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AerCap boosts earnings outlook after strong demand

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Aircraft lessor Aercap boosts its earnings outlook via IrishTimesBiz

AerCap chief executive Aengus Kelly said the company enjoyed another strong quarter in the three months ended September 30th. Photograph: Dara Mac DónaillIrish aircraft leasing giant AerCap has boosted its earnings estimates following another three months of strong demand.

Dublin-based AerCap, the largest global player in its industry, said on Thursday it was raising its full-year adjusted earnings per share estimate to $8-$8.50 from a previous prediction of $6.50-$7. Chief executive Aengus Kelly said the company generated strong net income and cash in the three months ended September 30th.

He said the company was pleased to report another strong quarter. “We continued to see robust demand for air travel and growing demand for both new and used leased aircraft and engines,” Mr Kelly added.

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