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Mar 31, 2022
FTAI Aviation Q1 2022 Earnings Report
Reported financial results for the first quarter of 2022.
Key Takeaways
In Q1 2022, FTAI reported a net loss attributable to shareholders of $(228.98) million, a basic and diluted loss per share of $(2.30), and adjusted EBITDA of $51.56 million.
FTAI's Board approved the spin-off of FTAI Infrastructure.
FTAI Infrastructure expects to file its Form 10 publicly with the SEC on or before April 29, 2022, targeting completion of the spin-off in the next 4 to 8 weeks.
FTAI Aviation has completed or contracted for sale over 200 module sales or swaps with over 20 new customers since June 2021.
Jefferson recorded its highest throughput at 107,642 barrels per day, up from 81,416 barrels per day in Q4 of 2021.
Forward Guidance
The company expects to recapture amounts written off for impairments, bad debt and lost revenue for the Russia/Ukraine war in full from insurance proceeds, gains from asset sales, and receivable repayments and targets completion of the spin-off of FTAI Infrastructure in the next 4 to 8 weeks.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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