Is It Safe to Buy AerCap Stock?

Last week, AerCap (NYSE: AER) posted a lower-than-expected adjusted profit for the third quarter. The leading aircraft leasing company also recorded a hefty impairment charge to write down the value of certain older aircraft that are falling out of favor with airlines.

Nevertheless, investors have flocked back to AerCap stock this month, particularly following positive COVID-19 vaccine-development updates from Pfizer and Moderna. At the end of last month, AerCap shares were down 60% year to date, but they have surged more than 60% in November, recently rising above the $40 mark.

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Source Fool.com