Welcome to our dedicated page for Aercap Holdings N.V. news (Ticker: AER), a resource for investors and traders seeking the latest updates and insights on Aercap Holdings N.V. stock.
AerCap Holdings N.V. (NYSE: AER) is a leading global aviation leasing company offering comprehensive fleet solutions to approximately 300 airline customers worldwide. With its headquarters in Dublin and offices across major cities such as Amsterdam, Los Angeles, Singapore, and Shanghai, AerCap provides unparalleled services in leasing, financing, sales, and management of commercial aircraft and engines.
The company's extensive portfolio includes one of the world’s largest fleets of modern, fuel-efficient aircraft. AerCap's robust long-term capital structure supports its strong profitability and cash flow. The firm is renowned for its high-quality assets, including a significant order book for new, technologically advanced aircraft that meet the industry's stringent emission standards.
Recent achievements highlight AerCap's proactive approach to market demands and sustainability. In 2024, the company signed 82 lease agreements, completed 21 aircraft purchases, and sold 49 assets. Additionally, AerCap has committed to buying 150 new CFM LEAP engines, emphasizing its focus on fuel efficiency and environmental responsibility.
AerCap's financial health is solid, demonstrated by its 2024 first-quarter net income of $604 million and strong adjusted earnings per share. The company also announced a new $500 million share repurchase program and initiated a quarterly dividend, reflecting its confidence in future cash flows and commitment to shareholder value.
Furthermore, AerCap is dedicated to ESG principles, as evidenced by its seventh annual ESG Report. The report details the company's advancements in fleet modernization, emissions reduction, and social governance initiatives, underscoring its role in promoting sustainable aviation.
Overall, AerCap continues to lead the aviation leasing industry, leveraging its strategic partnerships, innovative solutions, and strong financial foundation to meet the evolving needs of the global aviation market.
AerCap Holdings N.V. reported strong financial results for Q1 2024 with net income of $604 million, or $3.02 per share, and adjusted net income of $658 million, or $3.29 per share. Full-year 2024 adjusted EPS guidance raised to approximately $9.20. Return on equity at 14%, adjusted debt/equity ratio of 2.40 to 1, unlevered gain on sale margin of 21%, and operating cash flow of $1.4 billion. Book value per share increased by 27% from the previous year. Revenue and other income increased by 8% to $2.018 billion with strong performance in lease revenue, net gain on asset sales, and other income. AerCap's strong start to the year led to a shareholder return of $336 million through share repurchases. The company's financial position remains robust with total cash, cash equivalents, and restricted cash at $1.485 billion.
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