earnings
confidence high
sentiment positive
materiality 0.65
Aircastle Q3 revenues $194M, net income $18M; Moody's outlook positive
Aircastle LTD
- Total revenues $194M, net income $18M; adjusted EBITDA $182M for Q3 ended Nov 30, 2024.
- Acquired 8 aircraft for $259M (69% new tech); sold 8 for $145M with $20M gains; fleet utilization >99%.
- Moody's changed Outlook to Positive, citing improved fleet characteristics and strong liquidity.
- Total liquidity $2.8B as of Jan 1, 2025; adjusted net debt-to-equity 1.8x; unencumbered fleet NBV $6.1B.
- Year-to-date cash from ops up 19% vs prior year; CEO notes strong demand and constrained OEM supply.