AERCAP HOLDINGS Q2 2026 results beat expectations, driven primarily by strong asset sale gains, exceptional maintenance contributions, and robust aircraft leasing demand.

Key data: Adjusted EPS of US$5.14; adjusted ROE of 18%. GAAP net income of US$726 million; basic lease rents of US$1.677 billion.

Business progress: Completed sales of 38 owned assets, with sales proceeds of approximately US$1.4 billion and a sales profit margin of 20%. Signed an order with Boeing for 15 787 widebody aircraft and extended orders for approximately 200 Airbus A320neo-family aircraft, mostly by taking over airline order books to secure early delivery slots. The company has repurchased more than 6% of its shares.

Guidance and outlook: Management raised full-year 2026 adjusted EPS guidance to approximately US$16.80 and expects full-year asset sales of US$4 billion to US$5 billion, with maintenance contributions returning to normal in the second half.

Risk/highlight signals: Management's tone was generally optimistic, but it remained cautious on the aviation-derived power generation market, emphasizing that entry requires the right partners and long-term reliable demand. At the same time, it flagged that if oil prices continue to rise, some airlines' profitability will be impaired, and credit risk warrants close attention.