earnings
confidence high
sentiment negative
materiality 0.75
Aircastle Q1 net loss $9.8M; revenue $165.8M; prices $400M preferred at 5.25%
Aircastle LTD
- Net loss of $9.8 million for quarter ended May 31, 2021; total revenues $165.8 million.
- Adjusted EBITDA $148.3 million; gain on sale of flight equipment $9.0 million.
- Successfully priced $400 million preferred shares at 5.25% coupon; upsized from $300M due to demand.
- Moody's upgraded outlook to Stable; total liquidity $2.9 billion as of July 1, 2021.
- Deferral arrangements with 22 airlines totaling $112 million; collections 89% of lease revenues.