Aviation Capital Group net income soars in first quarter 2024

Aviation Capital Group’s (ACG) net income for the first quarter 2024 shot up to $43.1 million, up from $14 million in the first quarter of last year. Its revenues climbed 20% to $309 million, compared to $257.6 million in the same period a year prior. Total expenses climbed to $263 million, up from $243.6 million year-on-year (YoY). Its cash flow from operations climbed from $150.3 million in first quarter 2023 to $160 million in this year’s first quarter. Additionally, its net cash provided by investing activities swung to a positive $35 million, up from its negative (net cash used in