If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.I have been covering FTAI Aviation ( FTAI ) common stock since September 2023 and the share price return even after the recent pullback has been phenomenal with a 251% return compared to 32.9% for the S&P 500. In due time, I will beDhierin runs the ...

Following my last publication on FTAI Aviation Ltd. (NASDAQ: FTAI ), the stock is +58%, bringing total returns since the original thesis in Nov ‘23 to +263% inc. all dividends paid up.Equity strategist [Bernard Holdings]. Objective view on the directional bias of markets. Technical expertise bridges the complex relationships between value drivers, capital flows and price action. Partners are represented over the cross-section of financial markets, from speculators, hedgers, long-term traders and the public. ...

NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (Nasdaq: FTAI) announces the sale of its remaining offshore energy vessels, the Pioneer and the Pride, for approximately $143 million. FTAI is continuing to focus on its core business of providing power for the aftermarket of the two largest commercial engine programs, the CFM56 and the V2500. Cautionary Note Regarding Forward-Looking Statements This communication contains “forward-looking statements” within the meaning of the Private Securities ...

Group 1 - FTAI Aviation Ltd (NASDAQ:FTAI) has recently surpassed its early-November post-earnings peak and the $150 level, reaching unprecedented highs [2] - The stock has shown strong underlying support, maintaining stability despite short-term volatility, with support levels at +200% year-to-date and the 10-week moving average [2] - Following a post-earnings volatility reduction, the Schaeffer's Volatility Index (SVI) for FTAI is currently at 38%, ranking in the 25th percentile of its annual range, indicating low volatility expectations from options traders [3] Group 2 - FTAI has historically outperformed low volatility expectations, as indicated by its Schaeffer's Volatility Scorecard (SVS) of 86 [3] - A recommended call option for February 21, 2025, has a leverage ratio of 5.9, suggesting it will double with an 18.9% increase in the underlying stock [3]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission file number 001-37386 FTAI AVIATION LTD. (Exact name of registrant as specified in its charter) Cayman Islands 98-1420784 | --- | --- | --- | ...

Financial Data and Key Metrics - Adjusted EBITDA for Q3 2024 was $232 million, up 8% from $213.9 million in Q2 2024 and up 50% from $154.2 million in Q3 2023 [7] - The leasing segment contributed $136.4 million in EBITDA, while the aerospace products segment contributed $101.8 million, with corporate and other segments showing a negative $6.2 million [8] - The company expects annual aviation EBITDA for 2024 to be between $860 million to $875 million, up from the previous guidance of $825 million to $850 million [10] Business Line Data and Key Metrics - The leasing segment generated $122 million in pure leasing EBITDA for Q3 2024, compared to $112 million in Q2 2024 and $102 million in Q3 2023 [9] - The aerospace products segment achieved $101.8 million in EBITDA with a 34% margin, up 12% from Q2 2024 and up 135% from Q3 2023 [10] - The company sold $20.7 million book value of assets for a gain of $14.3 million in Q3 2024, with more sales expected in Q4 [9] Market Data and Key Metrics - The company onboarded 19 new customers in Q3 2024, a record quarter for new customer acquisition [18] - The V2500 engine program has secured commitments from two large North American airlines for over 20 engines in the next few years [22] - The company is expanding its field service team globally to offer complete installation and service, enhancing customer experience [19] Company Strategy and Industry Competition - The company is focusing on organic growth in the CFM56 and V2500 engine markets, which are the largest engine markets globally [34] - The acquisition of the Montreal facility (FTAI Canada) has increased production capacity from 30 modules per quarter in 2023 to 75 modules per quarter in Q3 2024, with a target of 100 modules per quarter by 2025 [15] - The company is pre-ordering parts to mitigate supply chain risks, with working capital increasing by $120 million from Q2 to Q3 2024 [37] Management Commentary on Operating Environment and Future Outlook - Management believes the business model is sticky, with customers unlikely to revert to traditional engine maintenance methods due to cost and time savings [13] - The company is confident in achieving $500 million in leasing EBITDA for 2024, including $50 million in gains from asset sales [9] - Management expects the CFM56 engine platform to remain in service for a long time, supporting the company's long-term growth strategy [16] Other Important Information - The company announced its 38th dividend as a public company, with a $0.30 per share dividend to be paid on November 25, 2024 [7] - The company is working on insurance settlements, with expected recoveries of around $150 million, which will be net income [62] - The company is considering a stock split but has not yet made a decision [64] Q&A Session Summary Question: How does FTAI's business model look in a normalized world, and what is the duration of the CFM56 platform? [12] - Answer: The company believes its business model is sticky, with customers unlikely to revert to traditional maintenance methods. The CFM56 platform is expected to remain in service for a long time [13][16] Question: How many new customers were onboarded, and how do they ramp up? [17] - Answer: The company onboarded 19 new customers in Q3 2024, with new customers typically ordering 1-2 modules initially and repeat customers ordering 5-10 modules [18] Question: What is the progress on the V2500 engine program? [21] - Answer: The V2500 program is progressing well, with engines coming out of the shop on target. The LATAM program has started, and two large North American airlines have committed to over 20 engines [22] Question: What are the implications of Chromalloy's FAA approval for V2500 blades? [25] - Answer: The approval is seen as positive, indicating confidence in the FAA's rigorous process and potential for future CFM56 part approvals [26] Question: Why did the aerospace segment EBITDA margin decline to 34%? [29] - Answer: The decline was due to low-margin legacy contracts inherited from the FTAI Canada acquisition, which are expected to run off by the end of 2024 [30] Question: How is the company managing supply chain risks? [36] - Answer: The company is pre-ordering parts and increasing inventory to mitigate supply chain disruptions, with working capital increasing by $120 million from Q2 to Q3 2024 [37] Question: What is the pipeline for large leasing opportunities? [38] - Answer: The company is seeing opportunities for 20-30 aircraft deals, with advancements expected in Q4 2024 [39] Question: What is the backlog and margin sustainability in the aerospace products segment? [42] - Answer: The backlog is growing, with 66% of volume from repeat customers. Margins are expected to increase due to cost reductions and pricing advantages [43][44] Question: What is the average green time on engines being acquired? [51] - Answer: The company is focusing on acquiring run-out engines that need shop visits, as green time is more expensive now [52] Question: What is the status of insurance settlements? [60] - Answer: The company expects total recoveries of around $150 million, with some settlements already in progress [62] Question: Is the company considering a stock split? [63] - Answer: The company is open to considering a stock split if it can be shown to enhance shareholder value [64] Question: What is the margin differential between field and non-field services? [67] - Answer: Field services are more about increasing module velocity rather than margin, with typical field service events costing $50,000 to $70,000 [67] Question: What is the maintenance CapEx being deployed for? [68] - Answer: The $60 million to $80 million in maintenance CapEx is used to keep engines in the leasing portfolio in service [68]

POWER FOR THE AFTERMARKET INNOVATING CFM56 AND V2500 POWER FTAI Aviation Supplemental Information Third Quarter 2024 Leading in Maintenance, Repair and Exchange (MRE) Q3 2024 Disclaimers IN GENERAL. This disclaimer applies to this document and the verbal or written comments of any person presenting it. This document, taken together with any such verbal or written comments, is referred to herein as the "Presentation." The information contained on, or accessible through, any websites included in this Presenta ...

For the quarter ended September 2024, FTAI Aviation (FTAI) reported revenue of $465.79 million, up 60% over the same period last year. EPS came in at $0.76, compared to $0.33 in the year-ago quarter.The reported revenue represents a surprise of +8.50% over the Zacks Consensus Estimate of $429.29 million. With the consensus EPS estimate being $0.75, the EPS surprise was +1.33%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...

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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.33%. A quarter ago, it was expected that this transportation infrastructure company would post earnings of $0.40 per share when it actually produced earnings of $0.26, delivering a surprise of -35%. Over the last ...

Financial Performance - Net Income Attributable to Shareholders for Q3 2024 was $78.1 million, with Basic and Diluted Earnings per Ordinary Share at $0.76[1] - Adjusted EBITDA for Q3 2024 reached $232.0 million[1] - Total Revenues for Q3 2024 were $465.8 million, a significant increase from $291.1 million in Q3 2023[11] - Adjusted EBITDA for Q3 2024 was $232,030, a $77,812 increase compared to $154,218 in Q3 2023[16] - Net income attributable to shareholders for Q3 2024 was $78,147, up $45,174 from $32,973 in Q3 2023[16] - Adjusted EBITDA for the nine months ended September 30, 2024, was $610,035, a $175,084 increase from $434,951 in the same period in 2023[16] Aerospace Products Segment - Aerospace Products segment reported over $100 million in Adjusted EBITDA[4] - Aerospace Products Revenue for Q3 2024 was $303.5 million, up from $118.7 million in Q3 2023[11] Balance Sheet and Financial Position - Total Assets as of September 30, 2024, were $3.74 billion, compared to $2.96 billion as of December 31, 2023[12] - Debt, net as of September 30, 2024, stood at $3.22 billion, up from $2.52 billion as of December 31, 2023[12] - Cash and Cash Equivalents as of September 30, 2024, were $111.9 million, compared to $90.8 million as of December 31, 2023[12] - Shareholders' equity decreased to $118,532 from $175,349, reflecting a significant reduction in equity[13] - Total liabilities and equity increased to $3,738,910 from $2,964,685, indicating growth in the company's financial obligations[13] Dividends and Shareholder Returns - The company declared a cash dividend of $0.30 per ordinary share for Q3 2024[2] - Dividends on Series B, C, and D Preferred Shares were declared at $0.50000, $0.51563, and $0.59375 per share, respectively, for Q3 2024[3] Expenses and Charges - Depreciation and amortization expense for Q3 2024 was $69,453, a $10,073 increase from $59,380 in Q3 2023[16] - Interest expense and dividends on preferred shares rose to $66,272 in Q3 2024, up $17,753 from $48,519 in Q3 2023[16] - Asset impairment charges for the nine months ended September 30, 2024, were $962, a $258 decrease from $1,220 in the same period in 2023[16] Other Financial Metrics - Internalization fee to affiliate contributed $300,000 to Adjusted EBITDA for the nine months ended September 30, 2024[16] - Pro-rata share of Adjusted EBITDA from unconsolidated entities was $(382) in Q3 2024, compared to $642 in Q3 2023[16]