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In the company’s most recent quarter end, its earnings beat expectations and rose 24.5% year over year. This was due to a rapid recovery in air travel in many of the world’s major markets. This led to increased demand for AER’s aircraft and an increase in its cash flows. Management is highly optimistic that the global leasing environment will continue to rebound in the months ahead.
At the end of June, the company had $11.4 billion in cash compared to no short-term debt. AER also has a gross margin of 55%, which is much higher than the industry average of 18.6%. Analysts forecast earnings to rise 182.1% for the year.
