Editor’s note: At TPG, our top priority is providing our readers with the information needed to make educated decisions about travel and your rewards-earnings strategy. This is not the best time to travel, domestically or internationally, as airlines have cut…
Sun Country Airlines
Editor’s note: At TPG, our top priority is providing our readers with the information needed to make educated decisions about travel and rewards-earning strategy. This is not the best time to travel, domestically or internationally, as airlines have cut major…
The seasons are starting to change, and with them an excuse to update our olfactory wardrobe. But just because spring is underway doesn't mean the only fragrances to discover are the usual florals. To help you find a new scent for spring, we asked experts fro…
Shares of AerCap Holdings (NYSE: AER) spiked 19% at the open Tuesday after the airplane leasing specialist reported better-than-expected earnings and laid out its case for why it will survive the COVID-19 pandemic. Shares of AerCap have lost about half their value this year due to fears the company would be dragged down by troubles experienced by its customers. Many of those planes are owned by AerCap, which buys new planes directly from the manufacturers and leases them to the airlines.
AerCap Holdings N.V. ("AerCap" or the "Company") (NYSE: AER) today announced that it has rescheduled the delivery of 37 aircraft that were previously expected to be delivered in 2021 and 2022. These aircraft are now expected to be delivered in 2023 and later years.
Heads up! We share savvy shopping and personal finance tips to put extra cash in your wallet. Android Central may receive a commission from The Points Guy Affiliate Network. Please note that the offers mentioned below are subject to change at any time and som…
British Airways expects to resume part of its operations as of July. International Airlines Group (IAG), the owner of British Airways, Aer Lingus and Iberia, among others, said that it expects its airlines to take a “meaningful return to service” in July at t…
The global pandemic has taken a huge toll on the aerospace industry, but this company’s business model puts it on a better footing.
The latest coronavirus news updated every day including coronavirus cases, the latest news, features and interviews from New Scientist and essential information about the covid-19 pandemic
Oliver Williamson won the Nobel in 2009 with Elinor Ostrom. My post on that event is reprinted below (no indent). See also Tyler here. —————— In Adam Smith there is the pin factory and the market and from that beginning we trace the long literature in economi…
AerCap (AER) delivered earnings and revenue surprises of 20.90% and 2.17%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
The firm’s top new buys are in distressed gold and paper companies Continue reading...
With me today is our Chief Executive Officer, Aengus Kelly; and our Chief Financial Officer, Pete Juhas. AerCap undertakes no obligation other than that imposed by law to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after this call. Further information concerning issues that could materially affect performance can be found in AerCap's earnings release dated May 5, 2020.
I have a new paper in the Papers and Proceedings Volume of the AER that is out in print and on the AER website. A short version of the supporting appendix is available here and on the AER website. A longer version with more details behind the calculations is …
If you believe travel will eventually return, it might be smart to bet on one of the companies serving the airlines.
Today I want to share a story from TPG reader Woodrow, who was able to leverage a schedule change to upgrade from a low-cost carrier to lie-flat business class: My girlfriend and I found unbelievably cheap flights on low-cost LEVEL Airlines, round trip from N…
AerCap (AER) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Greenlight Capital Fund recently released its Q1 2020 Investor Letter, a copy of which you can download below. The fund posted a return of -21.5% for the quarter, underperforming its benchmark, the S&P 500 Index which returned -19.60% in the same quarter. You should check out Greenlight Capital’s top 5 stock picks for investors to […]
Many of the world’s major airlines have partnerships with other airlines, hotel groups and rental car companies. These partnerships open up more flight destinations and give loyalty program members more ways to earn and redeem their airline miles. Some of the…
The latest coronavirus news updated every day including coronavirus cases, the latest news, features and interviews from New Scientist and essential information about the covid-19 pandemic
AerCap Holdings N.V. ("AerCap" or the "Company") (NYSE: AER) today announced it has filed an interim financial report including its unaudited condensed consolidated financial statements and notes for the first quarter ended March 31, 2020 with the U.S. Securities and Exchange Commission (the "SEC"). AerCap's Form 6-K can be accessed on the "Investors" section of the Company's website at www.aercap.com, as well as on the SEC's website at www.sec.gov.
This summer could see the aviation industry inching back to recovery, at based on news coming out of Europe during the past week. Lufthansa said on Thursday that it would begin flying a much larger chunk of its regular schedule in June. Combined with the othe…
Q1 2020 AerCap Holdings NV Earnings Call
(NAS) stock dropped as the airline completed a debt-for-equity swap to unlock state aid vital to its survival. The deal has given majority control of the airline to its lessors, including (2588) which is controlled by the Chinese government. The low-cost airline warned at the end of April that it could run out of cash by mid-May unless it secured a 2.7 billion Norwegian krone ($271 million) government support package.
An aircraft lessor withdrew an order for 75 Boeing 737 MAX jets Friday, the latest in a series of cancellations resulting from the coronavirus outbreak and the prolonged effort to win permission for the plane to resume commercial service. “We have had ongoing conversations with Avolon regarding their 737 MAX portfolio and the impacts from the past year,” a (BA) (ticker: BA) spokesman told Barron’s in an emailed statement. “We have come to a mutual agreement to restructure Avolon’s MAX order book.”
The latest coronavirus news updated every day including coronavirus cases, the latest news, features and interviews from New Scientist and essential information about the covid-19 pandemic
Aircraft leasing company AerCap Holdings on Tuesday warned it could cancel some Boeing 737 MAX orders and withdrew its full-year outlook amid a slump in travel demand due to the COVID-19 pandemic that has battered business globally. The world's largest aircraft leasing company said it had lost some of its Boeing 737 MAX leases and expects additional cancellations by airlines in the future. Last month smaller rival and privately-held Avolon cancelled an order for 75 Boeing 737 MAX planes that were due to be delivered by 2023.
Tiger Management founder invests in AerCap, sells Qualcomm Continue reading...
Editor’s note: At TPG, our top priority is providing our readers with the information needed to make educated decisions about travel and rewards-earning strategy. This is not the best time to travel, domestically or internationally, as airlines have cut major…
AerCap Holdings N.V. ("AerCap" or the "Company") (NYSE: AER) today announced that it will host a webcast and conference call for investors and analysts on Tuesday, May 5, 2020 at 8:30 a.m. U.S. Eastern Time to review its first quarter 2020 financial results.
The latest coronavirus news updated every day including coronavirus cases, the latest news, features and interviews from New Scientist and essential information about the covid-19 pandemic
AerCap Holdings (NYSE: AER) said Tuesday that it has negotiated the deferral of 37 aircraft originally expected to be delivered in 2021 and 2022 to later years, giving the aircraft leasing company more flexibility to manage things through the COVID-19 pandemic. Shares of AerCap have lost 50% of their value year to date and were down 75% year to date as recently as March, on investor fears AerCap would be left holding aircraft that it would be unable to place with airlines. AerCap said the moves will reduce cash capital expenditures by $4.7 billion in 2020 and 2021.
Throughout the coronavirus pandemic, we’ve seen airlines slash their schedules and reduce operations to a bare minimum. Things are slowly starting to turn, however, and more and more people are considering booking future travel. When it’s time to start resear…
AerCap Holdings N.V. rallied 6.4% in morning trading Tuesday, after the aircraft leasing company said it has postponed the delivery of another 37 aircraft, as it continues to look to reduce cash outlays for this year and next amid market disruptions caused by the COVID-19 pandemic. The company said the delivery of the 37 aircraft were rescheduled for 2023 and later years, from original delivery dates in 2021 and 2022. In total, the company said that it has worked with aircraft makers and airline customers to reschedule the delivery of over 100 aircraft that were originally planned to be delivered in 2020, 2021 and 2022, which has helped reduce AerCap's cash capital expenditures by about $4.7 billion in 2020 and 2021. The stock has plunged 50.2% year to date, while the Dow Jones Industrial Average has shed 11.9%.
Aircraft leasing giant AerCap Holdings on Tuesday pushed back deliveries of 37 aircraft to 2023 and beyond as it looks to boost liquidity and lower capital spending. The world's largest aircraft leasing company, which had previously forecast the deliveries to be between 2021 and 2022, said the rescheduling would help reduce its cash capital expenditures in 2020 and 2021 by a total of about $4.7 billion.
Editor’s note: At TPG, our top priority is providing our readers with the information needed to make educated decisions about travel and rewards-earning strategy. This is not the best time to travel, domestically or internationally, as airlines have cut major…
British Airways may make up to 12,000 workers redundant as the airline warned the coronavirus recovery will take “several years.”
AerCap Holdings N.V. ("AerCap") (NYSE: AER) has announced its major business transactions during the first quarter 2020: