Profile
Sector:
IndustrialsIndustry:
Rental & Leasing ServicesCountry:
United StatesIPO:
14 May 2015Website:
http://www.ftaiaviation.comNext earnings report:
N/ALast dividends:
12 August 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:54:02 GMTAnalysts recommendations
Institutional Ownership
FTAI Latest News
FTAI Aviation (FTAI) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.33 per share a year ago.
NEW YORK, Oct. 30, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI) (the “Company” or “FTAI”) today reported financial results for the third quarter 2024. The Company's consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release.
FTAI Aviation (FTAI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
NEW YORK, Sept. 30, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI; “FTAI Aviation” or the “Company”) announced today that it will redeem all of the Company's outstanding 4,180,000 8.25% Fixed-to-Floating Rate Series A Cumulative Perpetual Redeemable Preferred Shares (the “Series A Shares”) at a redemption price equal to $25.00 per Series A Share in cash, plus approximately $1,579,811 of accumulated and unpaid distributions thereon to, but not including, the redemption date of October 30, 2024 (the “Redemption”). The Series A Shares trade under the ticker symbol “FTAIP.”
FTAI Aviation benefits from Boeing and Airbus delivery delays, driving demand for aftermarket services, especially in engine leasing and maintenance. Despite higher input costs and inflationary pressures, FTAI Aviation's Q2 2024 revenues grew 61.7%, with adjusted EBITDA up 40% to $213.9 million. FTAI Aviation raised its 2024 EBITDA guidance to $825-$850 million and its 2026 target to $1.25 billion, reflecting strong demand and growth prospects.
FTAI Aviation's 8.25% Fix/Float Series A Cumulative Preferred Shares offer strong dividend coverage, with a potential yield over 12% and a 13.37x coverage factor. FTAI's asset base includes 53.4% aircraft and 47% aircraft engines, with high utilization rates and a focus on narrowbody assets. Despite a one-time $300M restructuring expense, FTAI expects significant annual savings and strong future EBITDA growth, bolstered by recent acquisitions.
NEW YORK, Sept. 20, 2024 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ:FIP; the "Company" or “FTAI Infrastructure”) plans to announce its financial results for the third quarter 2024 after the closing of Nasdaq on Wednesday, October 30, 2024. A copy of the press release and an earnings supplement will be posted to the Investor Relations section of the Company's website, https://www.fipinc.com/.
NEW YORK and MONTRÉAL, Sept. 09, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI) announces the successful completion of its acquisition of Lockheed Martin Commercial Engine Solutions (“LMCES”), a 526,000-square-foot aircraft engine maintenance repair facility located in Montréal, Québec, from Lockheed Martin Canada. The completion of the acquisition strengthens FTAI Aviation's Maintenance, Repair, and Exchange (MRE) business with the ability to provide additional maintenance services to airline customers.
NEW YORK, Aug. 20, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ:FTAI) (the “Company”) today announced that Joe Adams, Chief Executive Officer, will present at the Jefferies Industrials Conference at 9:50AM (ET) on Thursday, September 5, 2023 in New York, New York.
FTAI Infrastructure owns North American energy infrastructure assets. The company recently reported Q2'24 earnings with revenue miss but positive EBITDA; performance seems to be going well across business units. However, given high maintenance capex and interest expense are significant detractors from EBITDA, the valuation doesn't appear as cheap as it is at first glance.
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What type of business is Fortress Transportation and Infrastructure Investors LLC?
FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers. As of December 31, 2023, this segment owned and managed 363 aviation assets consisting of 96 commercial aircraft and 267 engines, including eight aircraft and seventeen engines that were located in Russia. The Aerospace Products segment develops, manufactures, repairs, and sells aircraft engines and aftermarket components for aircraft engines. The company was founded in 2011 and is headquartered in New York, New York.
What sector is Fortress Transportation and Infrastructure Investors LLC in?
Fortress Transportation and Infrastructure Investors LLC is in the Industrials sector
What industry is Fortress Transportation and Infrastructure Investors LLC in?
Fortress Transportation and Infrastructure Investors LLC is in the Rental & Leasing Services industry
What country is Fortress Transportation and Infrastructure Investors LLC from?
Fortress Transportation and Infrastructure Investors LLC is headquartered in United States
When did Fortress Transportation and Infrastructure Investors LLC go public?
Fortress Transportation and Infrastructure Investors LLC initial public offering (IPO) was on 14 May 2015
What is Fortress Transportation and Infrastructure Investors LLC website?
https://www.ftaiaviation.com
Is Fortress Transportation and Infrastructure Investors LLC in the S&P 500?
No, Fortress Transportation and Infrastructure Investors LLC is not included in the S&P 500 index
Is Fortress Transportation and Infrastructure Investors LLC in the NASDAQ 100?
No, Fortress Transportation and Infrastructure Investors LLC is not included in the NASDAQ 100 index
Is Fortress Transportation and Infrastructure Investors LLC in the Dow Jones?
No, Fortress Transportation and Infrastructure Investors LLC is not included in the Dow Jones index
When was Fortress Transportation and Infrastructure Investors LLC the previous earnings report?
No data
When does Fortress Transportation and Infrastructure Investors LLC earnings report?
Next earnings report date is not announced yet