AerCap raised its 2026 adjusted earnings forecast on October 28 after reporting what it described as record adjusted third-quarter profit.
The aviation leasing company earned $949 million, or $6.17 per share, under standard accounting rules for the quarter ended September 30. Adjusted net income was $1.009 billion, or $6.56 per share, according to its release.
AerCap now expects annual adjusted earnings of about $20.70 per share. That forecast includes asset-sale gains through September but excludes any such gains in the fourth quarter.
Revenue and other income increased 5% to $2.415 billion. Lease revenue rose 4% to $1.965 billion, while asset-sale gains reached $353 million.
Operating cash flow totaled $1.8 billion. Capital spending was $1.9 billion, including purchases of 32 aircraft. The company also repurchased about $783 million of shares during the quarter.
Chief Executive Aengus Kelly said higher fuel costs were weighing on airline profitability, while demand for aviation assets remained favorable for AerCap.
Adjusted figures exclude specified accounting items and supplement standard results; the forecast remains a company projection.
Sources: AerCap third-quarter results release.