1-Nov-2013 10:32 AM

Aircastle losses widen in 3Q2013

Aircastle revenue down 2% – financial highlights for three months ended 30-Sep-2013:

  • Total revenue: USD170.1 million, -1.6% year-on-year;
    • Lease rental revenue: USD161.1 million, +1.0%;
    • Finance lease revenue: USD3.5 million, +17.2%;
    • Maintenance revenue: USD12.9 million, +18.2%;
    • Amortisation of lease premiums, discounts and lease incentives: USD9.7 million), +42.4%;
  • Profit (loss) from continuing operations before income tax: (USD75.2 million), compared to a loss of USD44.1 million in p-c-p;
  • Net profit (loss): (USD74.6 million), compared to a loss of USD45.8 million in p-c-p;
  • Total assets: USD5805 million;
  • Cash and cash equivalents: USD238.2 million;
  • Total liabilities: USD4205 million. [more - original PR]