earnings
confidence high
sentiment positive
materiality 0.65
Aircastle Q2 net income $29M, total revenues $217M; fleet utilization >99%
Aircastle LTD
- Net income of $29M; Adjusted EBITDA of $199M for three months ended August 31, 2024.
- Lease rental and direct financing revenue up 8% year-over-year; sold 10 aircraft for $304M with $35M gains.
- Acquired 4 aircraft for $120M; issued $500M 5.75% unsecured senior notes due 2031.
- Fleet utilization 99.2%; owned 244 aircraft with $7.1B net book value; unencumbered assets $6.0B.
- Total liquidity $3.1B as of Oct 1, 2024; net debt-to-equity 1.9x.