Financial Performance - Total revenues and other income for the three months ended March 31, 2025, were $2,077,032,000, an increase of $58,944,000 compared to $2,018,088,000 for the same period in 2024[156] - Net income attributable to AerCap Holdings N.V. for the three months ended March 31, 2025, was $642,860,000, an increase of $38,646,000 compared to $604,214,000 for the same period in 2024[156] - Total revenues for the three months ended March 31, 2025, were $891 million, with net income attributable to AerCap Holdings N.V. at $427 million[194] Asset Management - The company executed 203 aviation asset transactions during the three months ended March 31, 2025[149] - The owned aircraft utilization rate was 99% for the three months ended March 31, 2025, with 1,510 of the 1,526 owned aircraft on lease[153] - The company owned 1,526 aircraft and managed 177 aircraft as of March 31, 2025, with commitments to purchase 283 new aircraft scheduled for delivery through 2030[153] Debt and Financing - The average cost of debt increased to 4.1% for the three months ended March 31, 2025, compared to 3.9% for the same period in 2024[162] - The average cost of debt for the company was 4.1% as of March 31, 2025, with an adjusted debt to equity ratio of 2.4 to 1[173] - Interest expense for the three months ended March 31, 2025, was $503 million, a 2% increase from $492 million in 2024[186] - Average debt balance decreased by 1% to $46,160 million in Q1 2025 from $46,536 million in Q1 2024[186] - The company co-issued $750 million in junior subordinated notes due 2055 and $500 million due 2056 in 2024 and 2025, respectively[187] Cash Flow and Liquidity - For the three months ended March 31, 2025, net cash provided by operating activities was $1.335 billion, a decrease from $1.376 billion in the same period of 2024[167] - Net cash used in investing activities increased to $2.005 billion in Q1 2025 from $842 million in Q1 2024, primarily due to higher cash used for the purchase of flight equipment[168] - Net cash provided by financing activities was $535 million in Q1 2025, compared to a net cash used of $873 million in Q1 2024, reflecting new financing proceeds[169] - As of March 31, 2025, total available liquidity was $15 billion, which includes $10.9 billion of undrawn lines of credit and $1.3 billion in cash[171] Expenses and Obligations - Total expenses decreased by $13,151,000, resulting in a total of $1,359,681,000 for the three months ended March 31, 2025[156] - Total contractual obligations as of March 31, 2025, amounted to $74.012 billion, including principal and interest payments on debt and purchase obligations[175] Tax and Other Financial Metrics - The effective tax rate for the three months ended March 31, 2025, was 15.5%, compared to 14.3% for the same period in 2024[164] - Book value per ordinary share outstanding, excluding shares of unvested restricted stock, was $97.37 as of March 31, 2025, up from $94.57 at the end of 2024[181] Currency and Risk Management - Foreign currency transaction gains and losses are not significant, as the company primarily operates in U.S. dollars[202] - Interest rate risk management includes the use of interest rate swaps and caps to mitigate exposure from variable interest rates[195]

Financial Data and Key Metrics Changes - AerCap reported GAAP net income of $643 million and earnings per share (EPS) of $3.48 for Q1 2025, with adjusted net income of $679 million and adjusted EPS of $3.68, leading to an increase in full-year EPS guidance [5][12][16] - The company experienced a net maintenance contribution of $82 million, significantly higher than the typical range of $30 million to $40 million, primarily due to lower leasing expenses [12][13] - The net gain on sale of assets was $177 million, with total sales revenue of $683 million from 35 owned assets, resulting in a 35% unlevered gain on sale margin [13][14] - Total sources of liquidity were approximately $20 billion, including over $1 billion in cash and $11 billion in revolvers and other committed facilities [14][15] Business Line Data and Key Metrics Changes - The passenger aircraft segment saw strong demand, particularly for 787s, with successful transitions of three midlife 787s between customers in Europe [6][11] - A sale leaseback transaction worth $7.87 million was executed with a new customer, indicating strong interest in AerCap's offerings [7] - The company ordered 268 new LEAP engines in 2024, with over 120 already delivered, highlighting the operational capacity expansion in line with the growing fleet [8][10] Market Data and Key Metrics Changes - AerCap's airline customers maintained a 99% utilization rate and an 84% extension rate during the period, reflecting strong market demand despite uncertainties [5][16] - The company noted that the U.S. market represents only about 22% of the global market, emphasizing the importance of international markets in overall demand [51][64] Company Strategy and Development Direction - AerCap announced a new $500 million share repurchase program, reflecting confidence in its financial position and commitment to returning value to shareholders [5][16] - The company continues to focus on long-term fleet management strategies, emphasizing the importance of maintaining a modern fleet and avoiding short-term decision-making [56][65] - AerCap is exploring opportunities in the helicopter business, with recent agreements for leasebacks of new helicopters, indicating a diversification strategy [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about robust demand for the foreseeable future, despite some macroeconomic uncertainties [11][17] - The company acknowledged potential delays in the 777 freighter conversion program but remains confident in achieving strong performance for the year [16][17] - Management highlighted the importance of maintaining a strong balance sheet and low leverage, positioning the company well for future growth [17] Other Important Information - AerCap was upgraded to BBB+ by Fitch, achieving this rating across all three major rating agencies [15] - The company has repurchased over $1 billion worth of stock so far this year, taking advantage of market volatility [16][18] Q&A Session Summary Question: Expectations for bilateral transactions in light of tariff uncertainty - Management expects to see more bilateral negotiations due to the company's scale and global reach, particularly in engines and helicopters [20][21] Question: Impact of buyback on EPS guidance - The increase in EPS guidance was primarily driven by gains on sale and higher net maintenance contributions, with some offset from delays in the freighter conversion program [22][24] Question: Capital deployment in engines and helicopters - Management indicated ample capital availability for deployment in engines and helicopters, emphasizing profitability over growth for its own sake [30][31] Question: Indicators of demand trends - Management noted that while U.S. airlines are adjusting capacity, long-term fleet decisions remain strong, with no current reduction in demand [51][52] Question: Composition of aircraft buyers - Recent sales were approximately a quarter to airlines, a third to other lessors, and a third to investors, with minimal sales to end-of-life part outs [67] Question: Tariff impacts on lessors - Management discussed the potential for tariffs to affect aircraft supply and pricing, emphasizing the importance of maintaining access to used aircraft markets [68][72] Question: Future demand for wide-body aircraft - Strong demand for wide-body aircraft has been observed, with management confident in the market's growth potential [98][99]

Financial Data and Key Metrics Changes - The company reported GAAP net income of $643 million and earnings per share (EPS) of $3.48 for Q1 2025, with adjusted net income of $679 million and adjusted EPS of $3.68, leading to an increase in full-year EPS guidance [5][13][18] - The net maintenance contribution was $82 million, significantly higher than the average of $30 million to $40 million due to lower leasing expenses [14] - The net gain on sale of assets was $177 million, with total sales revenue of $683 million, resulting in a 35% unlevered gain on sale margin [14] - The liquidity position was strong, with total sources of liquidity at approximately $20 billion, including over $1 billion in cash [16][17] Business Line Data and Key Metrics Changes - The company achieved a 99% utilization rate and an 84% extension rate during the period, indicating strong operational performance [5] - On the passenger side, there was strong demand for 787 aircraft, with successful transitions and increased rents [6][7] - The company executed a $7.87 million sale leaseback at attractive pricing with a new customer, highlighting the demand for its assets [8] - The company ordered 268 new LEAP engines in 2024, with over 120 already delivered, showcasing a focus on expanding operational capacity [9][10] Market Data and Key Metrics Changes - The company noted that the U.S. market represents only about 22% of the global market, emphasizing the importance of international markets [52][69] - There is a significant tailwind against falling yields in non-U.S. dollar denominated economies, insulating them from slowdowns [52] Company Strategy and Development Direction - The company announced a new $500 million share repurchase program, reflecting confidence in its financial position [5][18] - The management emphasized a long-term mindset in fleet management, contrasting short-term airline capacity adjustments with long-term fleet decisions [53] - The company is focused on profitability and risk-adjusted returns, indicating a disciplined approach to capital deployment [32][33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in robust demand for the foreseeable future, despite macroeconomic uncertainties [11][19] - The company is seeing opportunities in the helicopter business and is adapting to changes in the leasing model [10][11] - Management acknowledged potential impacts from tariffs but noted that current contracts have fixed caps on escalation [42][43] Other Important Information - The company was upgraded to BBB+ by Fitch, indicating a strong credit rating across all three rating agencies [17] - The company has taken advantage of market volatility to repurchase over $1 billion worth of stock so far this year [20] Q&A Session Summary Question: Expectations for bilateral transactions in light of tariff uncertainty - Management expects to see more bilateral negotiations due to the company's scale and global reach [22][23] Question: Impact of freight conversion delays on EPS guidance - The increase in EPS guidance was primarily driven by gains on sale and higher net maintenance contributions, despite some delays in the freighter conversion program [24][26][28] Question: Deployment of excess capital in engines and helicopters - Management indicated ample capital availability for attractive opportunities, with potential deployment in the range of billions [32][33] Question: Indicators of demand trends going forward - Management noted that while U.S. airlines are adjusting capacity, long-term fleet decisions remain strong, and no reduction in demand is currently observed [51][55] Question: Composition of aircraft buyers - Recent sales were approximately a quarter to airlines, a third to other lessors, and a third to investors, with minimal part-out sales [72] Question: Future of tariffs and their impact on lessors - Management discussed the importance of ensuring that tariffs do not restrict the used aircraft market, which could negatively impact consumers [75][78] Question: Demand for wide-body aircraft - Management reported strong and unabated demand for wide-body aircraft, with a focus on 787 and A350 models [104][105] Question: Lobbying efforts regarding tariffs - Management confirmed that there is active lobbying in the aerospace industry to protect and grow U.S. manufacturing [109][111]

Financial Performance - AerCap reported GAAP EPS of $3.48 and adjusted EPS of $3.68 for 1Q 2025[10] - Net income for 1Q 2025 was $643 million, or $3.48 per share[15] - Adjusted net income for 1Q 2025 was $679 million, or $3.68 per share[15] - The company is raising its full-year 2025 adjusted EPS guidance to a range of $9.30 - $10.30, not including any additional gains on sale[10] - 1Q 2025 saw gains on sale of $177 million, with a 35% gain-on-sale margin, representing 2.3x book value on an equity basis[10, 26] Business Activities - AerCap engaged in significant activity across all business lines, leasing, purchasing, and selling 203 assets in 1Q 2025[11] - Basic lease rents were $1,649 million, negatively impacted by $27 million of lease premium amortization[26] - The company repurchased 5.7 million shares in 1Q 2025 for a total of $558 million[19] Financial Position - AerCap has a strong liquidity position, with next 12 months' sources-to-uses coverage of 1.8x, and approximately $20 billion in sources of liquidity[16] - The adjusted leverage ratio is 2.4x[19] - Secured debt-to-total-assets ratio is approximately 12%[19] - The average cost of debt remained unchanged at 4.1% in 1Q 2025[19] Portfolio Composition - New technology aircraft comprise 75% of the aircraft fleet[30]

Core Insights - AerCap Holdings N.V. reported strong financial results for Q1 2025, driven by robust demand for aviation assets and a favorable sales market [2][4] - The company has raised its full-year EPS guidance for 2025 and announced a $500 million share repurchase program [2][8] Financial Performance - Total revenues and other income for Q1 2025 were $2,077 million, a 3% increase from $2,018 million in Q1 2024 [4][41] - Basic lease rents increased by 4% to $1,649 million in Q1 2025 from $1,586 million in Q1 2024 [4][41] - Net gain on sale of assets rose by 11% to $177 million in Q1 2025, compared to $160 million in Q1 2024 [6][41] - Net income for Q1 2025 was $643 million, or $3.48 per share, with adjusted net income at $679 million, or $3.68 per share [8][22] Shareholder Returns - The company returned $558 million to shareholders through share repurchases in Q1 2025 [8] - A quarterly cash dividend of $0.27 per share was declared, with a payment date set for June 5, 2025 [18] Capital Structure - As of March 31, 2025, the adjusted debt/equity ratio was 2.4 to 1, reflecting a stable capital structure [8][27] - The company’s book value per share increased by approximately 11% to $97.37 from $87.47 a year earlier [8][13] Operational Highlights - AerCap's portfolio included 3,508 aircraft, engines, and helicopters as of March 31, 2025, with an average age of 7.5 years [17] - The average cost of debt for Q1 2025 was 4.1%, up from 3.9% in Q1 2024 [9][30] Market Position - AerCap is recognized as a leader in aviation leasing, serving around 300 customers globally [35]

Core Insights - AerCap Holdings N.V. published its eighth annual Corporate Responsibility Report for the year ended December 31, 2024, highlighting its commitment to responsible and sustainable business growth [1][2] Environmental, Social, and Governance (ESG) Commitments - The report details AerCap's ESG initiatives, including a new target to achieve approximately 85% new technology assets by 2030, which encompasses aircraft, engines, and helicopters, marking an industry first [4][7] - AerCap has invested approximately $55 billion in new technology aircraft over the last decade, more than any other airline or lessor, contributing to lower operating costs and carbon emissions for airline customers [4][7] - The company improved its Scope 3 emissions intensity by approximately 2% across its fleet in 2024 and achieved a 17% reduction in gCO2 per Available Seat Kilometer (ASK) over the last decade, despite doubling its fleet size [7] Corporate Responsibility and Community Engagement - In 2024, AerCap donated over $900,000 to charitable and social causes, demonstrating its commitment to community engagement [7] - The company successfully mitigated 100% of its unavoidable Scope 1, 2, and 3 emissions related to business travel, achieving a goal set in 2021 [7] Industry Position and Future Outlook - AerCap serves approximately 300 customers globally and is recognized as the global leader in aviation leasing, with a strong order book [5] - The company maintains an "AA" ESG rating from MSCI and has improved its Sustainalytics rating from "Medium Risk" to "Low Risk" [7]

Company Overview - AerCap (AER) is expected to report a year-over-year decline in earnings, with a projected EPS of $2.68, reflecting an 18.5% decrease, and revenues anticipated at $1.98 billion, down 1.9% from the previous year [3][12]. Earnings Expectations - The earnings report is scheduled for April 30, 2025, and the actual results will significantly influence the stock price, depending on whether they meet or exceed expectations [2][10]. - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4]. Earnings Surprise Prediction - AerCap has a positive Earnings ESP of +13.06%, suggesting analysts have recently become more optimistic about the company's earnings prospects [10]. - The stock currently holds a Zacks Rank of 3, indicating a likelihood of beating the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, AerCap exceeded the expected EPS of $2.56 by delivering $3.31, resulting in a surprise of +29.30% [12]. - Over the past four quarters, AerCap has beaten consensus EPS estimates three times, showcasing a strong track record [13]. Industry Context - JetBlue Airways (JBLU), another player in the airline industry, is expected to report a loss of $0.61 per share, marking a 41.9% year-over-year decline, with revenues projected at $2.15 billion, down 2.7% [17]. - JetBlue's consensus EPS estimate has been revised down significantly by 520% over the last 30 days, yet it also has a positive Earnings ESP of 2.33%, indicating a potential to beat estimates [18].

Core Points - AerCap Holdings N.V. announced the appointment of Victoria Jarman as Non-Executive Director and the re-appointment of existing board members during its Annual General Meeting held on April 16, 2025 [1][3] - The re-appointments include Paul T. Dacier as Chairman of the Board and Aengus Kelly as Chief Executive Officer, along with Non-Executive Directors James Lawrence, Jennifer VanBelle, and Michael Walsh, all for a term of four years [1][3] - Michael Gradon has retired from the Board after 15 years of service, contributing significantly to AerCap's growth [2][3] Company Overview - AerCap is recognized as the global leader in aviation leasing, serving approximately 300 customers worldwide with a comprehensive fleet solution [4] - The company is listed on the New York Stock Exchange under the ticker AER and is headquartered in Dublin, with additional offices in various global locations [4]

Company Overview - AerCap (AER) shares increased by 7.1% to $95.32 in the last trading session, following a significant volume of shares traded, contrasting with an 8.7% loss over the previous four weeks [1] - The stock's rise was influenced by President Donald Trump's announcement to pause "reciprocal" import taxes for 90 days [1] Earnings Expectations - AerCap is projected to report quarterly earnings of $2.70 per share, reflecting a year-over-year decline of 17.9% [2] - Expected revenues for AerCap are $1.98 billion, which is a decrease of 1.9% compared to the same quarter last year [2] Stock Performance and Trends - The consensus EPS estimate for AerCap has remained stable over the last 30 days, indicating that stock price movements may not sustain without changes in earnings estimate revisions [3] - AerCap holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [3] Industry Comparison - AerCap is part of the Zacks Transportation - Airline industry, where JetBlue Airways (JBLU) also operates [3] - JetBlue's stock closed 19.2% higher at $4.29, but has seen a decline of 37.3% over the past month [3] - JetBlue's consensus EPS estimate has dropped by 192.9% over the past month to -$0.61, representing a 41.9% decrease from the previous year [4]

DUBLIN, April 4, 2025 /PRNewswire/ -- AerCap Holdings N.V. ("AerCap" or the "Company") (NYSE: AER) today announced it will host a conference call and webcast for investors and analysts on Wednesday, April 30, 2025 at 8:30 a.m. Eastern Time to review its first quarter 2025 financial results. AerCap's first quarter 2025 earnings press release will be released before financial markets open in the United States on April 30, 2025. A copy of the press release will be posted on the "Investors" section of AerCap's ...