AerCap Holdings revenue soars 125% in 3Q2010

AerCap Holdings revenue soars 125% - financial highlights for the three months ended 30-Sep-2010:

• Revenue: USD478.1 million, +125% year-on-year;
  • Lease: USD254.0 million, +65%;
• Net profit: USD51.9 million, +46%;
• Total assets: USD9339 million, +46%;
• Total cash: USD519.7 million, +60%;
• Flight equipment held for lease: USD7974 million, +67%;
• Total liabilities: USD7358 million, +45%. [more]

AerCap: "The 125% increase in total revenue, 50% growth in net spread and the consequent 46% increase in net income in the third quarter 2010 compared to the same period in 2009 further underlines our ability to deliver profitable growth. The increase in these key metrics was mainly due to the completion of the Genesis Transaction and the deliveries of our forward order aircraft. In addition, our liquidity position continues to be strong as demonstrated by the USD520 million of cash on hand at the end of September," Keith Helming, CFO. Source: AerCap, 05-Nov-2010.