Aircastle (Aircastle) Q4 2026 earnings summary

Executive summary

• Ended FY2026 with 282 aircraft, $8.5B fleet NBV, and 76 lessees across 45 countries.

• FY2026 revenue rose to $975M from $821M year-over-year; net income increased to $194M from $124M.

• Acquired 46 aircraft for $1.7B and sold 33 aircraft for $730M in FY2026; 51% of fleet is new technology.

• Extended $500M in revolving credit facilities and collected $71M in insurance settlements.

Financial highlights

• Q4 FY2026 revenue was $251M, up from $206M in Q4 FY2025; net income was $57M, down from $61M.

• FY2026 EBITDA reached $889M, up from $771M; Adjusted EBITDA was $945M, up from $790M year-over-year.

• Gains on aircraft sales totaled $96M for FY2026.

Outlook and guidance

• Aircraft and engine shortages expected to persist, with demand outstripping supply into 2026.

• Favorable financing conditions for investment-grade lessors anticipated to continue.