8-Mar-2010 11:34 AM
Aircastle revenue up 16.2%, also improve in 4Q2009
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%;
- Total revenue: USD157.8 million, +16.2% year-on-year;
- 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]
- Total revenue: USD582.6 million, +2.1%;
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.