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Why Shares of AerCap Climbed in May

TheMotleyFool

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Shares of AerCap Holdings (NYSE: AER) gained 14.7% in May, according to data provided by S&P Global Market Intelligence, as investors are slowly gaining confidence that the aircraft leasing company will survive the COVID-19 travel slowdown.

AerCap is one of a handful of companies that buy planes directly from manufacturers and lease them to airlines. The model has become increasingly popular in recent years as carriers try to take debt off their balance sheets.

But with the pandemic reducing travel demand by 95% or more, those airlines suddenly need a lot fewer aircraft. Investors reacted in the early days of the pandemic by sending shares of AerCap and other lessors tumbling.

Source Fool.com

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