21-Feb-2013 11:45 AM

AerCap Holdings profits down in 2012

AerCap Holdings revenue down 11% – financial highlights for 12 months ended 31-Dec-2012:

  • Total revenue: USD972.5 million, -11% year-on-year;
    • Lease revenue: USD997.2 million, -5%;
    • Net gain (loss) on sale of assets: (USD46.4 million), compared to a gain of USD9.3 million in p-c-p;
  • Operating profit: USD158.4 million, -8.3%;
  • Net profit: USD163.7 million, -5.0%;
  • Total assets: USD8581 million, -6%;
  • Total cash: USD800 million, +23%;
  • Total liabilities: USD6459 million, -5%. [more – original PR]

AerCap Holdings: “We are extremely pleased with our capital raising initiatives during 2012, completing USD1.5 billion of financing transactions including the Company’s initial USD300 million unsecured bond issuance in May. Additionally, the fourth quarter sale of our ALS portfolio and closing of the working capital facility improved the company’s liquidity by USD650 million. As a result, the company is extremely well positioned for 2013 with year-end liquidity of over USD800 million including unrestricted cash,” Keith Helming, CFO. Source: Company statement, 20-Feb-2012.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More