AerCap reports Q3 adjusted EPS $2.41, consensus $2.41

Reports Q3 revenue $1.95B, consensus $1.92B. Reports book value per share of $90.66 as of September 30, an increase of approximately 16% from September 30, 2023. “This was another strong quarter for AerCap (AER). Demand for aircraft remains high, as evidenced by our 99% utilization rate, 92% extension rate for used aircraft and 27% gain-on-sale margin for the quarter. Reflecting our confidence in AerCap’s future, we are raising our full year guidance for 2024. We recently announced another $500M share repurchase program, taking total authorizations for this year to $1.5B. These actions are underpinned by our industry leading operating cash flow, which was a record $5.6 billion for the last twelve months,” said Aengus Kelly, Chief Executive Officer of AerCap.