AerCap Holdings (AER) Tops Q2 EPS by 41c

AerCap Holdings (NYSE: AER) reported Q2 EPS of $1.73, $0.41 better than the analyst estimate of $1.32. Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.28 billion.

Second Quarter 2015 Highlights

• 132 aircraft transactions executed.
• 99.1% fleet utilization rate and 6.0 years average remaining contracted lease term as of June 30, 2015.
• Commitments to purchase 461 aircraft with scheduled delivery dates through 2022. Approximately 80% of aircraft purchases delivering through December 2018 are leased under a lease contract or letter of intent on an average 12-year lease term.
• Placed an order for 100 Boeing 737 MAX 8 aircraft with deliveries starting in 2019.
• 15.7 million shares repurchased for $750 million from American International Group, Inc. ("AIG").
• $6.6 billion of available liquidity. $16.8 billion of financing raised since the ILFC acquisition announcement in December 2013.

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

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