AerCap Holdings N.V. (NYSE: AER) reported net income of $818 million for the first quarter of 2026, representing $4.96 per share. The aviation leasing company also posted adjusted net income of $889 million, or $5.39 per share.

The Dublin-based company raised its full-year 2026 adjusted earnings per share guidance to approximately $14.50, excluding additional gains on sales. AerCap also announced a new $1.0 billion share repurchase program.

Total revenues and other income increased 8% to $2.24 billion for the quarter, compared with $2.08 billion in the same period of 2025. Basic lease rents rose 2% to $1.68 billion, while net gain on sale of assets increased 64% to $291 million, relating to 41 owned assets sold for $1.5 billion.

The company achieved an 87% lease extension rate during the quarter and closed 286 transactions. AerCap added 110 new Airbus A320neo Family aircraft to its order book, including the exercise of 45 options, with deliveries starting in 2028.

Book value per share reached $116.67 as of March 31, 2026, representing a 20% increase from the same period in 2025. The company repurchased 5.4 million shares for $745 million during the first quarter.

Cash flow from operating activities totaled $1.4 billion for the quarter. AerCap's adjusted debt-to-equity ratio stood at 2.1 to 1 as of March 31, 2026.

The company's board declared a quarterly cash dividend of $0.40 per share, payable June 4, 2026, to shareholders of record as of May 13, 2026.