AerCap reports 2018 results; begins new share repurchase program

AerCap has reported net income of $232.6 million for the fourth quarter of 2018 compared with $266.3 million for the same period in 2017. Net income was $1,015.6 million for the full year 2018, compared with $1,076.2 million for 2017. Diluted earnings per share were $1.62 for the fourth quarter of 2018 and $6.83 for the full year 2018. AerCap stated that the decrease in net income was primarily driven by a lower maintenance contribution as well as mark-to-market losses on interest rate caps that are used for hedging purposes. The decrease in diluted earnings per share was driven by