FTAI Aviation Ltd. reported a net loss in Q2 2024, but declared dividends for shareholders.

From Globe Newswire: 2024-07-23 16:15:00

FTAI Aviation Ltd. reported a net loss of $228,205 for Q2 2024, with basic and diluted earnings per share at $(2.26). Adjusted EBITDA reached $213,904. Dividends of $0.30 per share were declared for ordinary shares, as well as dividends for preferred shares. Aerospace Products achieved an Adjusted EBITDA high of $91.2 million in Q2. The company has inducted 20 V2500 engines and expects to induct 30 more by year-end. The Module Factory™ has over 50 active customers worldwide. The company’s financial statements and key performance measures can be found on their website. Management will host a conference call on July 24, 2024, at 8:00 A.M. Eastern Time.
Conclusion:
FTAI Aviation Ltd. reported financial results for Q2 2024, including a net loss of $228,205 and Adjusted EBITDA of $213,904. Dividends were declared for ordinary and preferred shares. Aerospace Products achieved an Adjusted EBITDA high, and the company continues to induct V2500 engines. A conference call will be hosted on July 24, 2024.



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