In short, with significant unrestricted cash balance today, good operating cash flow going forward, no debt maturities for several years and no major remaining capital commitments, we are excited about Aircastle’s position to continue executing on our strategy of discipline, return oriented growth.Now let’s turn to our performance during the first quarter of 2012. Regarding our topline results, total revenue grew to $165 million, with lease rental revenue accounting for around $152 million of that. Lease rental revenue is up 8% due to our investments in 2011, more than offsetting the revenue loss from last year’s profitable asset sales.
Aircastle's CEO Discusses Q1 2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts