Quarterly ResultJul 9, 2026, 01:06 PM
Aircastle Q1 Net Income $33.6M, Revenue $235.5M; Redeems Pref Shares
AI Summary
Aircastle reported a net income of $33.6 million for the three months ended May 31, 2026, a decrease from $49.3 million in the prior year. Total revenues for the quarter were $235.5 million, down from $259.8 million, though lease rental revenue saw an increase. The company also redeemed all 400 outstanding Series A Preference Shares for $405.4 million in June 2026. Additionally, Aircastle secured a new $375.0 million unsecured term loan and issued $650.0 million in 5.000% Senior Notes due 2031, while repaying $650.0 million of Senior Notes due 2026.
Key Highlights
- Net income decreased to $33.6 million for Q1 2026 from $49.3 million in Q1 2025.
- Total revenues declined to $235.5 million for Q1 2026 from $259.8 million in Q1 2025.
- Lease rental revenue increased to $194.6 million for Q1 2026 from $183.0 million in Q1 2025.
- Redeemed all 400 Series A Preference Shares for $405.4 million on June 17, 2026.
- Secured a new $375.0 million unsecured term loan maturing May 2031.
- Issued $650.0 million of 5.000% Senior Notes due 2031.
- Repaid $650.0 million of Senior Notes due 2026 on May 13, 2026.
- Cash and cash equivalents increased to $440.9 million as of May 31, 2026.
Price Impact
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