AerCap reports $1.1bn net income for fourth quarter 2023

AerCap has reported net income for the fourth quarter of 2023 of $1.1bn, up from $495 million year-on-year (YoY). Net income for the full year 2023 was $3.1bn. Adjusted net income for the fourth quarter, including net recoveries related to aircraft grounded due to the Ukraine conflict, was $641 million, stable against the adjusted net income of $645 million for the same period a year prior. Adjusted net income for the year was $2.4bn, up from 2022’s adjusted net income of $2.1bn. Total revenue for the fourth quarter was $1.9bn and $7.6bn for the full year. Adjusted earnings per share