FTAI Aviation Ltd. (FTAI) Q3 2025 Earnings Call Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 28 2025
0mins
Should l Buy FTAI?
Source: SeekingAlpha
Adjusted EBITDA $297.4 million in Q3 2025, up 28% compared to $232 million in Q3 2024. The increase is attributed to strong performance in Aerospace Products and Leasing segments.
Aerospace Products Adjusted EBITDA $180.4 million in Q3 2025, up 77% year-over-year from $101.8 million in Q3 2024. The growth is driven by strong global demand for prebuilt engines and modules, as well as increased adoption of aerospace products.
Leasing Adjusted EBITDA $134.4 million in Q3 2025. The pure leasing component was $122 million, down from $152 million in Q2 2025 due to the sale of the seed portfolio to SCI and the absence of a $24 million settlement related to Russian assets.
Adjusted Free Cash Flow $268 million in Q3 2025, including $88 million from the sale of the final 8 aircraft from the seed portfolio. Year-to-date free cash flow is $638 million, on track for a revised goal of $750 million for 2025.
Aerospace Products Margin 35% in Q3 2025, up from 9% year-over-year. The improvement is due to operational efficiencies and increased production at facilities in Montreal, Miami, and Rome.
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Analyst Views on FTAI
Wall Street analysts forecast FTAI stock price to fall
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 249.810
Low
200.00
Averages
236.83
High
270.00
Current: 249.810
Low
200.00
Averages
236.83
High
270.00
About FTAI
FTAI Aviation Ltd. owns and maintains commercial jet engines with a focus on CFM56 and V2500 engines. Its segments include 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 lessees and customers. The Aerospace Products segment, through its maintenance facilities, equity method investment and exclusivity arrangements, develops and manufactures, repairs/refurbishes and sells aircraft engines and aftermarket components for the CFM56-7B, CFM56-5B and V2500 commercial aircraft engines. Its propriety portfolio of products, including the Module Factory and a joint venture to manufacture engine PMA, enables it to provide cost savings and flexibility to its airline, lessor, and maintenance, repair, and operations customer base. It also owns and leases jet aircraft, which often facilitates the acquisition of engines. It owns and manages over 330 aviation assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
FTAI Aviation to Announce Q1 2026 Financial Results
- Earnings Announcement Schedule: FTAI Aviation plans to release its Q1 2026 financial results after Nasdaq closes on April 29, 2026, providing a press release and earnings supplement to ensure timely access to key information for investors.
- Conference Call Details: Management will host a conference call on April 30, 2026, at 8:00 A.M. Eastern Time, allowing investors to register and engage directly with management, thereby enhancing transparency and investor relations.
- Webcast Availability: The conference call will be available via a live webcast on the company's website, enabling public access and fostering greater interaction between the company and its investors, which can enhance market confidence.
- Replay Information: A replay of the conference call will be accessible from April 30, 2026, at 11:30 A.M. until May 7, 2026, at 11:30 A.M., ensuring that investors who cannot attend live can still obtain important information, thus improving information accessibility.
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- Morgan Stanley's Target Price Increase: Morgan Stanley has raised its target price for a specific stock from $266 to $293.
- Market Implications: This adjustment reflects a positive outlook on the stock's performance and potential growth in the market.
See More
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- Analyst Rating Upgrade: J.P. Morgan analyst Kian Abouhossein raised Goldman Sachs' price target from $815 to $826, reflecting an optimistic outlook on the company's future performance, which may attract more investor interest.
- Earnings Beat: Lam Research reported second-quarter earnings of $1.27 per share on January 28, exceeding the market estimate of $1.17, with quarterly revenue of $5.35 billion, up from $4.38 billion year-over-year, indicating strong performance in the semiconductor equipment market.
- Stock Price Movements: FTAI Aviation shares fell 4.3% to $259.91 on Wednesday, while Goldman Sachs shares dropped 1.2% to $823.76, indicating a cautious market sentiment towards these companies' short-term performance.
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FTA Aviation's Engine Business Outlook Remains Strong
- Strong Market Demand: The surging demand for power from data centers is bolstering FTA Aviation's new business, FTA Power, which is converting aircraft engines into power turbines, expected to significantly enhance revenue and market share.
- Outstanding Stock Performance: According to S&P Global Market Intelligence, FTA Aviation's shares rose by 12.3% in February, with a remarkable 178% increase over the past year, reflecting strong market confidence in its growth prospects.
- Maintenance Spending Growth: Industry maintenance spending is projected to grow from $22 billion to $25 billion by 2026, indicating airlines' preference for extending the life of existing fleets, thus providing ongoing service opportunities for FTA.
- Strategic Partnership Agreement: FTA Aviation signed a multi-year agreement with CFM International to provide component and service support for CFM56 engines, which not only extends engine life but also ensures a stable supply of parts, enhancing competitive positioning in the market.
See More
FTAI Aviation to Announce Q1 2026 Financial Results
- Earnings Announcement Schedule: FTAI Aviation plans to release its Q1 2026 financial results after Nasdaq closes on April 29, 2026, providing a press release and earnings supplement to ensure timely access to key information for investors.
- Conference Call Details: Management will host a conference call on April 30, 2026, at 8:00 A.M. Eastern Time, allowing investors to register and engage directly with management, thereby enhancing transparency and investor relations.
- Webcast Availability: The conference call will be available via a live webcast on the company's website, enabling public access and fostering greater interaction between the company and its investors, which can enhance market confidence.
- Replay Information: A replay of the conference call will be accessible from April 30, 2026, at 11:30 A.M. until May 7, 2026, at 11:30 A.M., ensuring that investors who cannot attend live can still obtain important information, thus improving information accessibility.
See More
How Delta and United Navigate Challenges in the Airline Industry
- Delta Air Lines Performance: Delta Air Lines shares are down only 3% for the year, outperforming the S&P 500 despite industry challenges.
- Jet Fuel Price Impact: The airline is facing a significant 62% increase in jet fuel prices since February, which typically affects profitability.
- Industry Profit Estimates: There has been a general reduction in profit estimates across the airline industry, yet Delta's stock remains relatively stable.
- Unusual Market Behavior: The current performance of Delta's stock is noted as unusual for the airline industry, which is typically more volatile.
See More
How Delta Stock Can Soar Despite Rising Oil Prices and TSA Challenges
- Delta Air Lines Performance: Delta Air Lines shares are down only 3% for the year, outperforming the S&P 500 despite industry challenges.
- Jet Fuel Price Impact: The airline is facing a significant 62% increase in jet fuel prices since February, which typically affects profitability.
- Industry Profit Estimates: There has been a general reduction in profit estimates across the airline industry, yet Delta's stock remains relatively stable.
- Unusual Market Behavior: The current performance of Delta's stock is noted as unusual for the airline industry, which often experiences more volatility.
See More
FTAI AVIATION LTD: MORGAN STANLEY INCREASES TARGET PRICE FROM $266 TO $293
- Morgan Stanley's Target Price Increase: Morgan Stanley has raised its target price for a specific stock from $266 to $293.
- Market Implications: This adjustment reflects a positive outlook on the stock's performance and potential growth in the market.
See More
FTAI Aviation Announces New Leadership Appointments
- Leadership Changes: FTAI Aviation announced on March 6 the appointment of Nicholas McAleese as CFO and Michael Hazan as Chief Accounting Officer, effective immediately, aiming to enhance financial management capabilities to address market challenges.
- Analyst Rating Upgrade: J.P. Morgan analyst Kian Abouhossein raised Goldman Sachs' price target from $815 to $826, reflecting an optimistic outlook on the company's future performance, which may attract more investor interest.
- Earnings Beat: Lam Research reported second-quarter earnings of $1.27 per share on January 28, exceeding the market estimate of $1.17, with quarterly revenue of $5.35 billion, up from $4.38 billion year-over-year, indicating strong performance in the semiconductor equipment market.
- Stock Price Movements: FTAI Aviation shares fell 4.3% to $259.91 on Wednesday, while Goldman Sachs shares dropped 1.2% to $823.76, indicating a cautious market sentiment towards these companies' short-term performance.
See More
FTA Aviation's Engine Business Outlook Remains Strong
- Strong Market Demand: The surging demand for power from data centers is bolstering FTA Aviation's new business, FTA Power, which is converting aircraft engines into power turbines, expected to significantly enhance revenue and market share.
- Outstanding Stock Performance: According to S&P Global Market Intelligence, FTA Aviation's shares rose by 12.3% in February, with a remarkable 178% increase over the past year, reflecting strong market confidence in its growth prospects.
- Maintenance Spending Growth: Industry maintenance spending is projected to grow from $22 billion to $25 billion by 2026, indicating airlines' preference for extending the life of existing fleets, thus providing ongoing service opportunities for FTA.
- Strategic Partnership Agreement: FTA Aviation signed a multi-year agreement with CFM International to provide component and service support for CFM56 engines, which not only extends engine life but also ensures a stable supply of parts, enhancing competitive positioning in the market.
See More
