AerCap Holdings N.V. (NYSE:AER) shares are trading lower after it reported fourth-quarter FY23 results.
Total lease revenue grew 5% Y/Y to $1.718 billion. Total revenues and other income rose 4% to $1.899 billion, missing the consensus of $1.926 billion.
Basic lease rents were $1.576 billion in the fourth quarter, up 6% Y/Y, impacted by $40 million of lease premium amortization.
The aviation leasing company signed 179 lease agreements in the fourth-quarter, comprising 11 wide-body aircraft, 89 narrow-body aircraft, three regional jets, 57 engines, and 19 helicopters.
AerCap had an adjusted …