Moshe Orenbuch

Catherine O'Brien

Hillary Cacanando

Terry Ma

Jamie Baker

Ron Epstein

Stephen Trent

Chris Stathoulopoulos

James Baker

Kristine Liwag

Ronald Epstein

Christine Chi

Christopher Stathoulopoulos

James Kirby

- AerCap Holdings N.V. reported **net income attributable to shareholders of $1,215,747 thousand** and **basic earnings per share of $7.09** for the three months ended September 30, 2025.  **[1378789_0001628280-25-047012_aer-09302025x6k.htm:4]**  For the nine months ended September 30, 2025, net income was **$3,117,816 thousand** and basic EPS was **$17.82**.  **[1378789_0001628280-25-047012_aer-09302025x6k.htm:4]** 
- As of September 30, 2025, the company's **total assets were $71,938,295 thousand**, with **total equity at $18,149,444 thousand** and total debt at **$44,028,771 thousand**.  **[1378789_0001628280-25-047012_aer-09302025x6k.htm:3]** 
- The company maintained a strong liquidity position as of September 30, 2025, with **$1.8 billion in unrestricted cash** and **$11.2 billion in undrawn lines of credit**, resulting in **$16 billion in total available liquidity**.  **[1378789_0001628280-25-047012_aer-09302025x6k.htm:42]** 
- During the nine months ended September 30, 2025, AerCap repurchased shares totaling **$1,983,367 thousand** and cancelled **18,500,000 ordinary shares**.  **[1378789_0001628280-25-047012_aer-09302025x6k.htm:9]** 
- AerCap actively managed its debt profile, including co-issuing **$1.5 billion in Senior Notes in January 2025** and **$500 million in junior subordinated notes in April 2025**, while also prepaying an **$850 million unsecured term loan** and redeeming **$500 million in junior subordinated notes** in June 2025.  **[1378789_0001628280-25-047012_aer-09302025x6k.htm:18]**

AerCap Holdings N.V. Reports Strong Q3 2025 Financial Results and Active Capital Management

- AerCap reported **GAAP net income of $1.2 billion** and **EPS of $6.98**, alongside **adjusted net income of $865 million** and a **record adjusted EPS of $4.97** for Q3 2025.  **[0001378789_2211753_1]** **[0001378789_2211753_3]** 
- The company **increased its full-year 2025 adjusted EPS guidance to $13.70** and achieved **record sales volumes of $1.5 billion** with **gains on sale of $332 million**.  **[0001378789_2211753_1]** **[0001378789_2211753_2]** **[0001378789_2211753_3]** **[0001378789_2211753_4]** 
- AerCap repurchased **$1 billion of stock** in Q3 2025, totaling **over $2 billion year-to-date**, and reported **$475 million in net recoveries** from the Ukraine conflict, contributing to a **leverage ratio of 2.1 to 1**.  **[0001378789_2211753_2]** **[0001378789_2211753_3]** **[0001378789_2211753_4]** **[0001378789_2211753_9]** 
- The company acquired **52 Airbus A320neo family orders** and **45 options** from Spirit Airlines, with associated engine shop visit costs expected in Q4 2025, which are included in the updated guidance.  **[0001378789_2211753_1]** **[0001378789_2211753_7]** **[0001378789_2211753_8]**

AerCap Reports Strong Q3 2025 Results and Raises Full-Year Guidance

- AerCap reported **Q3 2025 GAAP net income of $1.2 billion** and **adjusted net income of $865 million**, resulting in **adjusted EPS of $4.97**.  **[0001378789_2211277_1]** **[0001378789_2211277_3]** 
- The company increased its **full-year 2025 adjusted EPS guidance to $13.70**.  **[0001378789_2211277_1]** **[0001378789_2211277_4]** 
- AerCap executed **$1 billion in share repurchases** during Q3 2025, a record for open market purchases, bringing total buybacks for the year to over **$2 billion**.  **[0001378789_2211277_2]** **[0001378789_2211277_3]** **[0001378789_2211277_4]** 
- The quarter saw **$1.5 billion in asset sales**, generating a **record gain on sale of $332 million**.  **[0001378789_2211277_2]** **[0001378789_2211277_3]** 
- Net recoveries from the Ukraine conflict in Q3 2025 were **$475 million**, contributing to approximately **$2.9 billion in total recoveries since 2023**.  **[0001378789_2211277_3]**

- AerCap reported record **Q3 2025 GAAP EPS of $6.98** and **Adjusted EPS of $4.97**, with **net income of $1,216 million** and **adjusted net income of $865 million**.  **[0001378789_2210693:5]** **[0001378789_2210693:7]** 
- The company raised its **full-year 2025 Adjusted EPS guidance to ~$13.70**, not including any additional Q4 2025 gains on sale.  **[0001378789_2210693:5]** **[0001378789_2210693:6]** **[0001378789_2210693:7]** 
- AerCap returned **$1 billion to shareholders** in Q3 2025 through the repurchase of **8.2 million shares**, and an additional **$750 million** was authorized for share repurchases.  **[0001378789_2210693:5]** **[0001378789_2210693:6]** 
- Significant Q3 2025 activity included **$1.5 billion in sales** with a **28% gain-on-sale margin**, **$475 million in recoveries** related to the Ukraine Conflict, and an agreement with Airbus for an order of **52 A320neo Family aircraft**.  **[0001378789_2210693:5]** **[0001378789_2210693:7]** 
- As of September 30, 2025, AerCap had **~$22 billion in sources of liquidity** with a **2.1x sources-to-uses coverage** for the next 12 months, and a **Book Value Per Share of $109.22**.  **[0001378789_2210693:6]** **[0001378789_2210693:8]**

AerCap Announces Record Q3 2025 Results and Raises Full-Year Guidance

- AerCap reported **Q3 2025 GAAP net income of $1.2 billion** and **adjusted EPS of $4.97**, significantly boosted by **$475 million** in net recoveries related to the Ukraine conflict and **$332 million** in gains on asset sales.  **[0001378789_2211816_1]** **[0001378789_2211816_3]** 
- The company raised its **full-year 2025 adjusted EPS guidance to $13.70**  **[0001378789_2211816_1]** **[0001378789_2211816_4]**  and anticipates full-year sales to surpass **$3 billion**.  **[0001378789_2211816_3]** 
- AerCap executed a record **$981 million** in share repurchases during Q3 2025, contributing to **over $2 billion** in buybacks year-to-date.  **[0001378789_2211816_3]** **[0001378789_2211816_4]** 
- Strategic moves included the acquisition of Spirit Airlines' **52 Airbus A320neo family order book** and **45 options**, alongside maintaining high fleet utilization rates of **over 99%**.  **[0001378789_2211816_1]** **[0001378789_2211816_8]**

AerCap Reports Strong Q3 2025 Results and Raises Full-Year EPS Guidance

- AerCap Holdings reported **net income of $1,216 million** ($6.98 per share) and **record adjusted net income of $865 million** ($4.97 per share) for the third quarter of 2025.  **[1378789_20251029LA09231:0]** 
- The company raised its **full-year 2025 adjusted earnings per share guidance to approximately $13.70**.  **[1378789_20251029LA09231:0]** 
- **$1 billion** was returned to shareholders through share repurchases during Q3 2025, bringing the year-to-date total to **$2 billion**, and a new **$750 million** share repurchase program was announced.  **[1378789_20251029LA09231:0]** 
- Recoveries related to the Ukraine Conflict amounted to **$475 million** in Q3 2025, contributing to **$2.9 billion** in total recoveries since 2023.  **[1378789_20251029LA09231:0]** **[1378789_20251029LA09231:2]** 
- Book value per share increased by approximately **20%** from September 30, 2024, reaching **$109.22** as of September 30, 2025.  **[1378789_20251029LA09231:0]**

AerCap Holdings Reports Q3 2025 Financial Results and Raises EPS Guidance

- **Spirit Airlines** has secured court approval for a **$475 million** debtor-in-possession (DIP) financing facility, with **$200 million** immediately available to support operations as part of its Chapter 11 restructuring efforts.  **[1378789_a72d38f049f04de69a0b7364fa8cc4fa]** 
- The airline also gained approval for a strategic agreement with **AerCap Ireland Limited**, its largest aircraft lessor, which includes a **$150 million payment to Spirit**, rejection of **27 aircraft leases**, and is expected to reduce operating costs by **hundreds of millions of dollars**.  **[1378789_a72d38f049f04de69a0b7364fa8cc4fa]** 
- Spirit plans to significantly reduce its fleet by dropping **87 planes** from its pre-Chapter 11 fleet of **214 Airbuses** and is seeking **$100 million** in cost cuts from its pilots' union.  **[1378789_a72d38f049f04de69a0b7364fa8cc4fa]** 
- This Chapter 11 filing in **August 2025** marks Spirit's **second bankruptcy filing within a year**, highlighting ongoing financial challenges.  **[1378789_a72d38f049f04de69a0b7364fa8cc4fa]**

Spirit Airlines Secures DIP Financing and AerCap Lease Restructuring

- Spirit Airlines, which has filed for Chapter 11 bankruptcy twice, has reached an agreement with **AerCap Holdings N.V.** to reject leases on **27 aircraft**.  **[1378789_d92e6a8103f444bd86c7f42551ece3a8_0]** 
- Importantly, **none of these 27 AerCap aircraft are included in asset-backed security (ABS) transactions rated by KBRA**.  **[1378789_d92e6a8103f444bd86c7f42551ece3a8_0]** 
- Spirit also plans to return an additional **87 aircraft**, two of which are included in two KBRA-rated ABS transactions, but these are separate from AerCap's rejected leases.  **[1378789_d92e6a8103f444bd86c7f42551ece3a8_0]**

AerCap Holdings Reaches Agreement with Spirit Airlines on Lease Rejections

- AerCap signed **66 lease agreements**, completed **35 purchases**, and **45 sale transactions** for various aircraft, engines, and helicopters during the third quarter of 2025.  **[1378789_20251003LA89455:0]** 
- The company received **€203 million** in cash insurance settlement proceeds and was awarded approximately **$234 million** of interest on a judgment related to assets lost in Russia in 2022.  **[1378789_20251003LA89455:0]** 
- AerCap repurchased approximately **8.2 million shares** for a total of approximately **$981 million** at an average price of **$119.95 per share**, and declared a quarterly cash dividend of **$0.27 per share**.  **[1378789_20251003LA89455:0]**

AerCap Announces Q3 2025 Business Transactions

- AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust, wholly-owned subsidiaries of AerCap Holdings N.V., issued a total of **$1.2 billion** in senior notes on **October 1, 2025**.  **[1378789_0000950157-25-000825_form6-k.htm:0]** 
- The issuance comprises **$600 million** aggregate principal amount of **4.375% Senior Notes due 2030** and **$600 million** aggregate principal amount of **5.000% Senior Notes due 2035**.  **[1378789_0000950157-25-000825_form6-k.htm:0]** **[1378789_0000950157-25-000825_ex1-1.htm:35]** 
- The notes are rated **Baa1 / BBB+ / BBB+** by Moody's / S&P / Fitch, respectively.  **[1378789_0000950157-25-000825_ex1-1.htm:35]**

AerCap Holdings (AER)