AerCap: A Quality Compounder Trading Below Fair Value

guvendemir At the end of 2022, I wrote an article about why investors should avoid the airlines (JETS) and own AerCap (NYSE:AER) instead for exposure to the airline industry. The relative returns in 2023 validated my view: Data by YCharts The longer-term view also validates this view: Data by YCharts As you can see above, whilst the airlines haven't quite recovered from the COVID-19 drawdown as yet, AerCap delivered strong returns in the same period. It is largely a feature of the business model. Airlin ...