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.

Total Revenue

$178M

Previous year: $96.9M

+83.6%

EPS

$0.11

Previous year: -$0.39

-128.2%