AerCap Holdings (AER) Tops Q3 EPS by 7c

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AerCap Holdings N.V. Reports Financial Results for the Third Quarter 2019 and Announces New Share Repurchase Program

November 8, 2019 7:00 AM EST

DUBLIN, Nov. 8, 2019 /PRNewswire/ --

Highlights

12% increase in EPS year over year. Upgraded to BBB rating by S&P Global Ratings and placed on Positive Outlook by Moody's. 108 aircraft transactions executed in the third quarter of 2019. New technology aircraft now comprise 55% of our owned fleet. Over $40 billion of contracted future lease revenues. Approximately 97% of lease rents through 2022 already contracted. Average current lease expires in 2027. 99.8% fleet utilization rate for the third quarter of 2019. $2.4 billion increase in average lease assets year over year. 13%... More