AerCap has reported a fourth quarter net profit of $671 million or $3.56 per diluted share on a year-over- year increase in revenue of 9.0 percent to $2.1 billion. At year-end, the company had cash, cash equivalents and restricted cash totaling $1.4 billion.
On Wednesday (February 26, 2025), AerCap Holdings reports their fourth quarter and full year financial results for the period ending December 31, 2024. The company reported a fourth quarter net profit of $671 million or $3.56 per diluted share on a year-over year increase in revenue of 9.0 percent to $2.1 billion. For the full year 2024, AerCap reported a net profit of $2.1 billion or $10.79 per share on a 5.0 percent increase in revenue compared to 2023 to $8.0 billion. At December 31, 2024, the company had cash, cash equivalents and restricted cash totaling $1.4 billion.
In Wednesday’s announcement, AerCap’s Chief Executive Officer, Aengus Kelly, said,
“We are pleased to announce another strong quarter for AerCap, completing a year of record operating cash flow and earnings per share. These results reflect a continued positive operating environment across our businesses and high demand for leased aircraft, engines and helicopters. We also see this reflected in our asset sales, where we sold $869 million of assets in the fourth quarter at a record gain on sale of $260 million. Given AerCap's strong outlook for 2025 and beyond, we are announcing a new $1 billion share repurchase program as well as an increase in our quarterly dividend to $0.27 per share.”
At December 31, 2024, AerCap’s portfolio included 3,525 aircraft, engines and helicopters, that were owned, managed or on order. The average age of the company’s owned aircraft was 7.4 years (4.8 years for new technology aircraft and 14.9 years for previous generation aircraft), and the average remaining contracted lease term was 7.4 years.
AerCap Holdings N.V. (NYSE: AER) is the global leader in aircraft leasing and maintains one of the most attractive order books in the industry. The company serves around 300 customers in 80 countries with comprehensive fleet solutions. AerCap is headquartered in Dublin and maintains offices in Shannon, Miami, Memphis, Singapore, Amsterdam, Shanghai, Dubai, Seattle, Toulouse, and other locations around the world.
Source: AerCap/PRNewswire