AerCap Q4 2024 Earnings Report

AerCap reported strong financial results for Q4 2024, driven by high demand for leased assets and asset sales.

Key Takeaways

AerCap reported net income of $671 million and adjusted net income of $624 million for Q4 2024, with total revenues and other income increasing by 9% to $2.07 billion.

Net income of $671 million, or $3.56 per share, for Q4 2024.

Adjusted net income of $624 million, or $3.31 per share, for Q4 2024.

Total revenues and other income increased by 9% to $2.07 billion.

Announced new $1 billion share repurchase program and increased quarterly dividend to $0.27 per share.

Total Revenue

$2.07B

Previous year: $1.9B

+9.1%

EPS

$3.31

Previous year: $3.11

+6.4%

Return on Equity

16%

Adjusted Return on Equity

15%

Book Value Per Share

$94.6

Previous year: $83.8

+12.8%

Cash and Equivalents

$1.21B

Previous year: $1.83B

-33.8%

Total Assets

$71.4B

Previous year: $71.3B

+0.2%

AerCap Revenue

AerCap EPS

AerCap Revenue by Segment

Forward Guidance

AerCap anticipates continued strong performance driven by demand for leased assets and ongoing asset sales.

Positive Outlook

High demand for leased aircraft, engines, and helicopters.
Strong asset sales performance with record gains.
Positive operating environment across all business areas.
Increased quarterly dividend to $0.27 per share.
New $1 billion share repurchase program announced.

Challenges Ahead

Impact of Ukraine conflict on operations.
Higher maintenance rights amortization expenses.
Continued challenges related to interest rate increases.
Pressure from increased leasing expenses.
Potential volatility in future asset sales.