt	—	140	155	166	189	112	97	157	143	—	—
Long-term debt	—	804	760	677	542	540	503	315	84	1,025	841
Total debt	0	957	930	858	743	670	697	481	1,023	1,095	1,025
Total liabilities	—	1,135	1,098	1,026	1,044	969	807	633	1,652	1,948	1,839
Shareholders' equity	189	222	374	426	458	488	308	1,046	1,111	1,329	1,423
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	—	—	—	—	−903	—	—	—
Net debt (negative = net cash)	—	—	—	—	—	—	—	465	913	961	896
Shares outstanding	—	23m	24m	31m	36m	36m	36m	41m	39m	46m	46m

US$ millions unless shown otherwise. Fiscal quarters.

Republic Airways Holdings Inc.: balance sheet, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Receivables	5	15	9	20	—	—	—	—
Inventory	63	—	—	—	89	95	99	107
Total current assets	453	164	133	115	541	487	535	552
Goodwill	2	—	—	—	123	123	110	112
Total assets	2,768	215	179	159	3,277	3,265	3,256	3,262
Accounts payable	61	56	50	57	—	—	—	—
Deferred revenue (current)	5	5	6	6	—	—	—	—
Total current liabilities	489	202	175	170	574	520	520	515
Short-term debt	143	99	85	68	—	—	—	—
Long-term debt	84	32	28	27	1,025	909	876	841
Total debt	227	130	113	95	1,025	909	876	841
Total liabilities	1,652	277	220	212	1,948	1,913	1,870	1,839
Shareholders' equity	1,111	1,138	1,175	1,182	1,329	1,352	1,386	1,423
Non-controlling interests and other (assets − liabilities − equity)	—	−1,200	−1,216	−1,234	—	—	—	—
Shares outstanding	39m	41m	42m	42m	46m	46m	46m	46m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Republic Airways Holdings Inc.'s SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Republic Airways Holdings Inc.