Aircastle Reports $34 Million Net Income Amid Aviation Supply Crunch

The company reported total revenues of $236 million for the three months ending May 31, 2026, marking a period where lease rental revenue climbed 6% compared to the same quarter last year. CEO Mike Inglese noted that while conflict-related fuel prices continue to pressure airline profitability, the scarcity of available aircraft has sustained high asset values, providing a buffer for the firm’s leasing operations.

During the quarter, Aircastle acquired four aircraft for $117 million while divesting five others for $114 million, generating $11 million in gains. With 98% of its debt now unsecured, the company maintains a liquidity cushion of $2.6 billion as of July 1. Management intends to maintain a disciplined capital deployment strategy throughout the year, backed by the support of shareholders Marubeni Corporation and Mizuho Leasing.