AerCap Holdings back in the black in 3Q2012

AerCap Holdings revenue down 2% - financial highlights for three months ended 30-Sep-2012:

• Total revenue: USD269.35 million, -2% year-on-year;
  • Lease revenue: USD263.6 million, -1%;
• Net profit: USD57.9 million, compared to a loss of USD7.1 million in p-c-p;
• Total assets: USD9134 million, +0.3% when compared to period ended 31-Dec-2011;
• Cash and cash equivalents: USD309.7 million, -24.7% when compared to period ended 31-Dec-2011;
• Flight equipment held for lease: USD8046 million, +1.9% when compared to period ended 31-Dec-2011;
• Total liabilities: USD6916 million, +1.3% when compared to period ended 31-Dec-2011. [more - original PR]

AerCap Holdings: "Given the ongoing volatility in the global markets, we are pleased with the financial results reported today. We continue our concerted efforts to optimize our aircraft portfolio with an average age of 5.8 years, which is among the youngest in the aircraft leasing sector. In addition, our liquidity profile remains strong which positions us further to execute on additional investment opportunities," Keith Helming, CFO. Source: Company statement, 07-Nov-2012.