AerCap and Air Europa Agree to a Total of 15 Aircraft Leases

AerCap NYSE:AER

AerCap (NYSE:AER)

5 Boeing 787-9 aircraft and ten Boeing 737-8 MAX aircraft will be long-term leased by AerCap (NYSE:AER) from Air Europa Lneas Aéreas S.A.U. Air Europa’s managing director, Richard Clark, said: “We have a long and fruitful relationship with AerCap, therefore we are extremely happy to have come to this agreement. It supports our plan to organize the fleet around the most cutting-edge, effective, and environmentally friendly vehicles available. We are innovators once more. We are now doing the same thing by introducing the new Boeing 737 MAX to our fleet, just as we were the first Spanish firm to do so with the Boeing 787 Dreamliner.”

Results for AerCap’s Second Quarter

Using a solid upswing in air travel “across all key markets,” the Dublin-based company announced a 36% gain in second-quarter revenue to $1.67 billion on Thursday, barely above the $1.65 billion predicted by seven analysts surveyed by Refinitiv. It reported a $340 million quarterly net profit, up from $250 million.

AerCap (NYSE:AER), the biggest aircraft lessor in the world, has 3,599 aircraft, engines, and helicopters in its fleet.

With thorough fleet solutions, the organization provides service to about 300 customers worldwide. The New York Stock Exchange lists AerCap (NYSE:AER). 

How will AerCap stock do in the future?

Investors are curious about the stock’s future even if AerCap (NYSE:AER) has lagged behind the market so far this year. This subject doesn’t have simple answers, but one trustworthy metric that can assist investors in answering it is the company’s profit outlook. This includes both the most recent changes to consensus earnings forecasts as well as the current consensus earnings predictions for the upcoming quarter(s).

According to empirical studies, patterns in earnings estimate revisions and short-term stock movements are strongly correlated. Investors can keep track of these adjustments on their own or use a reliable grading tool like the Zacks Rank, which has a proven track record of leveraging the power of earnings estimate revisions.

Featured Image:  Megapixl @Timonschneider

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