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Aircastle's first quarter, covering the three months ended May 31, 2026, delivered total revenues of $236 million and a 6% rise in lease rental revenue against the same period in 2025.
Net income of $34 million, however, shows how wide the gap remains between the company's operating cash generation and its reported earnings.
The revenue picture Lease rental revenue is the core of Aircastle's business, and 6% year-over-year growth signals that demand from airline customers held steady into the spring.
Adjusted EBITDA reached $208 million for the quarter.
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