Aercap Holdings Nv Stock Earnings Reports

AerCap reported a very strong Q1 2026: GAAP net income was $818 million ($4.96/share) and adjusted net income set a record at $889 million ($5.39/share), yielding an 18% GAAP ROE and ~19% adjusted ROE. Lease activity remained robust (87% lease extension rate; 286 transactions closed, including 202 new leases), and the company sold 41 owned aircraft for $1.5 billion (unlevered gain margin ~24%). AerCap added 110 A320neo-family aircraft to its backlog and executed a 100-aircraft order leveraging its engine-leasing capabilities, with deliveries starting in 2028. Liquidity and balance-sheet metrics are strong: net debt to equity of 2.1x, ~$21 billion in total liquidity, >$3 billion of excess capital, secured debt at a record low 9%, and average cost of debt ~4.1%. Management raised full-year adjusted EPS guidance to approximately $14.50 and authorized a new $1 billion share repurchase program (following $745 million of buybacks in Q1). Management flagged geopolitical risks and elevated jet fuel as potential headwinds if sustained beyond 3–6 months, but emphasized AerCap’s resilient, long-duration lease book, high share of new-technology aircraft (~80%+), disciplined capital allocation, and positioning to capture sale-leaseback and other opportunities if airline stress increases. The company expects full-year asset sales to exceed prior guidance (> $3 billion) and anticipates net maintenance contribution to remain elevated through H1 before normalizing.