AerCap records net income of $34.4m in 1Q 2010
AerCap has released that 1Q 2010 net income was $34.4m, compared with net income of $30m for the same period in 2009.
First quarter 2010 net income excluding the impact of the mark-to-market of interest rate caps and share-based compensation was $46.7m, compared to net income of $31.5m in the 1Q 2009 on the same basis.Net spread, the difference between basic lease rents and interest expense excluding the impact from the mark-to-market of interest rate caps, was $133m in 1Q2010 compared to $112.5m in 1Q 2009, an increase of 18 per cent. This measure reflects the increase in leasing income.
