March 2, 2021
AerCap Holdings N.V. Reports Financial Results for the Fourth Quarter 2020
DUBLIN – AerCap Holdings N.V. (“AerCap” or the “Company”) (NYSE: AER), the global leader in aircraft leasing, today reported financial results for the fourth quarter of 2020.
- Net income for the fourth quarter of 2020 was $28 million, or $0.22 per share. This was impacted by cash accounting and debt extinguishment costs of $117 million and $76 million, pre-tax, respectively.
- Cash flow from operating activities was $653 million, an increase of 21% from the third quarter of 2020.
Aengus Kelly, Chief Executive Officer of AerCap, said: “I am pleased to report further positive progress for the company in the fourth quarter. Our operating cash flows increased significantly, we ran a number of successful aircraft placement campaigns and we see a renewed enthusiasm from our customers. As the pace of vaccinations accelerates around the world, allowing governments to ease restrictions, we believe the strength of consumer demand will become more evident, driving further confidence in the sector.”
The PDF file containing the full financial results for the fourth quarter of 2020 is available for download at www.aercap.com/media.