financetom
Business
financetom
/
Business
/
AerCap further hikes earnings forecast on 'robust' sales
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
AerCap further hikes earnings forecast on 'robust' sales
Aug 1, 2024 7:12 AM

DUBLIN, Aug 1 (Reuters) - AerCap ( AER ) raised its

full-year earnings guidance for the second time this year on

Thursday after further gains on the sale of aircraft and higher

lease revenue in the second quarter.

Aercap ( AER ), the world's largest aircraft lessor, expects

full-year adjusted earnings per share of around $10.25,

including gains on the sale of aircraft, engines and helicopters

in the first half of the year but before any potential further

gains in the second half.

The Dublin-based lessor had forecast a range of $7.50 -

$8.50 in March, excluding any gains on sales for the year, and

raised it to $9.20 in May after reporting a 160 million euro

first quarter net gain on asset sales.

It reported a further 129 million euro net gain in the

period from April to June after it sold 29 aircraft, seven

engines and one helicopter in what it described as a "robust

sales market".

AerCap's ( AER ) portfolio consisted of 3,492 owned, managed or

ordered aircraft, engines and helicopters at the end of June, a

fleet that far dwarfs its nearest rival. It entered into lease

agreements for 162 of those assets in the second quarter.

It said it had subsequently entered into an agreement with

Airbus in July to purchase 36 A320neo aircraft, to be

leased to Spirit Airlines ( SAVE ) upon delivery in 2027 and

2028.

Low cost U.S. carrier Spirit announced in April that it had

deferred all aircraft on order with Airbus that were scheduled

to be delivered in 2025 and 2026 to 2030 to 2031.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
OrthoPediatrics Reports Expansion of Specialty Bracing Division
OrthoPediatrics Reports Expansion of Specialty Bracing Division
Jan 10, 2025
11:07 AM EST, 01/10/2025 (MT Newswires) -- OrthoPediatrics ( KIDS ) said Friday it's expanding its Specialty Bracing division with the entry into three target markets in Indiana, Colorado, and Florida. The company said the new locations will allow it to partner with pediatric orthopedic surgeons in the region to treat children with non-operative solutions. Price: 23.97, Change: -0.20, Percent...
US hits Russian oil in toughest sanctions yet in bid to give Ukraine, Trump leverage
US hits Russian oil in toughest sanctions yet in bid to give Ukraine, Trump leverage
Jan 10, 2025
* Sanctions are broadest yet on Russian energy * Biden officials say sanctions will cost Russia billions of dollars a month * Trump aides were briefed on the sanctions * Biden officials expect Russia to circumvent sanctions but doing so will add costs to its oil industry By Timothy Gardner and Daphne Psaledakis WASHINGTON, Jan 10 (Reuters) - The Biden...
What's Going On With Rigetti Computing (RGTI) Stock?
What's Going On With Rigetti Computing (RGTI) Stock?
Jan 10, 2025
Shares of Rigetti Computing Inc ( RGTI ) are trading lower by 40% to $9.64 since Wednesday’s open following comments from Nvidia CEO Jensen Huang that cast doubt on the near-term potential of quantum computing. What Happened: During Nvidia’s analyst day, Huang suggested that practical quantum computers are still 15 to 30 years away, with 20 years being a more...
Mint Shares Rise in Nasdaq Debut
Mint Shares Rise in Nasdaq Debut
Jan 10, 2025
11:07 AM EST, 01/10/2025 (MT Newswires) -- Mint (MIMI) shares were up in recent Friday trading after the company marked its Nasdaq debut above the $4-per-share IPO price. Shares of the Hong Kong-based interior design company were trading at $4.60 apiece recently after opening at $4.40. Price: 4.60, Change: +0.60, Percent Change: +15.00 ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved