Dublin-based AerCap Holdings, the global leader in aviation leasing, reported a net income of $340 million, an increase of 36 percent, for the second quarter ended June 30, 2022.
AerCap executed 184 transactions in Q22022 including 125 lease agreements, 16 purchases and 43 sales, according to a statement announcing the results.
Total revenue increased 36 percent to $1.7 billion for Q22022 and 49 percent to $3.5 billion for H12022 on higher basic lease rents (68 percent for Q2 and 71 percent for H1).
“AerCap generated strong results in the second quarter with a significant increase in activity across all of our businesses,” says Aengus Kelly, Chief Executive Officer, AerCap. “The ongoing recovery in air travel continued to strengthen across all major regions, and was manifested in high levels of cash collections and greater utilisation of our fleet during the quarter. The strength in passenger demand, coupled with supply constraints across the industry, is resulting in a favourable leasing environment.”
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