1. AerCap reported a strong Q4 with $2.072 billion in revenue. 2. New share repurchase program of $1 billion announced. 3. Quarterly dividend increased to $0.27 per share. 4. Net gain on asset sales reached $260 million in Q4. 5. Operating cash flow showed record performance for 2024.
Strong financial results and a new share repurchase indicate robust business health. Historical data shows similar announcements positively impacted stock prices, thereby attracting investors.
The significant financial results and strategic initiatives will likely enhance investor interest, impacting AER's stock value positively.
The dividend increase and share buyback program signal sustainable growth, fostering investor confidence over time.
the industry leader across all areas of aviation leasing, today reported strong financial results for the fourth quarter and full year ended December 31, 2024.
"We are pleased to announce another strong quarter for AerCap, completing a year of record operating cash flow and earnings per share. These results reflect a continued positive operating environment across our businesses and high demand for leased aircraft, engines and helicopters. We also see this reflected in our asset sales, where we sold $869 million of assets in the fourth quarter at a record gain on sale of $260 million. Given AerCap's strong outlook for 2025 and beyond, we are announcing a new $1 billion share repurchase program as well as an increase in our quarterly dividend to $0.27 per share," said Aengus Kelly, Chief Executive Officer of AerCap.
| Category | Three months ended December 31, 2024 | Three months ended December 31, 2023 | % Increase/Decrease |
|---|---|---|---|
| Basic lease rents | $1,619 million | $1,576 million | 3% |
| Maintenance rents and other receipts | $106 million | $142 million | (25%) |
| Total lease revenue | $1,725 million | $1,718 million | — |
| Net gain on sale of assets | $260 million | $94 million | 176% |
| Total Revenues and other income | $2,072 million | $1,899 million | 9% |
AerCap's effective tax rate for the full year 2024 was 14.3%, compared with an effective tax rate of 8.9% for the full year 2023.
Total AerCap Holdings N.V. shareholders' equity: $17,185 million.
AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is based in Dublin.