What is Republic Airways Holdings's free cash flow?

Republic Airways Holdings had negative free cash flow of $88.70M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $322.00M minus $410.70M of capital expenditures.

How much does Republic Airways Holdings spend on capital expenditures?

Republic Airways Holdings spent $410.70M on capital expenditures in fiscal 2025, compared with $259.60M a year earlier. That equals 127.5% of operating cash flow.

Does Republic Airways Holdings pay dividends or buy back shares?

Republic Airways Holdings's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment.

Republic Airways Holdings (RJET) Cash Flow: Operating & Free Cash Flow

Republic Airways Holdings Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Republic Airways Holdings Inc. (RJET) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2015	FY 2014
Period ending	Dec 2025	Mar 2025	Dec 2024	Dec 2023	Dec 2022	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Dec 2015	Dec 2014
Operating Activities
Net Income	76.20	64.60	64.60	-120.12	-182.68	67.80	16.59	27.46	47.58	33.26	32.83	-27.10	64.30
Depreciation & Amortization	126.30	117.00	117.00	60.36	149.70	149.70	82.85	82.30	77.99	65.03	61.05	207.40	186.50
Deferred Income Tax	33.90	17.20	17.20	29.30	19.60	19.60	5.67	9.23	15.50	-17.87	20.52	-	-
Stock Based Compensation	20.20	0.00	1.00	1.50	2.76	0.00	0.00	0.00	0.00	0.00	0.00	4.00	4.60
Change in Working Capital	59.50	20.50	20.50	84.10	-60.00	-60.00	4.79	36.02	-2.07	16.41	-33.88	11.40	15.70
Change in Accounts Receivable	-7.50	-21.60	-10.90	-4.28	-0.81	-54.10	10.55	9.37	-9.28	-5.44	0.53	-36.50	26.00
Change in Inventory	0.40	-2.10	-2.10	-2.53	-4.30	-4.30	-1.87	-1.53	-6.31	-0.74	-3.38	-0.40	6.90
Change in Accounts Payable	20.00	24.20	24.20	0.50	3.70	3.70	7.86	3.42	12.12	2.43	-17.34	31.60	-13.00
Change in Other Working Capital	46.60	20.00	9.30	2.59	12.60	-5.30	-11.75	24.77	1.40	20.17	-13.70	16.70	-4.20
Other Operating Activities	5.90	6.80	23.00	44.07	12.60	12.60	22.98	19.64	12.66	22.12	-5.78	-11.40	14.40
Net Cash from Operating Activities	322.00	226.10	226.10	329.20	189.70	189.70	132.87	174.66	151.68	118.94	74.73	196.70	320.50
Investing Activities
Capital Expenditures	-410.70	-259.60	-226.70	-378.10	-199.50	-199.50	-17.15	-26.67	-125.35	-117.99	-84.50	-487.50	-596.70
Acquisitions	22.80	0.00	-	0.00	-	0.00	0.00	0.00	0.00	0.00	0.02	-	-
Purchases of Investments	-176.20	-187.30	-187.30	-282.80	-98.90	-98.90	-10.00	0.00	-14.88	-19.92	0.00	-	-
Sales/Maturities of Investments	212.50	255.30	255.30	120.00	160.00	160.00	0.00	0.00	34.96	0.00	0.00	-	-
Other Investing Activities	0.70	86.10	-32.90	0.28	-7.62	1.40	-6.32	0.00	0.43	-0.65	0.41	17.20	2.30
Net Cash from Investing Activities	-350.90	-105.50	-105.50	-420.90	-137.00	-137.00	-33.47	-26.67	-104.84	-138.56	-84.08	-375.60	-553.10
Financing Activities
Debt Repayment	67.80	-62.80	-277.50	-203.03	-259.00	-187.30	-77.36	-117.07	-79.78	-40.30	29.54	-	-
Common Stock Issued	-1.10	0.00	-	0.28	0.40	0.00	0.47	0.00	0.19	124.25	0.00	2.70	2.60
Common Stock Repurchased	0.00	0.00	-	-0.36	-0.46	0.00	-1.49	-0.59	-1.87	-17.53	-1.04	-	-2.10
Other Financing Activities	-12.00	-39.40	-2.00	-8.40	-2.50	-2.50	0.00	0.00	0.00	0.00	0.00	-5.90	-3.10
Net Cash from Financing Activities	54.70	-102.20	-102.20	107.10	-189.80	-189.80	-78.37	-117.66	-81.47	66.41	28.50	128.50	179.80
Summary
Net Change in Cash	25.80	18.40	18.40	15.40	-137.10	-137.10	21.03	30.34	-34.63	46.79	19.15	-50.40	-52.80
Cash at Beginning of Period	131.90	113.50	113.50	98.10	235.20	235.20	102.84	72.50	107.13	60.35	41.20	-	-
Cash at End of Period	157.70	131.90	131.90	113.50	98.10	98.10	123.87	102.84	72.50	107.13	60.35	-	-
Free Cash Flow	-88.70	-33.50	-0.60	-48.90	-9.80	-9.80	115.72	148.00	26.33	0.95	-9.77	-290.80	-276.20
Supplemental Disclosures
Interest Paid	-	-	56.00	44.40	39.90	-	-	-	-	-	-	105.60	110.10
Income Taxes Paid	-	-	-5.70	-3.30	-6.20	-	-	-	-	-	-	-	0.80

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Republic Airways Holdings (RJET) Cash Flow Statement

Republic Airways Holdings Cash Flow Statement Analysis

Frequently Asked Questions About Republic Airways Holdings Cash Flow