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AerCap releases Q3 results
29 November 2011
The listed lessor�s net income decreased by about $65 million year-on-year.
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AerCap
Q3 Results
American Airlines
AerCap reported a net income of $96.3 million for the nine months ending on September 30 2011. Last year, the Dutch lessor reported net income of $161.3 million for the same period, representing about a $65 million decrease year-on-year.
Revenues were also down to $909.2 million, compared to last year�s $1.3 billion for the same period.
However, lease revenues increased to $787.3 million from $648 million in 2010 reported for the nine months ending on September 30.
At the end of September, AerCap had a cash balance of $485 million, including $210 million of restricted cash and an operating cash flow...
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