Yesterday, AerCap updated the market on its four quarter results, missing estimates that impacted its share price that also suffered as a result of the impairment of aircraft and the Russian fleet. AerCap’s fourth quarter net income was $88.8m or $0.44 per share; excluding the expenses related to the GECAS acquisition ($139m for the quarter, which includes amortisation and cost of the $24bn bridge facility, and legal fees and other costs), net income for the period was $211m or $1.04 per share, which was below analyst consensus estimates of $1.88 per share. Aengus Kelly, Chief Executive Officer of AerCap, said:
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