earnings
confidence high
sentiment positive
materiality 0.75
Aircastle Q4 net income $61M vs $29M YoY; full-year net income up 48% to $124M
Aircastle LTD
- Total Q4 revenues $206M; Adjusted EBITDA $222M; acquired 29 aircraft for $1.0B (68% new tech).
- Full-year net income $124M vs $83M in fiscal 2023; operating cash flow up 25%.
- Russia-related settlement proceeds of $50M recorded in other income during Q4.
- Issued $500M unsecured senior notes at 5.25% (108bps spread); $300M equity tranche received.
- Fleet of 265 owned aircraft ($7.9B NBV); unencumbered NBV $7.1B; weighted utilization 99.3%.