$FTAI · FTAI Aviation Ltd.
FTAI Aviation reported Q3 2026 results with net income attributable to shareholders of $149.1 million ($1.43 diluted EPS), up 30.7% YoY. Total revenues reached $977.7 million, driven by Aerospace Products revenue of $780.6 million. The Board doubled the share repurchase authorization to $1.0 billion and announced a $500 million accelerated share repurchase with Royal Bank of Canada, expected to close in Q4 2026.
- Net income attributable to shareholders rose 30.7% YoY to $149.1 million in Q3 2026.
- Aerospace Products revenue surged 76% YoY to $910.0 million with Adjusted EBITDA of $282.4 million.
- Consolidated Adjusted EBITDA reached $348.3 million, up 17.1% from $297.4 million in Q3 2025.
- Board doubled share repurchase authorization to $1.0 billion and announced a $500 million accelerated share repurchase.
- CFM56 module production hit 311 units in Q3, up 50% YoY; full-year outlook of 1,200 modules reaffirmed.
Extended-hours trading shows shares at $180.50, up +7.99% vs the regular close of $167.14, reflecting strong investor reception to the earnings beat, $500M ASR, and reaffirmed guidance.
A 30.7% earnings jump paired with a $500M accelerated buyback and reaffirmed multi-year guidance signals management's conviction in sustained growth across all three business lines.
FTAI's Aerospace Products segment is scaling rapidly with 76% revenue growth, positioning it as a dominant CFM56 module supplier. The SCI partnership model mirrors the asset-light strategies seen across aviation lessors seeking higher returns on capital.
Forward-looking statements caution that Mod-1 delivery targets, 2026/2027 Adjusted EBITDA guidance, and ASR completion are subject to risks beyond the Company's control. The asset-light transition via SCI partnerships introduces execution risk around aircraft closings and capital deployment.