AerCap Q2 net income falls 42% to USD 725.72 million year over year - AER News | RalliesAerCap Q2 net income falls 42% to USD 725.72 million year over year
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AER• Second-quarter results
- AerCap posted Q2 net income of USD 725.72 million, down 42.38% from a year earlier; diluted EPS fell 35.26% to USD 4.59.
- Total revenues and other income rose 14.86% to USD 2.17 billion, while interest expense dropped 9.71% to USD 468.47 million.
- Net gain on sale of assets more than doubled to USD 223.2 million; net recoveries tied to the Ukraine conflict narrowed to USD 28.38 million.
- Cash and cash equivalents increased to USD 1.69 billion at June 30, while debt edged down to USD 42.77 billion.
- Share buybacks totaled 10,252,300 shares in the first half at an average USD 140.1; quarterly dividend held at USD 0.4 per share.
