AerCap Holdings (AER) Tops Q1 EPS by 39c

AerCap Holdings (NYSE: AER) reported Q1 EPS of $2.14, $0.39 better than the analyst estimate of $1.75. Revenue for the quarter came in at $1.24 billion versus the consensus estimate of $1.18 billion.

2020 Earnings Guidance:

We provided guidance with respect to our projected 2020 financial results at our Capital Markets Day investor presentation on November 11, 2019 and during our fourth quarter earnings call on February 13, 2020. Since then, the Covid-19 outbreak has been declared a pandemic by the World Health Organization and the outbreak Of Covid-19 and responsive government actions have caused significant economic disruption, a dramatic reduction in commercial airline traffic and a high volume of flight cancellations, resulting in a broad adverse impact on air travel and the aviation industry. Given the rapidly evolving situation, we are unable at this time to estimate the impact of the Covid-19 outbreak on our future financial results, and therefore we are withdrawing our 2020 guidance.

For earnings history and earnings-related data on AerCap Holdings (AER) click here.

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