AerCap raises 2026 guidance after strong second-quarter performance

Aircraft leasing giant AerCap has reported strong financial results for the second quarter of 2026, driven by robust demand for aviation assets, strong asset sales and continued aircraft supply constraints, prompting the company to raise its full-year earnings guidance.

Net income for the quarter reached $726 million, or $4.59 per share, while adjusted net income increased to $811 million, or $5.14 per share. The company has now raised its full-year 2026 adjusted earnings per share guidance to approximately $16.80, excluding any additional gains on asset sales during the remainder of the year.

During the quarter, AerCap completed $1.4 billion of asset sales, generating gains of $223 million, while operating cash flow totalled $1.5 billion. The lessor also invested $1.9 billion in new assets, including 25 aircraft, five engines and three helicopters, and repurchased 4.9 million shares for $691 million, taking year-to-date share buybacks to more than $1.4 billion.

Book value per share increased by around 16% year-on-year to $119.21, while the company’s adjusted debt-to-equity ratio improved to 2.05:1. AerCap also announced an order for 15 Boeing 787 aircraft, with deliveries scheduled between 2030 and 2033.

“Our global platform, consistent execution, disciplined capital allocation and active portfolio management continue to position us to capitalise on opportunities across the market.

“As a result, we are raising our full-year 2026 adjusted EPS guidance to $16.80. Looking ahead, we remain confident that the combination of sustained demand for air travel, ongoing aircraft supply constraints and our disciplined approach to capital deployment will continue to drive long-term value for our shareholders.”