Company: AYR
Filing Date: 2025-10-09
Form Type: 10-Q
Source: 0001628280-25-044676
Chunk: 1

Company: Aircastle LTD
Filing Date: 2025-10-09
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 Months Ended August 31,Six Months Ended August 31,2025202420252024Revenues:Lease rental revenue$190,116 $162,379 $373,159 $324,949 Direct financing and sales-type lease revenue5,191 5,426 10,333 10,883 Amortization of lease premiums, discounts and incentives(1,513)(6,068)1,253 (12,717)Maintenance revenue 9,708 19,378 47,840 61,527 Total lease revenue203,502 181,115 432,585 384,642 Gain on sale or disposition of flight equipment23,889 35,416 54,178 36,426 Other revenue119 137 591 773 Total revenues227,510 216,668 487,354 421,841 Operating expenses:Depreciation96,762 87,675 192,578 177,033 Interest, net70,529 62,424 139,370 127,237 Selling, general and administrative24,247 20,090 44,938 42,145 Provision for credit losses(116)426 26 281 Impairment of flight equipment31,153 5,761 36,219 10,972 Maintenance and other costs3,977 4,096 8,221 8,539 Total operating expenses226,552 180,472 421,352 366,207 Other (expense) income:Gain (loss) on extinguishment of debt— 285 (2,973)285 Other61,041 726 60,585 422 Total other income61,041 1,011 57,612 707 Income from continuing operations before income taxes and earnings of unconsolidated equity method investment61,999 37,207 123,614 56,341 Income tax provision5,228 9,028 17,949 12,600 Earnings of unconsolidated equity method investment, net of tax462 480 855 999 Net income$57,233 $28,659 $106,520 $44,740 Preference share dividends(10,500)(10,500)(10,500)(10,500)Net income available to common shareholders$46,733 $18,159