AerCap Holdings N.V. (AER) is a leading global aviation leasing company with the most attractive order books. It serves up to 300 clients globally with comprehensive fleet solutions. The company has its offices located at multiple locations around the world.
The price of AER stock during the early trading on February 28, 2022, was last checked to be $56.08 with a decline of 10.71%.
AER: Events and Happenings
On February 28, 2022, Norwegian Air Shuttle ASA signed the deal with AER for the lease of eight Boeing 737-800 NG aircraft and ten Boeing 737 MAX 8 aircraft. The aircraft is anticipated to deliver during 2022-2023. On February 15, 2022, AER updated it will release the financial results on March 30, 2022, along with hosting a conference call.
On January 17, 2022, AER announced major business dealings during 2021, including
- Completion of the GECAS transaction makes it a global industry leader across aircraft, engines, and helicopters.
- The company received an ‘A’ rating in MSCI ESG as it improved its rating from ‘BBB.’
On December 15, 2021, AER informed that it had delivered to Breeze Airways the initial of 14 PW1500G powered Airbus A220-300 aircraft.
AER: Key Financials
On November 10, 2021, AER released its unaudited financial statement for the third quarter ended September 30, 2021. Some of the important points are discussed below.
Revenue
Total revenue in Q3 2021 was $1.45 billion against $1.02 billion in the same period of 2020. The company observed a gain of 42% in its total revenue over the year. The company topped the revenue estimates by $211.9 million.
EPS
Diluted net income per share in Q3 2021 was $441 million or $3.36 against a basic and diluted net loss of $850 million or $6.66 per share in the same period of 2020. The company observed a significant incline in its net income over the year. Also, the company topped the earnings per share estimates by $1.35.
Conclusion
AER stock is 16% up the past few months. The current early trading stock declining trend came after its recent announcement of signing a contract with Norwegian Air Shuttle ASA. The company’s earnings release date is coming and the analysts are expecting the revenue of $1.26 billion with $1.86 EPS.
