Republic Airways (RJET) investor relations material

Leadership Transition and Company Culture

• Matt Koscal will become CEO on June 15, 2026, emphasizing culture, employee engagement, and operational excellence as top priorities, ensuring leadership continuity and stability.

• The company’s guiding principles—stewardship, excellence, trust, respect, and fun—are seen as competitive advantages for talent retention and performance.

• Leadership team is recognized for deep experience in regional airlines and disciplined management transition.

Operational Model, Performance, and Strategic Positioning

• Operates a single-fleet model (E170/E175) under capacity purchase agreements with American, Delta, and United, insulating from fuel and passenger demand risks.

• Largest E-Jet operator with 306 committed E175 aircraft and 12 bases, focusing on the Northeast and major hubs like New York, Washington D.C., and Boston.

• Delivers industry-leading operational reliability, with a 99.99% controllable completion factor and resilience in irregular operations.

• Revenue split among partners: 44% United, 36% American, 20% Delta.

• Investments in training, including LIFT Academy and advanced infrastructure, have mitigated pilot shortages and supported operational consistency.

Business Evolution, Partnerships, and Customer Relationships

• Shifted from a low-cost focus to delivering premium, brand-aligned service for three major airline partners.

• Operational excellence and proactive collaboration are key differentiators valued by partners.

• Exclusive partnerships and a single fleet type with multi-class configurations support cost efficiency and partner needs.

• Attractive culture and career advancement opportunities foster employee retention and satisfaction.