Aircastle (AYR) Tops Q3 EPS by 16c

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Go back to Aircastle (AYR) Tops Q3 EPS by 16c

Aircastle Announces Third Quarter 2015 Results

November 3, 2015 7:30 AM EST

STAMFORD, Conn., Nov. 3, 2015 /PRNewswire/ -- 

Key Third Quarter Developments

Lease rental and finance lease revenue was $189.9 million, up 5.3% Net loss was $(14.0) million, or $(0.17) per diluted share Excluding the $66.0 million earnings impact from Malaysian Airline System bankruptcy and older freighter exits, net income was $52.0 million, or $0.64 per share Accelerated planned exit from freighters by agreeing or completing sale of four aircraft and declaring six remaining older units to be on last leases after which we expect to scrap them Cash ROE was 14.5%, net cash interest margin was 9.2% and fleet... More