AerCap Holdings reports USD 276.8m in Q1 2020 net income

AerCap Holdings N.V.has reported net income of USD 276.8 million for the first quarter of 2020 with diluted earnings of USD 2.14 per share, the company said.

In the first quarter 2020, AerCap reported:

-Approximately USD 11 billion sources of liquidity.
-Over USD 28 billion of unencumbered assets.
-Adjusted debt/equity ratio of 2.5 to 1.
-Secured debt-to-total assets ratio of 19.6%.
-100% of new aircraft deliveries through December 2021 already leased.
-New technology aircraft comprise 59% of fleet.
-Approximately 98% of lease rents through 2022 already contracted.
-Average current lease expires in the third quarter of 2027.
-99% fleet utilization rate for the first quarter of 2020.
-27% increase in diluted EPS year over year.
014% increase in book value per share since March 31, 2019 to USD 73.69.

AerCap is the global leader in aircraft leasing with 1,372 aircraft owned, managed or on order and USD 47.1 billion of total assets as of March 31, 2020. AerCap has one of the most attractive order books in the industry. AerCap serves approximately 200 customers in approximately 80 countries with comprehensive fleet solutions.