Aircastle (AYR) Tops Q3 EPS by 16c
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Aircastle Announces Third Quarter 2015 Results
November 3, 2015 7:30 AM ESTSTAMFORD, Conn., Nov. 3, 2015 /PRNewswire/ --Â
Key Third Quarter Developments
Lease rental and finance lease revenue was $189.9 million, up 5.3% Net loss was $(14.0) million, or $(0.17) per diluted share Excluding the $66.0 million earnings impact from Malaysian Airline System bankruptcy and older freighter exits, net income was $52.0 million, or $0.64 per share Accelerated planned exit from freighters by agreeing or completing sale of four aircraft and declaring six remaining older units to be on last leases after which we expect to scrap them Cash ROE was 14.5%, net cash interest margin was 9.2% and fleet... More