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Jun 30, 2022
FTAI Aviation Q2 2022 Earnings Report
Reported financial results for the second quarter 2022 and declared a dividend of $0.33 per common share.
Key Takeaways
FTAI reported a net income attributable to shareholders of $11.449 million, basic income per common share of $0.12, diluted income per common share of $0.11, and Adjusted EBITDA of $165.327 million for Q2 2022. A cash dividend of $0.33 per common share was declared.
FTAI's spin-off of its infrastructure business FTAI Infrastructure Inc. is expected to be completed on August 1, 2022.
Adjusted EBITDA for Q2 for FTAI was $165.3 million, up 220% compared to Q1 2022, and up 143% compared to Q2 2021.
Aviation adjusted EBITDA was $158.3 million, with aerospace services generating $17.0 million.
Infrastructure adjusted EBITDA was $26.7 million, up 34.8% compared to Q1.
Forward Guidance
No specific forward guidance was provided in the press release.
Historical Earnings Impact
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