Aircastle Limited (AYR) said its fourth-quarter 2012 net income slipped to $29.8 million, or $0.43 per share, from $35.6 million, or $0.49 per share a year earlier.
Adjusted net income for the latest quarter was $36.4 million, or $0.52 per common share. The company said the change reflects higher net revenues of $19.7 million that was offset by higher aircraft impairment charges of $7.7 million, lower gains from the sale of aircraft of $7.4 million, higher depreciation of $6.1 million, higher selling, general and administrative costs of $2.1 million, and higher adjusted interest expense of $1.9 million.
Quarterly total revenues were $176.6 million, an increase of 13%, versus $156.9 million in the fourth quarter of 2011, reflecting higher lease rental revenue of $8.2 million, higher maintenance revenue of $4.2 million from a year-over-year increase in transitions, and a rise in other revenues of $8.0 million reflecting its purchase of a secured loan during the first quarter of 2012 and revenue from finance leases, mainly from acquisitions in 2012.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.