earnings
confidence high
sentiment neutral
materiality 0.50
Aircastle Q3 2021: Net loss $62M, lease revenue up 13% QoQ, impairments $69M
Aircastle LTD
- Total revenues $191M, net loss $62M (includes $45M non-cash impairment charges).
- Lease rental revenue $156M (+13% vs Q2 2021); cash collections 100% of lease rental.
- Adjusted EBITDA $174M; cash flow from operations up 118% for nine months vs 2020.
- Acquired four aircraft (A320neo, B737-MAX8, two E2) in quarter; 12 YTD.
- As of Jan 7, 2022, total deferrals $87M; 6 customers in insolvency (21 aircraft, 13% NBV).