AerCap Q2 net profit down 10% on aircraft sales
AerCap posted a Q2 net profit of US$254.2m, down 10% year-over-year. The decline stemmed in part from lower net gains on aircraft sales. AerCap sold 30 aircraft last quarter, with an average age of 13 years, while taking delivery of 20 new aircraft. Demand overall remains strong, CE Aengus Kelly said, pointing to IATA’s full-year outlook of 7% traffic growth as a sign of the market’s condition. “At a macro level, we continue to see a broadly healthy environment for our airline customers, notwithstanding the rise in oil prices,” Kelly said. “While the rising fuel prices over the past year has clearly had some impact on airlines profitability, it has not risen to a level where we believe it will cause major problems for the airlines, as it reflects a global economy that continues to do well.” <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-07-31/general/aercap-q2-net-profit-down-10-on-aircraft-sales
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AerCap Q2 net profit down 10% on aircraft sales
AerCap posted a Q2 net profit of US$254.2m, down 10% year-over-year. The decline stemmed in part from lower net gains on aircraft sales. AerCap sold 30 aircraft last quarter, with an average age of 13 years, while taking delivery of 20 new aircraft. Demand overall remains strong, CE Aengus Kelly said, pointing to IATA’s full-year outlook of 7% traffic growth as a sign of the market’s condition. “At a macro level, we continue to see a broadly healthy environment for our airline customers, notwithstanding the rise in oil prices,” Kelly said. “While the rising fuel prices over the past year has clearly had some impact on airlines profitability, it has not risen to a level where we believe it will cause major problems for the airlines, as it reflects a global economy that continues to do well.” <br/>
