A Focus on New-Technology Aircraft Is Paying Off for AerCap
AerCap (NYSE: AER) reported record earnings per share in its second-quarter 2019 score card released on Tuesday before the markets opened for trading. The world's largest owner-lessor of aircraft coupled higher lease revenue with expenditure reductions in key line items to produce an appreciable jump in net earnings. Shareholders rewarded the leasing giant with an 8% bump in shares in the Tuesday trading session.
As we dive into the quarter's details below, note that all comparative numbers are presented against those of the prior-year quarter.
Data source: AerCap.
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