FTAI Aviation soars after Q2 EBITDA beat

FTAI Aviation

24/07/2024 14:25

** Shares of FTAI Aviation  FTAI.O  up 6.6% premarket to
$115 after co posted EBITDA well above consensus
    ** FTAI shares set to open at record high
    ** Jet engine lessor late Tues posted adj EBITDA of $213.9
mln vs LSEG estimate of $177 mln
    ** Rev in qtr grew 62% yr/yr to $443.6 mln, also topping
Street view of $362.9 mln
    ** 10 of 12 analysts rate FTAI "strong buy" or "buy", rest
have "hold" recommendations - LSEG
    ** Median PT of $105 up from $95 a month ago and from $70.15
on Apr 24
    ** Through Tues, FTAI shares up 132% this year. Stock ended
2022 at $17.12

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))