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Aircastle revenue up 16.2%, also improve in 4Q2009

8-Mar-2010 11:34 AM

Aircastle revenue up 16.2% - financial highlights:

  • Three months ended 31-Dec-2009:
    • Total revenue: USD157.8 million, +16.2% year-on-year;
      • Lease rental: USD137.1 million, +7.3%;
      • Maintenance: USD24.9 million, +123.8%;
    • Total cost: USD121.2 million, +8.2%;
    • Profit before tax: USD27.6 million, +5.2%;
    • Net profit: USD24.7 million, +7.6%;
  • 12 months ended 31-Dec-2009:
    • Total revenue: USD582.6 million, +2.1%;
      • Lease rental: USD542.3 million, +6.0%;
      • Maintenance: USD34.5 million, -41.3%;
    • Total cost: USD456.1 million, -1.5%;
    • Profit before tax: USD122.8 million, +10.5%;
    • Net profit: USD115.3 million, +12.5%. [more]

Aircastle: "Against the backdrop of unprecedented economic challenges in 2009, Aircastle expanded its customer base, grew unrestricted cash to USD143 million, and maintained 98% utilization of its modern aircraft fleet. We entered 2010 in a stronger, more competitive position, poised to capitalize on growth opportunities, given our conservative capital structure,” Ron Wainshal, CEO. Source: Aircastle, 05-Mar-2010.