The following is a summary of the AerCap Holdings NV (AER) Q1 2024 Earnings Call Transcript:

Financial Performance:

• AerCap's adjusted earnings per share for Q1 2024 is $3.29, a 40% increase from the previous year,

• There is an adjusted net income of $658 million.

• Book value per share rose by 27% year-on-year to $87.47.

• The guidance for full-year 2024 earnings per share was revised to approximately $9.20.

• The company also purchased 4.3 million shares at an average price of $77.89, totaling $336 million.

• Gains on sale in Q1 stood at $160 million, reflecting in robust earnings and cash flows.

Business Progress:

• AerCap carried out 152 transactions in the quarter, indicative of active operations.

• Demand for air travel has seen a rise, particularly in China with airlines transporting nearly 180 million people in Q1 2024.

• AerCap secured lease agreements for various aircraft models and reported full leasing for some.

• The engine business displayed healthy activity, with notable demand for Sikorsky 92s helicopters in Q1.

• Despite a global shortage of aircraft influencing supply and demand, the company anticipates factors that will drive higher aircraft values, details promised for discussion at the upcoming 2024 Capital Markets Day.

More details: AerCap Holdings IR

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