earnings
confidence high
sentiment neutral
materiality 0.50
Aircastle Q2 FY2026: revenue $283M, net income $69M; $38M gains on sale of 11 aircraft
Aircastle LTD
- Q2 FY2026 (quarter ended Aug 31, 2026): total revenues of $283M, net income of $69M, adjusted EBITDA of $247M.
- Acquired 5 aircraft for $269M, including 3 Airbus A321neo and 1 Boeing 737MAX8; sold 11 aircraft for $243M proceeds and $38M gains.
- New-technology aircraft were 54% of fleet net book value; CEO Mike Inglese cited $386M of year-to-date aircraft investment.
- Fleet utilization fell to 97.4% from 99.7% YoY; owned aircraft 263 (NBV $8.3B) vs 270 ($8.47B); lessees 67 vs 75.
- Redeemed all 400 Series A Preference Shares; 98% of debt unsecured; adjusted net debt-to-equity 2.4x; liquidity $2.8B as of Oct 1.