5-Nov-2013 9:44 AM

AerCap Holdings net profit up 44% in 3Q2013

AerCap Holdings revenue up 4% - financial highlights for three months ended 30-Sep-2013:

  • Total revenue: USD279.3 million, +4% year-on-year;
    • Lease revenue: USD258.0 million, -2%;
    • Net gain on sale of assets: USD10.7 million, +1683%;
    • Management fees and interest revenue: USD6.1 million, +49%;
  • Net profit: USD83.6 million, +44%;
  • Total assets: USD9287 million;
  • Cash and cash equivalents: USD318.1 million;
  • Total liabilities: USD6925 million. [more - original PR]

AerCap Holdings: “Our USD3.5 billion of contracted future aircraft purchases are all placed on long term leases. In conjunction with our existing portfolio, these aircraft purchases will drive our future earnings growth,” Aengus Kelly, CEO. Source: Company statement, 04-Nov-2013.