Aircastle reports USD 36.3m in Q3 2018 net income

Aircastle Ltd. has reported USD 36.3 million in third quarter 2018 net income and USD 38.2 million in adjusted net income, the company said.

In the third quarter of 2017, the Company reported net income of YSD57.4 million, or USD 0.73 per diluted common share, and adjusted net income of USD 64.4 million, or USD 0.82 per diluted common share.

Total revenues for the third quarter 2018 were USD 190.8 million.

The company declared its 50th consecutive quarterly dividend and increased the dividend to USD 0.30 from USD 0.28, or 7.1%. This is the ninth dividend increase in eight years.

Aircastle reported it repurchased USD 53.7 million of its shares year-to-date at average price of USD 20.22 per share. Repurchase authorization increased by USD 58 million, to USD 100 million.

Aircastle Limited acquires, leases and sells commercial jet aircraft to airlines throughout the world. As of September 30, 2018, Aircastle owned and managed on behalf of its joint ventures 246 aircraft leased to 85 customers located in 46 countries.