Track market-moving stories before they get noisy

FORT LAUDERDALE, FLORIDA - MAY 02: Spirit Airlines planes are parked on the tarmac at the Fort Lauderdale-Hollywood International Airport on May 02, 2026 in Fort Lauderdale, Florida. Spirit Aviation Holdings Inc. announced today that it has canceled all upcoming flights and begun a wind-down of Spirit Airlines operations after failing to secure funding from the Trump administration. (Photo by Joe Raedle/Getty Images)

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After Spirit Airlines vanished from the skies, its not-quite-sudden collapse raised questions about why the successful low-cost model, born in the U.S. airline industry, is failing.

Several factors have contributed to the difficulties Spirit Airlines faced. As Reuters reported, the airline’s attorney, Marshall Huebner, told the Southern District of New York Bankruptcy ​Court that the sudden spike in jet fuel prices, resulting from the closure of the Strait of Hormuz during the conflict in Iran, had left the airline “no remaining way out” of bankruptcy.

U.S. Transportation Secretary Sean Duffy pointed the finger at the previous administration for its failure to approve a merger between JetBlue and Spirit that might have benefited both carriers.

A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport on Monday, April 25, 2022, in Florida. Spirit has urged its shareholders to reject a hostile takeover offer from the New York-based carrier over federal antitrust concerns. (Joe Cavaretta/South Florida Sun Sentinel/Tribune News Service via Getty Images)

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“Yet another mess the traveling public has to inherit thanks to the radical policies of Joe Biden and Pete Buttigieg. In blocking the JetBlue/Spirit merger in 2024, they turned their backs on the American consumer and our great aviation workforce,” Duffy said in the USDOT’s announcement of measures taken to support air travelers following Spirit’s wind-down of operations.

The Trump administration had been in discussion on a possible rescue package for Spirit, but those discussions broke down without success.

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The Key Lesson Low-Cost Airlines Should Take Away From Spirit’s FallThere is a lot of blame going around in the aftermath of the airline’s failure. Still, a deeper analysis suggests that another factor behind Spirit’s collapse may require attention from other low-cost airlines that are still flying.

The market has changed since Southwest first started flying for peanuts in the 1970s. America’s major network airlines have consolidated and grown. They’ve also become more sophisticated in their retail operations, borrowing best practices from low-cost competitors to grow ancillary revenue.

However, as a recent analysis by the industry data visualization firm Visual Analytics suggests, aircraft choice might also be putting the profitable low-cost model at risk.

Larger Planes Favor Seat Cost, But Not Trip CostAs Visual Analytics CEO Courtney Miller explains, for years, the ultra-low-cost model has been optimized around packing as many seats as possible onto the largest narrowbody jets available, to drive down one key metric: the operating cost per seat. Lower seat costs allow airlines to offer lower airfares, but these fares are sustainable only if the aircraft are full, with ancillary fees to buffer a razor-thin margin. But the strategy is limited.

Whether an aircraft is flying full or empty, its trip costs are fixed by the aircraft’s operational demands. Flying a larger aircraft costs considerably more than flying a smaller one.

Flying a larger aircraft into markets with limited demand results in low passenger load factors, which translates into losses. Smaller aircraft can serve these same markets at a profit because the same number of passengers yields higher load factors that more than cover the aircraft’s trip costs.

FORT LAUDERDALE, FLORIDA - MAY 02: Spirit Airlines planes are parked on the tarmac at the Fort Lauderdale-Hollywood International Airport on May 02, 2026 in Fort Lauderdale, Florida. Spirit Aviation Holdings Inc. announced today that it has canceled all upcoming flights and begun a wind-down of Spirit Airlines operations after failing to secure funding from the Trump administration. (Photo by Joe Raedle/Getty Images)

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“Airlines that once relied on a low-cost sweet-spot near 100 seats have since grown average aircraft sizes in search of lower seat costs to today’s most popular low-cost capacity – 240 seats. This 240% increase in seat gauge brought the lower seat costs desired, but at an ever-dwindling number of markets for which an aircraft that large could be deployed,” Miller writes in a post dedicated to what he describes as the seat cost vs trip cost paradox facing low-cost carriers, which points to considerably more market potential in developing new routes within the small-aircraft range. “Once consistently profitable, ultra-low-cost airlines are now dealing with market saturation from prior years of growth while being limited to the largest aircraft available to sustain that much-needed growth.”

As Miller notes, the largest narrowbodies have “run out of markets,” leaving airlines with fewer viable routes to deploy them. But there are plenty of opportunities in routes better suited to smaller aircraft.

Low-cost airlines have acquired large aircraft, which are now limiting their market growth as they focus on minimizing per-seat costs. This strategy favors larger aircraft, such as the Airbus A320 family, which Spirit selected for its fleet.

GOODYEAR, ARIZONA - MAY 8: Spirit Airlines planes sit parked at the Phoenix Goodyear Airport on May 8, 2026 in Goodyear Arizona. The budget airline ceased all operations on May 2, 2026. (Photo by Rebecca Noble/Getty Images)

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“Considering $100 in revenues per passenger (fare and ancillary fees included), a small narrowbody will start delivering profit in markets with only 106 passengers. This low break-even load factor is not uncommon, as the A321neo with 240 seats would break even at only 148 passengers at this fare,” Miller explains. “Yet, even as passenger demand increased along certain routes, the small narrowbody would remain more profitable than the large narrowbody until it filled every seat.” What is more, Miller suggests that operating smaller aircraft in larger markets could still prove more profitable than operating large aircraft, at the expense of turning some passengers away.

Instead, Miller sees an opportunity for growth by operating both large and small aircraft. “The small narrowbody is not a replacement for the large narrowbody, but rather a supplement to unlock new growth while allowing the large narrowbody to focus on the most profitable routes,” he writes.

This means that low-cost airlines would need to reconsider another successful pillar of their long-term model: the single-type fleet. There are distinct advantages in single-type operations, such as streamlined maintenance and labor costs. But as the narrowbody aircraft that have formed the backbone of single-type fleets have stretched, the economics are failing.

In short, the biggest planes are the most efficient—until they aren’t.

The Fuel Shock That Broke SpiritThe recent spike in fuel prices accelerated Spirit’s collapse. The airline’s restructuring plan assumed jet fuel prices of about $2.24 per gallon. Instead, prices have surged above $4 per gallon, nearly doubling one of the airline’s highest costs.

A Spirit Airlines Airbus A320 lands at Hollywood Burbank Airport on April 17, 2026. Spirit Airlines has been facing financial troubles, while rising jet fuel due to the war in Iran has amplified their worries. (Photo by Patrick T. Fallon / AFP via Getty Images)

AFP via Getty Images

Fuel has always been a major expense for all airlines. Still, ultra-low-cost carriers are particularly exposed because they rely on high aircraft utilization to offset low fares that stimulate demand. They operate high-density seating configurations that add weight to aircraft, increasing fuel consumption.

But again, fuel consumption is also tied to aircraft size. Even with higher oil prices, airlines will have lower overall fuel spend operating Airbus A220s or Embraer 190s than with larger Airbus and Boeing narrowbody jets.

Spirit Shrunk, But Not In Time And Not EffectivelySpirit’s response to the financial crisis it faced was to shrink its fleet dramatically, to around 76 aircraft. The airline cut unprofitable routes, limiting its potential revenue, and focused on higher-revenue flying.

In doing so, the airline effectively admitted that its previous growth model—built on scale and density—no longer worked.

Spirit Airlines jets sat on the tarmac as the company ceased operations at Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida, on May 2, 2026. US air carriers mobilized Saturday to help passengers and crew members stranded by the overnight shutdown of Spirit Airlines, after last-minute talks with creditors and the White House collapsed. The budget airline known for its bright yellow planes succumbed to crushing fuel prices and announced in the early hours of Saturday that "all flights have been canceled, and customer service is no longer available" as it "started winding down its global operations, effective immediately." (Photo by GIORGIO VIERA / AFP via Getty Images)

AFP via Getty Images

Even before the latest fuel spike, Spirit had already reduced flying and burned through significant cash reserves in early 2026.

But shrinking the fleet and network alone was not a viable long-term strategy. Pivoting to smaller aircraft and moving into secondary markets with little competition might have made a difference, but Spirit could not deploy such a strategy in time.

Southwest’s Problem: The Just-Right Plane That Hasn’t ArrivedOther low-cost airlines are facing their own oversized-aircraft challenges.

Southwest Airlines has been waiting on the Boeing 737 MAX 7—a smaller, more flexible aircraft that fits its network strategy for years. Boeing certification delays have forced the airline to operate larger aircraft at higher trip costs, which the lower per-seat costs cannot offset.

RENTON, WA - FEBRUARY 5: The first Boeing 737 MAX 7 aircraft sits on the tarmac outside of the Boeing factory on February 5, 2018 in Renton, Washington. The 737 MAX 7 will have the longest range of the MAX airplane line with a maximum range of 3,850 nautical miles. (Photo by Stephen Brashear/Getty Images)

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Unlike Spirit, Southwest wants smaller planes—but can’t get them. The airline has modified its core operating model, which has worked for decades, introducing assigned seating, premium seating and baggage fees. This has brought Southwest closer to the strategy used by major network carriers, helping it adapt to current market conditions, but at the expense of its core brand differentiator.

Boeing plans to certify the 737 MAX 7 this year, with deliveries beginning next year. Southwest will be keen to deploy them.

Breeze Is Betting Big On Smaller AircraftWhile ultra-low-cost carriers have moved toward larger, high-density aircraft, one carrier is taking the opposite approach.

Breeze Airways, a venture of David Neeleman, founder of JetBlue Airways, serves underserved city pairs, with 57 Airbus A220s and eight Embraer 190s. The airline’s focus has been to employ more flexible aircraft than those favored by other low-cost competitors.

MORRISVILLE, NC - DECEMBER 27: A Breeze Airways plane at the gate at Terminal 1 at Raleigh-Durham International Airport (RDU) on December 27, 2025 in Morrisville, North Carolina. (Photo by Al Drago/Getty Images)

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Neeleman’s original concept for the airline emphasized the very advantage that Miller has highlighted: the ability to profitably connect smaller markets without relying on high passenger volumes. The market advantages are considerable.

“A lot of it is overflying hubs; where we can look at what the [daily passengers each way] PDEWs are and say ‘okay, well there’s 30 people to go between these two cities a day.’ If we lower the fare by half and can get them there twice as fast — which in some cases is even more important — instead of taking 4 hours to get you there, it’ll take an hour and 22 minutes to fly direct… People will go more often, and that’s been proven over and over again,” Neeleman told CrankyFlier in a 2020 interview, adding: “We have 500 routes we’re looking at, and there’s not one that I can think of that has another nonstop competitor on it…we’re very confident there’s a lot of opportunities.”

San Bernardino, CA - February 16: A Breeze Airways plane taxies to its gate at the San Bernardino International Airport, having successfully completed its inaugural flight from Las Vegas to San Bernardino on Thursday, Feb. 16, 2023.

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One opportunity Breeze snapped up quickly, following Spirit’s failure, was to sweep into Atlantic City, where Spirit had been the predominant carrier, adding four new routes.

Flying smaller aircraft may not address all the challenges facing established low-cost carriers, but it does open up new opportunities for competition. Spirit’s exit may provide some relief for the remaining U.S. airlines, which can now more comfortably increase fares in key markets. But Breeze seems best positioned to capitalize on markets that still lack adequate air service, offering U.S. flyers a refreshing alternative to hub connections—on less-crowded planes.

Key Takeaways ATRO posted Q1 2026 sales up 12% to $230.6M and EPS up 157.7% to $0.67.AIR added A320 slat repair in Thailand, expanding Airbus component MRO across APAC.AIR acquired Aircraft Reconfig Technologies to bring STC and PMA approvals in-house. Growing aircraft deliveries worldwide, expanding airline fleet and rising demand for maintenance, repair and overhaul (MRO) services continue to support growth in the aviation services space. A steady rebound in global air travel, coupled with ongoing defense modernization efforts, has further increased investor interest in aerospace companies such as Astronics Corporation (ATRO - Free Report) and AAR Corp. (AIR - Free Report) .

Astronics focuses on advanced aircraft electrical power systems, in-flight connectivity, lighting technologies and other solutions that enhance passenger experience and support cockpit upgrades across both commercial and military aircraft. Meanwhile, AAR operates as a broad aviation services provider, delivering aftermarket support, component repair, parts distribution and integrated solutions to commercial airlines, government agencies and defense customers globally.

As the industry benefits from technological advancements, increasing emphasis on operational efficiency and gradually improving supply-chain conditions, aerospace support companies are drawing greater investor attention. In this environment, ATRO and AIR stand out as notable players, prompting investors to ask: which stock currently presents the stronger investment opportunity?

Tailwinds for ATROAstronics continues to benefit from favorable trends across the commercial aerospace and defense markets, supported by increasing airline demand for improved onboard passenger experience and next-generation cabin technologies. With travelers relying more heavily on personal electronic devices during flights, airlines are increasingly investing in advanced in-seat power and connectivity solutions, aligning well with Astronics’ product portfolio.

The company’s strong momentum was evident in its first-quarter 2026 results, released in May 2026. Sales increased 12% year over year to $230.6 million, while earnings per share surged 157.7% to 67 cents, reflecting improving operational performance and healthy demand across its end markets.

Astronics has also continued to strengthen its product lineup through innovation. In April 2026, the company introduced the EmPower 1327-27 Dual USB-Type-C In-Seat Power Outlet, designed to provide faster charging capabilities and meet the increasing power requirements of modern travelers. As passengers become more dependent on smartphones, tablets and laptops during flights, reliable and high-speed charging solutions are becoming an increasingly important offering for airlines.

Further enhancing its onboard power solutions portfolio, Astronics launched the EmPower Qi21 Wireless Charging Module, which enables convenient wireless charging for both passengers and crew. The product reflects the aviation industry’s growing focus on seamless, cable-free cabin environments, which may support broader adoption of Astronics’ technologies over time.

Tailwinds for AIRAAR is benefiting from rising demand for aircraft maintenance, repair and upgrade services as airlines continue to modernize fleet and improve operational efficiency. The company is also expanding its service capabilities to strengthen its position in the aviation aftermarket industry.

In May 2026, AAR expanded its Component MRO offerings by adding A320 slat repair services in the Asia-Pacific region. Through its authorized service center in Chonburi, Thailand, the company broadened its Airbus component repair capabilities, which already include products such as rudders, flaps and sharklets. AAR also enhanced its tooling to support both A320neo and A320ceo aircraft, helping it offer a wider range of repair services to customers.

AAR is also growing through acquisitions. In April 2026, the company completed the acquisition of Aircraft Reconfig Technologies, an engineering company focused on passenger aircraft reconfiguration. This acquisition strengthens AAR’s engineering and certification capabilities and allows it to handle approvals such as supplemental type certificates and Parts Manufacturer Approval internally. As a result, AAR is expected to improve its aircraft cabin design, manufacturing and certification services while reducing dependence on third parties.

How Does the Zacks Consensus Estimate Compare for ATRO & AIR?The Zacks Consensus Estimate for ATRO’s 2026 sales and earnings per share (EPS) implies an improvement of 13.7% and 33.3%, respectively, from the year-ago quarter’s reported figures. ATRO’s 2027 EPS estimates have moved south over the past 60 days.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for AIR’s fiscal 2026 sales implies a year-over-year improvement of 17.7%, while that for EPS suggests a 27.1% surge. The stock’s fiscal 2026 and 2027 EPS estimates have improved over the past 60 days.

Image Source: Zacks Investment Research

Stock Price Performance: ATRO vs. AIRIn the past year, ATRO has outperformed AIR. While ATRO’s shares surged 166.8%, AIR rose 79.7%.

Image Source: Zacks Investment Research

AAR’s Valuation More Attractive Than AstronicsAstronics is trading at a premium, with its forward 12-month price/earnings of 29.71X being more than AIR’s forward price/earnings of 20.06X.

Image Source: Zacks Investment Research

Debt Performance: AIR & ATROATRO is highly debt-ridden when compared with AIR, as evident from the image below, which reflects its total debt-to-capital ratio. ATRO has a total debt-to-capital ratio of 67.44, while AIR has a total debt-to-capital ratio of 35.09.

Final CallBoth Astronics and AAR are benefiting from positive aerospace industry trends. However, AAR appears to be the better stock at the moment. The company is seeing strong demand for MRO services and is expanding its business through new service offerings and acquisitions. AAR also has stronger sales growth expectations, improving earnings estimates and a more attractive valuation, which support its growth outlook.

Astronics is also performing well, supported by healthy demand across commercial and defense markets and continued product innovation. However, the company carries higher debt and trades at a more expensive valuation compared with AAR. In addition, recent earnings estimate revisions favor AIR. Considering these factors, AAR looks like the stronger investment option between the two right now.

At present, AAR carries a Zacks Rank #2 (Buy), while Astronics carries a Zacks Rank #3 (Hold).

You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here.

Common and Class B shareholders to receive one Class B share for every 5 shares of Common Stock or Class B Stock held

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (Nasdaq: ATRO), a leading supplier of advanced technologies and products to the global aerospace, defense, and other mission critical industries, today announced a 20% stock distribution of Class B Stock to holders of both Common and Class B Stock. Shareholders will receive one share of Class B Stock for every five shares of Common and Class B Stock held on the record date of June 15, 2026. The Company expects the new shares of Class B Stock to be distributed on or about June 29, 2026. Fractional shares will be paid in cash.

Peter J. Gundermann, President and Chief Executive Officer of Astronics, commented, “We have a long history of ratably distributing Class B shares to all shareholders and our Board of Directors has elected to continue this custom. We believe it rewards our current shareholders and encourages long-term ownership and interest in Astronics.”

Astronics initially distributed shares of Class B Stock to Common and Class B shareholders in 1987, and this would make the fifteenth distribution since that time. After the distribution, approximately 32.1 million Common and 10.9 million Class B shares are expected to be outstanding.

Astronics’ Class B Stock is entitled to ten votes per share while its Common Stock is entitled to one vote per share. The economic value of one share of Class B Stock is equivalent to one share of Common Stock. Class B Stock is not a tradable security, but is convertible at any time and without cost to the shareholder, into one share of Astronics Corporation Common Stock, which is tradable and provides shareholders of Class B Stock access to the market. Subject to certain exceptions specified in our Restated Certificate of Incorporation, as amended, shares of Class B Stock automatically convert into an equal number of shares of Common Stock upon transfer.

Information regarding the Class B Stock distribution and instructions to convert Class B Stock into Common Stock can be found in the Frequently Asked Questions page of the Investor Relations section of the Astronics website at investors.astronics.com. Registered shareholders and brokers may contact the Company’s transfer agent, EQ Shareowner Services at (800) 468-9716, regarding the conversion of Class B Stock to Common Stock. EQ Shareowner Services is the agent for the distribution.

ABOUT ASTRONICS CORPORATION

Astronics Corporation (Nasdaq: ATRO) serves the world’s aerospace, defense, and other mission-critical industries with proven innovative technology solutions. Astronics works side-by-side with customers, integrating its array of power, connectivity, lighting, structures, interiors, and test technologies to solve complex challenges. For over 50 years, Astronics has delivered creative, customer-focused solutions with exceptional responsiveness. Today, global airframe manufacturers, airlines, military branches, completion centers, and Fortune 500 companies rely on the collaborative spirit and innovation of Astronics. The Company’s strategy is to increase its value by developing technologies and capabilities that provide innovative solutions to its targeted markets.

Additional information on Astronics and its solutions can be found at Astronics.com.

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On April 21, 2026, FTAI Aviation Ltd FTAI shares fell 8.1%, bringing the current price to $236.74. This decline is part of a broader trend, with shares down 12.2% over the past week, despite a strong year-to-date performance of 20.5%. Over the past year, FTAI has seen remarkable growth, with an increase of 173.3%, although it has fluctuated significantly, hitting a 52-week high of $323.51 and a low of $85.23.

GF Value™ verdict: Current price of $236.74 is 42.1% above the estimated fair value of $166.61.GF Score™ of 83/100 indicates a strong overall performance relative to peers.Notable signal: Insiders sold $3.0M in shares over the last three months, with no buying activity reported. Is FTAI Overvalued or Undervalued? FTAI Aviation Ltd's current price of $236.74 is substantially higher than the GF Value™ estimate of $166.61, indicating that the stock is 42.1% overvalued. This discrepancy suggests a significant margin of safety for potential investors, highlighting a risk for current shareholders as the market may correct this valuation disparity. The GF Valuation label classifies the stock as "Significantly Overvalued," which raises concerns about future price adjustments that could lead to a decline in the stock value.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. As such, the current overvaluation signals a potential risk for investors, as the market may eventually align the stock price closer to its intrinsic value, leading to a possible downward correction in the future.

How Does FTAI's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 51.2x 41.9x Forward P/E 33.4x - The current P/E (TTM) of 51.2x is significantly above its 5-year median P/E of 41.9x, indicating that FTAI is trading at a higher valuation compared to its historical averages. This analysis aligns with the GF Value™ verdict that suggests the stock is overvalued, reinforcing concerns about the sustainability of current price levels.

What Does FTAI's GF Score™ Tell Us? Metric Rating GF Score™ 83 Financial Strength 4/10 Profitability 7/10 Growth 10/10 Valuation 3/10 Momentum 6/10 The GF Score™ of 83/100 indicates that FTAI Aviation Ltd is performing strongly overall, particularly in the Growth category, where it scored a perfect 10/10. However, its Financial Strength rating of 4/10 and Valuation rating of 3/10 highlight significant weaknesses that could pose risks for long-term stability and growth. The solid profitability rank of 7/10 suggests that while the company is performing well financially, its valuation metrics raise concerns about future returns.

What Are Insiders Doing with FTAI Stock? Recently, insider activity at FTAI has shown a trend of selling, with insiders offloading approximately $3.0 million in shares over the past three months and no reported buying. This pattern of selling may suggest a lack of confidence in the stock's current valuation or future performance potential. Such insider selling can serve as a cautionary signal for external investors, indicating that those with intimate knowledge of the company may not view the stock's current price as favorable.

What This Means for Investors Based on the GF Value™ assessment, FTAI Aviation Ltd is currently overvalued. Given the significant gap between the market price and the estimated intrinsic value, potential investors may need to exercise caution and consider the risks associated with the current valuation before making investment decisions.

For the complete analysis, visit the FTAI Aviation Ltd FTAI stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is FTAI's GF Score™?

FTAI's GF Score™ is 83/100, indicating a strong overall performance relative to its peers, suggesting potential for long-term returns.

Is FTAI overvalued or undervalued?

FTAI is currently overvalued, with a GF Value™ estimate indicating a fair value of $166.61 compared to its market price of $236.74.

What is FTAI's P/E ratio?

FTAI's P/E (TTM) is 51.2x, which is above its 5-year median P/E of 41.9x, confirming the stock's overvaluation based on historical metrics.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Investors might want to bet on FTAI Aviation (FTAI - Free Report) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.

The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.

As such, the Zacks rating upgrade for FTAI Aviation is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.

Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for FTAI Aviation imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.

Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for FTAI AviationFor the fiscal year ending December 2026, this transportation infrastructure company is expected to earn $7.21 per share, which is unchanged compared with the year-ago reported number.

Analysts have been steadily raising their estimates for FTAI Aviation. Over the past three months, the Zacks Consensus Estimate for the company has increased 6.8%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of FTAI Aviation to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. FTAI Aviation (FTAI - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.

FTAI Aviation is one of 67 individual stocks in the Aerospace sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. FTAI Aviation is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for FTAI's full-year earnings has moved 6.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, FTAI has gained about 9.7% so far this year. Meanwhile, stocks in the Aerospace group have lost about 2.9% on average. As we can see, FTAI Aviation is performing better than its sector in the calendar year.

Another stock in the Aerospace sector, Textron (TXT - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 1.1%.

Over the past three months, Textron's consensus EPS estimate for the current year has increased 0.7%. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, FTAI Aviation belongs to the Aerospace - Defense Equipment industry, a group that includes 37 individual stocks and currently sits at #157 in the Zacks Industry Rank. Stocks in this group have gained about 0.8% so far this year, so FTAI is performing better this group in terms of year-to-date returns.

Textron, however, belongs to the Aerospace - Defense industry. Currently, this 29-stock industry is ranked #83. The industry has moved -4.3% so far this year.

Going forward, investors interested in Aerospace stocks should continue to pay close attention to FTAI Aviation and Textron as they could maintain their solid performance.

NEW YORK, April 29, 2026 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI) (the “Company” or “FTAI”) today reported financial results for the first quarter 2026. The Company’s consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release.

Financial Overview

(in thousands, except per share data)   Selected Financial Results Q1’26 Net Income Attributable to Shareholders $134,190 Basic Earnings per Ordinary Share $1.31 Diluted Earnings per Ordinary Share $1.29 Adjusted EBITDA (1) $325,577     (1) For definitions and reconciliations of non-GAAP measures, please refer to the exhibit to this press release.    First Quarter 2026 Dividends

On April 28, 2026, the Company’s Board of Directors (the “Board”) declared a cash dividend on its ordinary shares of $0.45 per share for the quarter ended March 31, 2026, payable on May 26, 2026 to the holders of record on May 13, 2026.

Additionally, on April 28, 2026, the Board declared cash dividends on its Fixed-Rate Reset Series C Cumulative Perpetual Redeemable Preferred Shares (“Series C Preferred Shares”) and Fixed-Rate Reset Series D Cumulative Perpetual Redeemable Preferred Shares (“Series D Preferred Shares”) of $0.51563 and $0.59375 per share, respectively, for the quarter ended March 31, 2026, payable on June 15, 2026 to the holders of record on June 1, 2026.

Business Highlights

Generated Aerospace Products Revenue of $743.8 million and Adjusted EBITDA of $222.6 million in Q1 2026, an increase of 104% and 70%, respectively, compared to Q1 2025.(1)Amended and extended existing revolving credit facility with the support of a 15 lender syndicate, increasing total commitments from $400 million to $2.025 billion and extending maturity to April 2031.Upsized SCI I warehouse financing facility from $2.5 billion to $3.5 billion to support the remaining deployment of the vehicle.Announced a strategic packaging and distribution joint venture with Jereh Group, a global leader in gas turbine mobile packaging, to support the planned 2027 production target of 100 Mod-1 CFM56 aeroderivative units.(2)Increased quarterly dividend for the third consecutive quarter, raising it from $0.40 to $0.45 per share, supported by continued strong free cash flow generation. “FTAI delivered another quarter of strong execution across all three of our platforms, led by continued momentum in our core Aerospace Products offering and an expanding, increasingly diverse customer base,” said Joe Adams, Chairman and CEO. “End market demand remains robust, and our team executed well as we continue to scale the business. With a further strengthened balance sheet and significant capital available to deploy, we are well positioned to pursue attractive opportunities we see in the market to deliver sustained growth and long-term value creation for our shareholders in 2026 and beyond.”

(1) For definitions and reconciliations of non-GAAP measures, please refer to the exhibit to this press release.

(2) This is a forward-looking statement. Please see Cautionary Note Regarding Forward-Looking Statements below.

Additional Information

For additional information that management believes to be useful for investors, please refer to the presentation posted on the Investor Center section of the Company’s website, https://www.ftaiaviation.com/, and the Company’s Annual Report on Form 10-K and Quarterly Report on Form 10-Q, when available on the Company’s website. Nothing on the Company’s website is included or incorporated by reference herein.

Conference Call

In addition, management will host a conference call on Thursday, April 30, 2026 at 8:00 A.M. Eastern Time. The conference call may be accessed by registering via the following link https://register-conf.media-server.com/register/BI473c73de9b164133be498d6715eae345. Once registered, participants will receive a dial-in and unique pin to access the call.

A simultaneous webcast of the conference call will be available to the public on a listen-only basis at https://www.ftaiaviation.com/. Please allow extra time prior to the call to visit the site and download the necessary software required to listen to the internet broadcast.

A replay of the conference call will be available after 11:30 A.M. on Thursday, April 30, 2026 through 11:30 A.M. on Thursday, May 7, 2026 on https://ir.ftaiaviation.com/news-events/presentations/.

The information contained on, or accessible through, any websites included in this press release is not incorporated by reference into, and should not be considered a part of, this press release.

About FTAI Aviation Ltd.

FTAI combines advanced turbine technology and asset ownership to power the world’s most essential markets. Additional information is available at https://www.ftaiaviation.com/.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, whether SCI I will be able to complete deployment of capital, FTAI Power remaining on track to deliver FTAI Mod-1 and meet planned production of 100 units on time or at all, and the ability to create sustained growth and long-term value creation for our shareholders in 2026 and beyond. These statements are based on management's current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, many of which are beyond the Company’s control. The Company can give no assurance that its expectations will be attained and such differences may be material. Accordingly, you should not place undue reliance on any forward-looking statements contained in this press release. For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are available on the Company’s website (www.ftaiaviation.com). In addition, new risks and uncertainties emerge from time to time, and it is not possible for the Company to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Such forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or change in events, conditions, or circumstances on which any statement is based. This release shall not constitute an offer to sell or the solicitation of an offer to buy any securities.

For further information, please contact:Alan Andreini
Investor Relations
FTAI Aviation Ltd.
(646) 734-9414
[email protected]

Media:Tim Lynch / Aaron Palash / Kelly Sullivan
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449

   Exhibit - Financial Statements

 FTAI AVIATION LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
(Dollar amounts in thousands, except share and per share data)
  Three Months Ended March 31,  2026   2025 Revenues   Aerospace products revenue$522,585  $264,425 MRE Contract revenue 221,230   100,638 Lease income 39,892   68,440 Maintenance revenue 30,599   49,607 Asset sales revenue 10,184   18,939 Other revenue (1) 6,207   31 Total revenues 830,697   502,080     Expenses   Cost of sales 524,268   248,714 Operating expenses 64,987   32,438 General and administrative 2,413   3,116 Acquisition and transaction expenses 16,361   7,292 Depreciation and amortization 52,289   59,562 Total expenses 660,318   351,122     Other (expense) income   Interest expense (61,407)  (62,040)Equity in losses of unconsolidated entities (2) (2,363)  (7,614)Gain on sale to the 2025 Partnership 15,168   10,870 Other income 47,582   33,071 Total other expense (1,020)  (25,713)Income before income taxes 169,359   125,245 Provision for income taxes 31,460   22,859 Net income  137,899   102,386 Less: Dividends on preferred shares 3,709   6,115 Less: Loss on redemption of preferred shares —   6,327 Net income attributable to shareholders$134,190  $89,944     Earnings per share:   Basic$1.31  $0.88 Diluted$1.29  $0.87     Weighted average shares outstanding:   Basic 102,575,500   102,552,436 Diluted 104,255,902   103,159,051  (1) Includes servicing fees of $5,861 and $0 for the three months ended March 31, 2026 and 2025, respectively, from the 2025 Partnership.

(2) Includes the profit elimination of $(10,000) and $(6,950) for the three months ended March 31, 2026 and 2025, respectively, for sales to the 2025 Partnership.

 FTAI AVIATION LTD.
CONSOLIDATED BALANCE SHEETS
(Dollar amounts in thousands, except share and per share data)
  (Unaudited)   March 31, 2026 December 31, 2025Assets   Current Assets   Cash and cash equivalents$412,240 $300,476Accounts receivable, net (1) 176,873  209,907Inventory, net 1,364,256  1,193,773Assets held for sale 75,703  —Other current assets (2) 561,202  408,364Total current assets 2,590,274  2,112,520Leasing equipment, net 1,248,793  1,545,804Property, plant, and equipment, net 122,136  120,068Investments 313,039  314,156Intangible assets, net 12,872  19,929Goodwill 94,221  94,221Other non-current assets 147,576  167,060Total assets$4,528,911 $4,373,758    Liabilities   Current Liabilities    Accounts payable$203,751 $208,224Accrued liabilities 136,503  90,009Current maintenance deposits 21,546  25,439Current security deposits 12,354  14,001Liabilities held for sale 23,420  —Other current liabilities 96,774  62,202Total current liabilities 494,348  399,875Long-term debt, net 3,451,087  3,448,891Non-current maintenance deposits 21,764  46,237Non-current security deposits 9,003  15,211Other non-current liabilities 121,033  129,370Total liabilities$4,097,235 $4,039,584    Commitments and contingencies       Equity   Ordinary shares ($0.01 par value per share; 2,000,000,000 shares authorized; 102,580,660 and 102,573,283 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively)$1,026 $1,026Preferred shares ($0.01 par value per share; 200,000,000 shares authorized; 6,800,000 and 6,800,000 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively) 68  68Additional paid in capital 54,911  50,567Retained earnings 375,671  282,513Shareholders' equity 431,676  334,174Total liabilities and equity$4,528,911 $4,373,758 (1) Includes accounts receivable from the 2025 Partnership of $35,422 and $47,294 as of March 31, 2026 and December 31, 2025, respectively.

(2) Includes receivables from the 2025 Partnership of $18,908 and $20,681 as of March 31, 2026 and December 31, 2025, respectively.

Key Performance Measures

In addition to net income (loss), the Chief Operating Decision Maker (“CODM”), who is the Company’s Chief Executive Officer, utilizes Adjusted EBITDA as a key performance measure. Adjusted EBITDA is not a financial measure in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). This performance measure provides the CODM with the information necessary to assess operational performance and make resource and allocation decisions. We believe Adjusted EBITDA is a useful metric for investors and analysts for similar purposes of assessing our operational performance.

Adjusted EBITDA is defined as net income (loss) attributable to shareholders, adjusted (a) to exclude the impact of provision for (benefit from) income taxes, equity-based compensation expense, acquisition and transaction expenses, losses on the modification or extinguishment of debt and preferred shares and capital lease obligations, asset impairment charges, incentive allocations, depreciation and amortization expense, interest expense and dividends on preferred shares, internalization fee to affiliate, (b) to include the impact of our pro-rata share of Adjusted EBITDA from unconsolidated entities and (c) to exclude the impact of equity in earnings (losses) of unconsolidated entities, if any.

Reconciliations of forward-looking non-GAAP financial measures to their most directly comparable GAAP financial measures are not included in this press release because the most directly comparable GAAP financial measures are not available on a forward-looking basis without unreasonable effort.

The following table sets forth a reconciliation of net income attributable to shareholders to Adjusted EBITDA for the three months ended March 31, 2026 and 2025:

 Three Months Ended
March 31, Change
(in thousands) 2026   2025 Net income attributable to shareholders$134,190  $89,944 $44,246 Add: Provision for income taxes 31,460   22,859  8,601 Add: Equity-based compensation expense 6,347   4,889  1,458 Add: Acquisition and transaction expenses 16,361   7,292  9,069 Add: Losses on the modification or extinguishment of debt and preferred shares and capital lease obligations —   6,327  (6,327)Add: Asset impairment charges —   —  — Add: Incentive allocations —   —  — Add: Depreciation and amortization expense (1) 59,513   68,387  (8,874)Add: Interest expense and dividends on preferred shares 65,116   68,155  (3,039)Add: Internalization fee to affiliate —   —  — Add: Pro-rata share of Adjusted EBITDA from unconsolidated entities (2) 20,227   41  20,186 Less: Equity in (earnings) losses of unconsolidated entities (3) (7,637)  664  (8,301)Adjusted EBITDA (non-GAAP)$325,577  $268,558 $57,019  (1) Includes the following items for the three months ended March 31, 2026 and 2025: (i) depreciation and amortization expense of $52,289 and $59,562, (ii) lease intangible amortization of $337 and $3,206, and (iii) amortization for lease incentives of $6,887 and $5,619, respectively.

(2) Includes the following items for the three months ended March 31, 2026 and 2025: (i) net income of $7,637 and net loss of $664, (ii) interest expense of $3,496 and $0, (iii) depreciation and amortization expense of $9,067 and $158, (iv) acquisition and transaction expenses of $0 and $547, and (v) tax expense of $27 and $0, respectively.

(3) Excludes the profit elimination of $10,000 and $6,950 for the three months ended March 31, 2026 and 2025, respectively, for sales to the 2025 Partnership.

In addition, the following table sets forth a reconciliation of net income attributable to shareholders to Adjusted EBITDA for Aerospace Products for the three months ended March 31, 2026 and 2025:

 Three Months Ended
March 31, Change
(in thousands) 2026   2025  Net income attributable to shareholders$183,735  $106,643  $77,092 Add: Provision for income taxes 33,697   19,375   14,322 Add: Equity-based compensation expense 27   155   (128)Add: Acquisition and transaction expenses (15)  1,132   (1,147)Add: Losses on the modification or extinguishment of debt and preferred shares and capital lease obligations —   —   — Add: Asset impairment charges —   —   — Add: Incentive allocations —   —   — Add: Depreciation and amortization expense 4,678   3,584   1,094 Add: Interest expense and dividends on preferred shares —   —   — Add: Internalization fee to affiliate —   —   — Add: Pro-rata share of Adjusted EBITDA from unconsolidated entities (1) 414   169   245 Less: Equity in losses (earnings) of unconsolidated entities 40   (113)  153 Adjusted EBITDA (non-GAAP)$222,576  $130,945  $91,631  (1) Includes the following items for the three months ended March 31, 2026 and 2025: (i) net loss of $40 and net income of $113, (ii) depreciation and amortization expense of $427 and $56, and (iii) tax expense of $27 and $0, respectively.

U.S. dollar banknotes are seen in this illustration taken March 24, 2026. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab

SummaryCompaniesOf the $1.5 billion purchase price, $785 million is assumed debtDeal supports MARA's pivot to digital infrastructure and powerNEW YORK, April 30 (Reuters) - MARA Holdings (MARA.O), opens new tab told Reuters on Thursday it will buy Long Ridge Energy & Power from ‌FTAI Infrastructure (FIP.O), opens new tab for $1.5 billion including debt, a major step in the bitcoin miner's push to reposition as a digital infrastructure and energy company.

Having been one of the largest companies mining and holding bitcoins in recent years, its shift towards ​digital infrastructure and the energy generation needed to power it comes as AI demand and ​advancements surge.

The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.

While its previous focus on cryptocurrencies is complementary to its revised strategy, MARA ⁠is increasingly looking to own energy assets to ensure it has sufficient power for data center ​development.

IDEAL ASSET FOR NEW STRATEGYThe acquisition of Long Ridge Energy represents a significant step in this evolution.

Long Ridge ​owns a 505-megawatt combined cycle natural gas power plant in Hannibal, Ohio, as well as more than 1,600 contiguous acres of land, upon which MARA plans to build a data center powered by the plant, the company said.

"It has ​all the key components for us, for the ideal data center campus," MARA Chief Executive Fred Thiel ​said in an interview.

He said the plant was highly efficient due to its relatively young age -- construction was completed ‌in 2021 -- ⁠and noted the land was already permitted for industrial use, reducing a major hurdle to data center development.

Thiel said MARA had already attracted interest from a number of potential tenants, including hyperscalers -- firms that provide massive cloud-computing capacity -- to lease space at the planned data center. He said the company expects ​to have a tenant lined ​up around the time ⁠the deal closes.

The acquisition is expected to close later in 2026, depending on regulatory approvals including from the Federal Energy Regulatory Commission (FERC).

ASSETS TO PROVIDE INSTANT ​CASHThe $1.5 billion transaction includes the assumption of around $785 million in existing debt, and ​the Long ⁠Ridge power assets generate annualized adjusted earnings of around $144 million, the company said.

This provides MARA with cash flow ahead of contributions from the data center project.

Thiel said MARA's ownership would not change the amount of power ⁠that Long ​Ridge provides to retail consumers.

Concerns are mounting across the United States ​about the strain data center development could place on the electric grid, with the PJM transmission region -- where the plant is ​located -- considered among the most at risk for disruption.

Reporting by David French in New York Editing by Bernadette Baum

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Shares in FTAI Aviation (FTAI 3.42%) shot higher by more than 15% by 3 p.m. today after the market digested its excellent first quarter 2026 earnings report and guidance. Moreover, there's reason to believe its end-market environment could improve throughout the year.

The company's core business is Maintenance, Repair, and Overhaul (MRO) of legacy aircraft engines, such as CFM International's CFM56. CFM is a GE Aerospace (GE 3.55%) joint venture, and FTAI and CFM have a multiyear agreement in place under which FTAI will MRO CFM56 engines; the benefit to GE Aerospace and its joint venture partner, Safran, is that they are guaranteed a market for their high-margin aftermarket equipment.

Today's Change

(

-3.42

%) $

-7.99

Current Price

$

225.76

In addition, FTAI is set to launch FTAI Power in the fourth quarter of 2026, an exciting business that will convert CFM56 engines into power turbines to power data centers.

Why the stock soared today The recent results saw management confirm its full-year guidance, but it's not just about 2026 for the company, with CEO Joseph Adams noting that "Based on these conversations stand today, we expect to be mostly sold out of our 2027 target production in the near term with a meaningful portion of 2028 spoken for."

It's a strong outlook, but it could get even better if engine retirements increase due to slowing growth in flight departures amid the war in the Persian Gulf. It's a subject that came up extensively on GE Aerospace's recent earnings presentations. More engine retirements would make it easier and cheaper for FTAI to acquire parts from retired engines for its core business. In addition, it will also support its FTAI Power business.

Image source: Getty Images.

Given the commentary on a sold-out production, investors know FTAI has strong revenue growth prospects, and a potential cost reduction would also boost its margins.

Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends GE Aerospace. The Motley Fool has a disclosure policy.

On May 11, 2026, FTAI Aviation Ltd FTAI shares rose 3.7% to a current price of $280.36. Over the past week, the stock has performed well, increasing by 16.8%, and it has shown a remarkable rise of 163.9% over the last year. The stock has a 52-week range of $105.59 to $323.51.

GF Value™ verdict: FTAI is currently priced at $280.36, which is 42.7% above the GF Value™ estimate of $196.42.GF Score™: 87/100, indicating a strong overall performance based on key financial metrics.Most notable signal: Insiders sold $64.6M in stock over the last 3 months with no buying activity. Is FTAI Overvalued or Undervalued? Based on the GF Value™ analysis, FTAI is significantly overvalued at its current price of $280.36, which is 42.7% higher than the GF Value™ estimate of $196.42. This suggests that there may be limited margin of safety for potential investors, as the current price is well above intrinsic value. The GF Valuation label indicates that the stock is significantly overvalued, which raises a cautionary flag for those considering entering a position at this price level. The high valuation may expose investors to potential downside risk if the market corrects or if the company fails to meet future growth expectations.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.

How Does FTAI's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 55.6x 42.4x Forward P/E 42.6x - Currently, FTAI's P/E ratio stands at 55.6x, which is significantly above its 5-year median P/E of 42.4x, reflecting that the stock is trading at a higher valuation compared to its historical averages. The forward P/E ratio of 42.6x suggests that while future earnings may be more reasonably priced, the current P/E analysis aligns with the GF Value™ verdict indicating that the stock remains overvalued.

What Does FTAI's GF Score™ Tell Us? Metric Rating GF Score™ 87/100 Financial Strength 5/10 Profitability 7/10 Growth 10/10 Valuation 5/10 Momentum 6/10 The GF Score™ of 87/100 reflects a strong position for FTAI, particularly in terms of growth, where it achieved a perfect score of 10/10. However, the financial strength rating of 5/10 indicates a need for improvement in this area, suggesting potential vulnerabilities. Overall, the strong growth potential juxtaposed with moderate financial strength presents a mixed view of the company's stability moving forward.

What Are Insiders Doing with FTAI Stock? Recent insider activity at FTAI has shown a significant trend towards selling, with insiders offloading a total of $64.6 million in shares over the past three months, and no recorded buying activity. This heavy selling by insiders may suggest a lack of confidence in the current valuation or future performance of the company, which could be a red flag for potential investors. Insider sentiment can be a critical indicator of a company’s outlook, and the lack of buying activity raises questions about the optimism regarding the stock's future.

What This Means for Investors Based on the GF Value™ assessment, FTAI Aviation Ltd FTAI is currently overvalued. The current trading price is significantly higher than the intrinsic value estimated by GF Value™, indicating potential risks for investors considering the stock at this valuation level.

For the complete analysis, visit the FTAI Aviation Ltd FTAI stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is FTAI's GF Score™?

FTAI's GF Score™ is 87/100, indicating a strong overall performance based on key financial metrics.

Is FTAI overvalued or undervalued?

FTAI is currently overvalued, with a price that is 42.7% above its GF Value™ estimate.

What is FTAI's P/E ratio?

FTAI's P/E ratio is 55.6x, which is significantly higher than its 5-year median P/E of 42.4x, indicating that the stock is trading at an elevated valuation compared to its historical averages.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

$612 Million Issuance Backed by Aircraft Receives Strong Investor Reception and Marks Strategic Entry into ABS Capital Markets May 22, 2026 06:30 ET  | Source: FTAI Aviation Ltd.

NEW YORK, May 22, 2026 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI; the “Company” or “FTAI”) today announced the successful pricing of its Strategic Capital vehicle’s inaugural asset-backed securitization, FTAI MRE 2026-1. The offering consists of $612 million of notes backed by a portfolio of 48 A320ceo and 737NG aircraft on-lease to 23 airlines globally. FTAI MRE 2026-1 will issue two classes of investment grade notes, with the Series A notes expected to be rated Asf / A(sf) by Fitch and KBRA, respectively, and the Series B notes expected to be rated BBB+sf by Fitch. The transaction is expected to close on June 4, 2026.

The aircraft backing the ABS are owned by FTAI’s first Strategic Capital vehicle, which completed its fundraising in October 2025 with $2.0 billion of equity commitments and currently owns 292 aircraft. The transaction generated strong investor demand, reflecting FTAI’s longstanding leadership in the narrowbody aircraft market, with both classes of notes significantly oversubscribed.

“This inaugural securitization is an important milestone for FTAI and our Strategic Capital vehicles as we diversify our financing sources and deepen our presence in the capital markets,” said Kallie Steffes, Head of Strategic Capital at FTAI. “We believe the strong investor interest in the offering is an affirmation of our differentiated approach to investing in narrowbody aircraft, which combines FTAI’s leading engine maintenance capabilities with aircraft ownership. We are grateful to the ATLAS SP Partners and Deutsche Bank teams for their partnership since the launch of our initial warehouse through this ABS issuance.”

ATLAS SP Partners and Deutsche Bank served as joint structuring agents and joint lead bookrunners on the transaction. BNP Paribas, Citigroup and PNC Capital Markets served as joint bookrunners and Standard Chartered Bank and KeyBanc Capital Markets served as co-managers.

Gibson, Dunn & Crutcher LLP served as issuer’s counsel, Milbank LLP served as initial purchaser’s counsel and McGuireWoods LLP served as servicer’s counsel. Alton Aviation Consultancy will serve as maintenance support provider, and Collateral Verifications, AISI and mba Aviation will serve as appraisers. Pivotal Corporate AMS Limited will serve as managing agent and UMB Bank will serve as security trustee.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, expected timing for closing the ABS transaction, if at all, and the ability to successfully complete acquisitions for which we have letters of intent or “LOIs” which are reflected in the 292 owned aircraft. These statements are based on management's current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, many of which are beyond the Company’s control. The Company can give no assurance that its expectations will be attained and such differences may be material. Accordingly, you should not place undue reliance on any forward-looking statements contained in this press release. For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are available on the Company’s website (www.ftaiaviation.com). In addition, new risks and uncertainties emerge from time to time, and it is not possible for the Company to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Such forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or change in events, conditions, or circumstances on which any statement is based. This release shall not constitute an offer to sell or the solicitation of an offer to buy any securities. Nothing on the Company’s website is included or incorporated by reference herein.

About FTAI

FTAI combines advanced turbine technology and asset ownership to power the world’s most essential markets. Additional information is available at https://www.ftaiaviation.com.

For further information, please contact:
Alan Andreini
Investor Relations
FTAI Aviation Ltd.
(646) 734-9414
[email protected]

Media:
Tim Lynch / Kelly Sullivan
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449

FTAI Aviation is innovatively leveraging jet engine cores to address the urgent power needs of data centers amid an energy bottleneck. FTAI's new power segment, repurposing CFM56 engines, could add 30% to company value by 2027, with significant upside if unit deliveries meet targets. The stock is rated Buy, with a $393 price target (57% upside) based on 25 power units sold in 2027; risk increases as FTAI enters the energy sector.

NEW YORK, April 27, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Willis Lease Finance Corporation’s (NASDAQ: WLFC) board of directors as well as executive chairman Charles F. Willis, IV (as the controlling shareholder) for potential breaches of their fiduciary duties to shareholders in connection with WLFC’s past and ongoing practices of paying potentially excessive compensation to Mr. Willis.

If you are a current shareholder of Willis Lease Finance, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/willis-lease-investigation

Why is Willis Lease Finance being Investigated?

Willis Lease is “effectively controlled” by Charles F. Willis, IV, who founded the company in 1985 and owns approximately 40% of the company’s stock. Willis Lease’s board of directors consists of Mr. Willis, his son (who serves as the CEO of Willis Lease), and three additional directors (who are purportedly independent and constitute the Company’s compensation committee).

In fiscal year 2022, Mr. Willis received compensation totaling approximately $6.2 million. In fiscal year 2023, he received compensation totaling approximately $10.7 million. In fiscal year 2024, he received compensation totally approximately $14.0 million. In fiscal year 2025, he received compensation totaling approximately $14.2 million. Over half of Mr. Willis’ total compensation for these years has been in the form of stock awards.

In 2024, the Company’s board of directors issued additional “one-time performance” stock awards to the Company’s executives, including an unexplained double-issuance of stock options worth $23.9 million to Mr. Willis.

Despite this substantial compensation, on November 10, 2025, Willis Lease’s compensation committee awarded Mr. Willis an option grant to purchase up to 300,000 shares of Willis Lease common stock “intended to retain and incentivize Mr. Willis to continue in the role of Executive Chairman” with a four-year vesting period and an exercise price linked to Willis Lease’s stock price at the time of the option grant. In the months following this option grant, Willis Lease’s stock price has risen significantly, giving the options significant value to Mr. Willis.

BFA is investigating whether Willis Lease’s compensation to Charles F. Willis, IV, represents excessive or wasteful compensation, and whether the Company’s board of directors, together with Charles F. Willis, IV (as the controlling shareholder) have breached their fiduciary duties to Willis Lease’s stockholders in connection with the compensation.

Click here for more information: https://www.bfalaw.com/cases/willis-lease-investigation

What Can You Do?

If you are a current holder of Willis Lease Finance Corporation stock, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/willis-lease-investigation

Or contact:
Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/willis-lease-investigation

Attorney advertising. Past results do not guarantee future outcomes.

NEW YORK, May 01, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Willis Lease Finance Corporation’s (NASDAQ: WLFC) board of directors as well as executive chairman Charles F. Willis, IV (as the controlling shareholder) for potential breaches of their fiduciary duties to shareholders in connection with WLFC’s past and ongoing practices of paying potentially excessive compensation to Mr. Willis.

If you are a current shareholder of Willis Lease Finance, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/willis-lease-investigation

Why is Willis Lease Finance being Investigated?

Willis Lease is “effectively controlled” by Charles F. Willis, IV, who founded the company in 1985 and owns approximately 40% of the company’s stock. Willis Lease’s board of directors consists of Mr. Willis, his son (who serves as the CEO of Willis Lease), and three additional directors (who are purportedly independent and constitute the Company’s compensation committee).

In fiscal year 2022, Mr. Willis received compensation totaling approximately $6.2 million. In fiscal year 2023, he received compensation totaling approximately $10.7 million. In fiscal year 2024, he received compensation totally approximately $14.0 million. In fiscal year 2025, he received compensation totaling approximately $14.2 million. Over half of Mr. Willis’ total compensation for these years has been in the form of stock awards.

In 2024, the Company’s board of directors issued additional “one-time performance” stock awards to the Company’s executives, including an unexplained double-issuance of stock options worth $23.9 million to Mr. Willis.

Despite this substantial compensation, on November 10, 2025, Willis Lease’s compensation committee awarded Mr. Willis an option grant to purchase up to 300,000 shares of Willis Lease common stock “intended to retain and incentivize Mr. Willis to continue in the role of Executive Chairman” with a four-year vesting period and an exercise price linked to Willis Lease’s stock price at the time of the option grant. In the months following this option grant, Willis Lease’s stock price has risen significantly, giving the options significant value to Mr. Willis.

BFA is investigating whether Willis Lease’s compensation to Charles F. Willis, IV, represents excessive or wasteful compensation, and whether the Company’s board of directors, together with Charles F. Willis, IV (as the controlling shareholder) have breached their fiduciary duties to Willis Lease’s stockholders in connection with the compensation.

Click here for more information: https://www.bfalaw.com/cases/willis-lease-investigation

What Can You Do?

If you are a current holder of Willis Lease Finance Corporation stock, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/willis-lease-investigation

Or contact:
Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/willis-lease-investigation

Attorney advertising. Past results do not guarantee future outcomes.

Declares Second Quarter 2026 Dividend of $0.40 Per Share May 05, 2026 06:31 ET  | Source: Willis Lease Finance Corp.

COCONUT CREEK, Fla., May 05, 2026 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”), the leading lessor of commercial aircraft engines and global provider of aviation services, today announced its financial results for the first quarter ended March 31, 2026. The Company also announced a quarterly dividend of $0.40 per share of common stock outstanding. The dividend is expected to be paid on May 22, 2026 to shareholders of record at the close of business on May 11, 2026.

First Quarter 2026 Highlights (All metrics compared to first quarter 2025, except where noted)

Quarterly total revenue of $194.3 million, an increase of 23.2%Income from operations of $33.8 million, an increase of 41.4%Quarterly pre-tax income of $36.8 million, an increase of 45.9%Diluted weighted average income per common share of $3.26, an increase of 47.5%Record high quarterly lease rent revenue of $77.4 million, an increase of 14.2%Record high quarterly maintenance services revenue of $9.8 million, an increase of 74.9%Gain on sale of leased equipment of $18.0 million, and increase of 304.8%Net income attributable to common shareholders of $23.7 million, an increase of 52.9%Adjusted EBITDA of $123.8 million, an increase of 19.9%Portfolio utilization increased to 85.8% at quarter end, compared to 79.9% For the three months ended March 31, 2026, total revenue was $194.3 million, up 23.2% as compared to $157.7 million for the same period in 2025. For the first quarter of 2026, core lease rent and maintenance reserve revenues were $132.9 million in the aggregate, up 8.4% as compared to $122.6 million for the same period in 2025. The growth was predominantly driven by core lease and maintenance revenues associated with the continued strength of the aviation marketplace, as airlines leverage the Company’s extensive portfolio of in-demand engines as well as our parts and maintenance capabilities to avoid protracted, expensive engine shop visits.

“In the first quarter we outperformed nearly every revenue and earnings metric compared to Q1 2025,” said Austin Willis, CEO of WLFC, “and, thanks to the capital strategy we executed, we are poised for significant growth.”

First Quarter 2026 Operating Results

Lease rent revenue increased by $9.6 million, or 14.2%, to $77.4 million in the three months ended March 31, 2026 from $67.7 million for the three months ended March 31, 2025. The increase is due to an increase in the average size of the portfolio as compared to that of the prior year period as well as an increase in average utilization (based on net book value of equipment held for operating lease, maintenance rights, and notes receivable and investments in sales-type leases net of allowances) of equipment held in our operating lease portfolio.

During the first quarter of 2026, the Company recognized $12.4 million of long-term maintenance revenue, compared to $9.6 million for the quarter ended March 31, 2025. Long-term maintenance is recognized at the end of a lease period as the related maintenance reserve liability is released from the balance sheet.

For the quarter ended March 31, 2026, the gain on sale of leased equipment was $18.0 million, reflecting the sale of 14 engines from the lease portfolio. During the three months ended March 31, 2025, the Company sold seven engines, one airframe, and other parts and equipment for a net gain of $4.4 million.

In March 2026, the Company’s investment fund partnership with Liberty Mutual Investments commenced operations.

The book value of lease assets owned either directly or through WLFC’s joint ventures, inclusive of the Company’s equipment held for operating lease, maintenance rights, notes receivable, and investments in sales-type leases was $3,563.5 million as of March 31, 2026.

NON-GAAP FINANCIAL MEASURES

Adjusted EBITDA

We analyze our financial data to evaluate the health of our business and assess our performance. As appropriate, in addition to income or loss from operations under GAAP, we use Adjusted EBITDA, a non-GAAP financial measure, to evaluate our business. We believe that this non-GAAP financial measure provides meaningful supplemental information regarding our performance as it excludes certain items that may not be indicative of our recurring operating results. We also believe that investors, in addition to management, benefit from referring to this non-GAAP financial measure in assessing our performance, when viewed together with our GAAP results. While items excluded from Adjusted EBITDA may be recurring in nature and should not be disregarded in evaluating performance, it can be useful to exclude such items as they can vary significantly between periods and or not be indicative of current or future operating results.

Because non-GAAP financial measures are not standardized, our calculation of Adjusted EBITDA may differ from similarly titled non-GAAP measures, if any, reported by other companies. This non-GAAP financial measure should not be considered in insolation from, or as a substitute for, financial information performed in accordance with GAAP.

We define Adjusted EBITDA as net income attributable to common shareholders, excluding (i) income tax expense, (ii) interest expense, (iii) preferred stock dividends/costs, (iv) loss on debt extinguishment, (v) depreciation and amortization expense, (vi) stock compensation expense, (vii) write-down of equipment, (viii) acquisition, financing and divestitures related expenses, and (ix) other items not indicative of our ongoing operating performance.

Adjusted EBITDA was approximately $123.8 million and $103.3 million for the three months ended March 31, 2026 and 2025, respectively. See below for the reconciliation of Adjusted EBITDA to the most directly comparable GAAP measure, net income attributable to common shareholders.

  Three months ended March 31,   2026
 2025
  (in thousands) Net income attributable to common shareholders $23,661  $15,476 Add: Income tax expense  11,755   8,385 Add: Interest expense  32,633   32,094 Add: Preferred stock dividends/costs  1,422   1,393 Add: Loss on debt extinguishment  7,027   — Add: Depreciation and amortization expense  30,178   25,024 Add: Stock compensation expense  13,752   6,907 Add: Write-down of equipment  1,149   2,109 Add: Acquisition, financing and divestitures related expenses  2,242   166 Add: Other (1)  28   11,777 Adjusted EBITDA $123,847  $103,331  ________________________________________________________

In Q1 2026 and 2025, the Company recognized $0.03 million and $11.8 million, respectively, in non-recurring project expenses associated with the sustainable aviation fuels project, which the Company decided to cease investment in and pursue strategic alternatives for, including, a potential sale. Balance Sheet

As of March 31, 2026, the Company’s lease portfolio was $2,857.0 million, consisting of $2,760.5 million of equipment held in its operating lease portfolio, $65.6 million of notes receivable, $30.6 million of maintenance rights, and $0.3 million of investments in sales-type leases, which represented 342 engines, 20 aircraft, one marine vessel, and other leased parts and equipment. As of December 31, 2025, the Company’s lease portfolio was $2,988.9 million, consisting of $2,801.7 million of equipment held in its operating lease portfolio, $139.9 million of notes receivable, $30.6 million of maintenance rights, and $16.6 million of investments in sales-type leases, which represented 363 engines, 20 aircraft, one marine vessel, and other leased parts and equipment.

Conference Call

WLFC will hold a conference call led by the executive management team today at 10:00 a.m. Eastern Time to discuss its first quarter 2026 results.

To participate in the conference call, please use the following dial-in numbers:

U.S. and Canada: +1 (800) 330-6730
International: +1 (786) 297-8585
Conference ID: 3012326
Participant Passcode: 989617

The conference call may also be accessed by registering via the following link:
https://event.webcasts.com/starthere.jsp?ei=1759374&tp_key=c0ab3b632b.

A digital replay will be available two hours after the completion of the conference call. To access the replay, please visit the Investor Relations sections of our website at https://www.wlfc.global/investor-center.

About Willis Lease Finance Corporation

Willis Lease Finance Corporation (WLFC) leases large and regional spare commercial aircraft engines and aircraft to airlines, aircraft engine manufacturers and maintenance, repair and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools and asset management services, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Additionally, through Willis Engine Repair Center®, Jet Centre
by Willis, and Willis Aviation Services Limited, the Company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO, and ground and cargo handling services.

Forward-Looking Statements

Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. By their nature, forward-looking statements involve a number of inherent risks, uncertainties and assumptions and are subject to change in circumstances that are difficult to predict and many of which are outside of our control. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. Our actual results may differ materially from the results discussed, either expressly or implicitly, in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and natural disasters; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and our ability to capitalize on those trends, including growth rates of markets and other economic factors, as well as the impact of new or increased tariffs; risks associated with owning and leasing jet engines and aircraft; our ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to us and our customers; our ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in our portfolio; and risks detailed in the Company’s Annual Report on Form 10-K and other continuing and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.

CONTACT:Scott B. Flaherty Executive Vice President & Chief Financial Officer 561.413.0112   Unaudited Condensed Consolidated Statements of Income
(In thousands, except per share data) 

  Three months ended March 31,      2026   2025  % ChangeREVENUE        Lease rent revenue $77,385  $67,739  14.2 %Maintenance reserve revenue  55,512   54,859  1.2 %Spare parts and equipment sales  21,687   18,240  18.9 %Interest revenue  2,788   3,934  (29.1)%Gain on sale of leased equipment  17,959   4,437  304.8 %Gain on sale of financial assets  438   378  15.9 %Maintenance services revenue  9,769   5,586  74.9 %Management and advisory fees  7,895   1,963  302.2 %Other revenue  913   596  53.2 %Total revenue  194,346   157,732  23.2 %         EXPENSES        Depreciation and amortization expense  30,178   25,024  20.6 %Cost of spare parts and equipment sales  14,417   15,323  (5.9)%Cost of maintenance services  8,860   5,329  66.3 %Write-down of equipment  1,149   2,109  (45.5)%General and administrative  56,604   47,720  18.6 %Technical expense  9,688   6,230  55.5 %Net finance costs:        Interest expense  32,633   32,094  1.7 %Loss on debt extinguishment  7,027   —  nmTotal net finance costs  39,660   32,094  23.6 %Total expenses  160,556   133,829  20.0 %         Income from operations  33,790   23,903  41.4 %Income from investments  3,048   1,351  125.6 %Income before income taxes  36,838   25,254  45.9 %Income tax expense  11,755   8,385  40.2 %Net income  25,083   16,869  48.7 %Preferred stock dividends  1,353   1,323  2.3 %Accretion of preferred stock issuance costs  69   70  (1.4)%Net income attributable to common shareholders $23,661  $15,476  52.9 %         Basic weighted average income per common share $3.49  $2.34   Diluted weighted average income per common share $3.26  $2.21            Basic weighted average common shares outstanding  6,778   6,606   Diluted weighted average common shares outstanding  7,252   7,000                          Unaudited Condensed Consolidated Balance Sheets
(In thousands, except per share data)

  March 31, 2026 December 31, 2025ASSETS    Cash and cash equivalents $24,554  $16,441 Restricted cash  196,023   530,500 Equipment held for operating lease, less accumulated depreciation  2,760,517   2,801,683 Maintenance rights  30,576   30,632 Equipment held for sale  14,764   20,509 Receivables, net  38,886   35,717 Spare parts inventory  56,321   56,577 Investments  128,996   104,250 Property, equipment & furnishings, less accumulated depreciation  75,767   73,835 Intangible assets, net  271   271 Notes receivable, net  65,551   139,945 Investments in sales-type leases, net  344   16,595 Due from affiliates  229   — Other assets  113,386   109,360 Total assets $3,506,185  $3,936,315      LIABILITIES, REDEEMABLE PREFERRED STOCK AND SHAREHOLDERS’ EQUITY    Liabilities:    Accounts payable and accrued expenses $72,636  $105,706 Deferred income taxes  240,112   228,547 Debt obligations  2,253,705   2,700,338 Maintenance reserves  124,562   116,185 Security deposits  24,398   24,651 Unearned revenue  32,928   35,350 Total liabilities  2,748,341   3,210,777      Redeemable preferred stock ($0.01 par value)  63,470   63,401      Shareholders’ equity:    Common stock ($0.01 par value)  77   76 Paid-in capital in excess of par  83,751   72,663 Retained earnings  611,333   590,785 Accumulated other comprehensive loss, net of tax  (787)  (1,387)Total shareholders’ equity  694,374   662,137 Total liabilities, redeemable preferred stock and shareholders’ equity $3,506,185  $3,936,315 

NEW YORK, May 06, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm  Bleichmar Fonti & Auld LLP announces an investigation into Willis Lease Finance Corporation's (NASDAQ: WLFC) board of directors as well as executive chairman Charles F. Willis, IV (as the controlling shareholder) for potential breaches of their fiduciary duties to shareholders in connection with WLFC's past and ongoing practices of paying potentially excessive compensation to Mr.

NEW YORK, May 11, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Willis Lease Finance Corporation’s (NASDAQ: WLFC) board of directors as well as executive chairman Charles F. Willis, IV (as the controlling shareholder) for potential breaches of their fiduciary duties to shareholders in connection with WLFC’s past and ongoing practices of paying potentially excessive compensation to Mr. Willis.

If you are a current shareholder of Willis Lease Finance, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/willis-lease-investigation

Why is Willis Lease Finance being Investigated?

Willis Lease is “effectively controlled” by Charles F. Willis, IV, who founded the company in 1985 and owns approximately 40% of the company’s stock. Willis Lease’s board of directors consists of Mr. Willis, his son (who serves as the CEO of Willis Lease), and three additional directors (who are purportedly independent and constitute the Company’s compensation committee).

In fiscal year 2022, Mr. Willis received compensation totaling approximately $6.2 million. In fiscal year 2023, he received compensation totaling approximately $10.7 million. In fiscal year 2024, he received compensation totally approximately $14.0 million. In fiscal year 2025, he received compensation totaling approximately $14.2 million. Over half of Mr. Willis’ total compensation for these years has been in the form of stock awards.

In 2024, the Company’s board of directors issued additional “one-time performance” stock awards to the Company’s executives, including an unexplained double-issuance of stock options worth $23.9 million to Mr. Willis.

Despite this substantial compensation, on November 10, 2025, Willis Lease’s compensation committee awarded Mr. Willis an option grant to purchase up to 300,000 shares of Willis Lease common stock “intended to retain and incentivize Mr. Willis to continue in the role of Executive Chairman” with a four-year vesting period and an exercise price linked to Willis Lease’s stock price at the time of the option grant. In the months following this option grant, Willis Lease’s stock price has risen significantly, giving the options significant value to Mr. Willis.

BFA is investigating whether Willis Lease’s compensation to Charles F. Willis, IV, represents excessive or wasteful compensation, and whether the Company’s board of directors, together with Charles F. Willis, IV (as the controlling shareholder) have breached their fiduciary duties to Willis Lease’s stockholders in connection with the compensation.

Click here for more information: https://www.bfalaw.com/cases/willis-lease-investigation

What Can You Do?

If you are a current holder of Willis Lease Finance Corporation stock, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/willis-lease-investigation

Or contact:
Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/willis-lease-investigation

Attorney advertising. Past results do not guarantee future outcomes.

May 11, 2026 15:33 ET  | Source: Four Tree Island Advisory LLC

Highlights $52.1 million 2025 Compensation for Executive Chairman Charles Willis Far Exceeds Pay at Exponentially Larger, Better-Performing Companies

Calls on Stockholders to Send a Clear Message of Dissatisfaction by Opposing All Proposals Other than Ratification of Independent Auditor

PORTSMOUTH, N.H., May 11, 2026 (GLOBE NEWSWIRE) -- Four Tree Island Advisory LLC (“Four Tree Island”), a top-10 stockholder of Willis Lease Finance Corporation (NASDAQ:WLFC) (“WLFC” or the “Company”) based on public information, today urged fellow stockholders to vote AGAINST all proposals set forth in WLFC’s proxy statement for the 2026 Annual Meeting of Stockholders scheduled to be held on May 26, 2026 (the “Annual Meeting”), except the proposal to ratify the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm.

As WLFC stockholders consider how to vote their shares at the upcoming Annual Meeting, Four Tree Island believes that stockholders should focus on Executive Chairman Charles Willis’s egregious $52.1 million in total 2025 compensation as disclosed in the Company’s proxy statement, which appears entirely unjustifiable in light of the Company’s size and 2025 total shareholder returns (TSR), and even more absurd when compared to pay levels at far larger, better performing companies.

Equilar, a leading provider of corporate leadership data solutions that specializes in executive compensation, published “Equilar 100: An Early Look at the Highest-Paid CEOs in 2025” on April 23, 2026 (https://www.equilar.com/reports/126-highest-paid-ceos-2026-equilar-100.html).

Using the list of the top 20 highest-paid CEOs in 2025 as identified in Equilar’s report and comparing it with year-end 2025 market capitalizations and 2025 TSR for those companies, WLFC’s compensation practices stand out in stark relief:

If Executive Chairman Willis were included in the Equilar 100 analysis, his 2025 total compensation would place him 18th highest paid, ahead of Nvidia CEO Jensen Huang, despite WLFC’s dramatically smaller scale (0.02% the market capitalization of Nvidia) and weaker stock performance (WLFC’s TSR underperformed that of Nvidia in 2025 by 73%: +39% for Nvidia vs. -34% for WLFC).The smallest market capitalization among companies with a top 20 paid CEO in 2025 was roughly 14x the size of WLFC’s market capitalization.The median market capitalization for a company with a top 20 paid CEO in 2025 was approximately 174x the market capitalization of WLFC.The weakest 2025 TSR for companies with a top 20 paid CEO in 2025 still exceeded WLFC’s 2025 TSR by ~1,300 basis points.The median TSR for a company with a top 20 paid CEO in 2025 was 68% better than WLFC’s 2025 TSR.
In our view, it is impossible to reconcile approximately $52.1 million in 2025 compensation for an Executive Chairman – who is not the Company’s CEO – with the economic reality faced by WLFC’s minority stockholders. When an executive at a small cap company is effectively paid like the leadership of exponentially larger, better performing enterprises, we believe stockholders are entitled to ask whether the Board is fulfilling its fiduciary responsibilities.

Four Tree Island previously outlined significant concerns about WLFC’s governance, related party transactions and executive compensation practices in a letter sent privately to the independent members of the Board on January 6, 2026, which was subsequently made public as an attachment to its March 30, 2026 press release. These concerns focus on whether the Board has exercised appropriate oversight and care in approving executive compensation arrangements and other matters that primarily benefit Executive Chairman Willis.

In his letter to stockholders accompanying the proxy statement for the Annual Meeting, Executive Chairman Willis stated that “the Board values your engagement.” Consistent with that invitation, Four Tree Island Advisory is calling on minority stockholders to send a clear message this year.

Four Tree Island therefore urges WLFC stockholders to:

Vote AGAINST every proposal at the Annual Meeting, except the proposal to ratify Grant Thornton LLP as WLFC’s independent auditor.Recognize that the Company needs to secure support from 80% of the outstanding shares to approve the proposed increase in share capital and potential 3-for-1 forward stock split proposal (the “Charter Amendment”), so minority stockholders will determine whether this proposal passes or not. In our view, the Board has routinely made decisions benefiting Executive Chairman Willis at the expense of minority stockholders, so we question the true motivations for the Board seeking approval of the Charter Amendment. As indicated in Four Tree Island’s original private letter to the Board sent on November 25, 2025 and made public on January 6, 2026, WLFC has suffered a consistent, high rate of stockholder dilution through stock-based compensation. Four Tree Island submits that anything that may be used to potentially further dilute minority stockholders is not deserving of an affirmative vote, and a protest AGAINST vote is warranted based on Executive Chairman Willis’s egregious compensation alone.
Based on an abundance of outreach from fellow WLFC stockholders, Four Tree Island believes that minority investors share serious concerns regarding the Company’s executive compensation, governance and capital allocation. The firm encourages stockholders to convey their views directly to the Board. According to the Company’s proxy statement, communications to the Board may be directed through WLFC’s General Counsel and Corporate Secretary, who can be reached at [email protected].

Stockholders should refer to their proxy materials for detailed instructions on how to vote or change previously submitted votes. According to the Company’s proxy materials, votes must be received by 11:59pm Eastern Time on May 25, 2026, and may be submitted by telephone or online at proxydocs.com/WLFC. Stockholders who have already voted retain the right to change their vote at any time before the deadline.

THIS COMMUNICATION IS NOT A SOLICITATION OF AUTHORITY TO VOTE YOUR PROXY AND DOES NOT REQUEST OR SEEK THE POWER TO ACT AS A PROXY FOR ANY STOCKHOLDER. DO NOT SEND US YOUR PROXY CARD. FOUR TREE ISLAND IS NOT ASKING FOR YOUR PROXY CARD AND WILL NOT ACCEPT PROXY CARDS IF SENT. FOUR TREE ISLAND IS NOT ABLE TO VOTE YOUR PROXY, NOR DOES THIS COMMUNICATION CONTEMPLATE SUCH AN EVENT.

Contact
Four Tree Island Advisory LLC 
[email protected]
(603) 427-8053

May 13, 2026 16:09 ET  | Source: Willis Lease Finance Corp.

COCONUT CREEK, Fla., May 13, 2026 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (the “Company”), the leading lessor of commercial aircraft engines and global provider of aviation services, announced today its intention to offer, subject to market and other conditions, $175.0 million aggregate principal amount of convertible senior notes due 2031 (the “Notes”) in a public offering (the “Notes Offering”) registered under the Securities Act of 1933, as amended (the “Act”). The Company intends to grant the underwriters a 30-day option to purchase up to an additional $25.0 million principal amount of Notes, solely to cover over-allotments, if any. The Company currently intends to use the net proceeds from the issuance of the Notes to temporarily repay amounts outstanding under the Company’s revolving credit facility until deployed for general corporate purposes. There can be no assurance as to whether or when the Notes Offering may be completed or as to the actual size or terms of the offering.

Morgan Stanley & Co. LLC, BofA Securities, and Deutsche Bank Securities Inc. are acting as joint book-running managers for the Notes Offering.

The Notes will be senior, unsecured obligations of the Company, will accrue interest payable semi-annually in arrears on May 15 and November 15 of each year, beginning on November 15, 2026, and will mature on May 15, 2031, unless earlier repurchased, redeemed or converted. Noteholders will have the right to convert their Notes in certain circumstances and during specified periods based on the applicable conversion rate. The Company will settle conversions of Notes by paying or delivering, as applicable, cash or a combination of cash and shares of its common stock, at its election.

The Notes will be redeemable, in whole or in part (subject to certain limitations), at the Company’s option at any time, and from time to time, on or after May 21, 2029 and on or before the 41st scheduled trading day immediately before the maturity date, at a cash redemption price equal to the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date, but only if the last reported sale price per share of its common stock exceeds 130% of the conversion price for a specified period of time. The Company may not redeem less than all of the outstanding Notes unless the excess of the principal amount of the Notes outstanding as of the time the Company sends the related redemption notice over the aggregate principal amount of the Notes subject to such redemption is at least $75.0 million.

If a “fundamental change” (which will be defined in the indenture that will govern the Notes to include certain change-of-control events and the delisting of the Company’s common stock) occurs, then, subject to a limited exception, noteholders may require the Company to repurchase their Notes at a cash repurchase price equal to the principal amount of the Notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date.

The interest rate, initial conversion rate and other terms of the Notes will be determined at the pricing of the Notes Offering.

Concurrently with the Notes Offering, Morgan Stanley & Co. LLC, acting on behalf of itself and/or its affiliates (in such capacity, the “delta underwriter”) intends to offer and sell short, in a separate, underwritten public offering under the Act, a number of shares of the Company’s common stock borrowed from non-affiliate third parties to facilitate hedging transactions by certain investors subscribing for the Notes (the “Concurrent Delta Offering”). The number of shares of the Company’s common stock subject to the Concurrent Delta Offering will be determined at the time of pricing of the Concurrent Delta Offering, will depend on what portion of such investors desire to hedge their investment in the Notes and is expected to be no greater than the commercially reasonable initial short positions of such investors being established to hedge their market risk with respect to the Notes they acquire. No new shares of the Company’s common stock will be issued, and the Company will not receive the proceeds from the short sale of its common stock.

The Concurrent Delta Offering and Notes Offering are contingent upon one another.

The Notes Offering will be made pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 15, 2025 (the “Registration Statement”) and a prospectus supplement. The Notes Offering will be made only by means of a prospectus supplement and an accompanying prospectus. The Concurrent Delta Offering will be made pursuant to the Registration Statement and a prospectus supplement. The Concurrent Delta Offering will be made only by means of a prospectus supplement and an accompanying prospectus. A copy of the preliminary prospectus supplements, together with the accompanying prospectuses and the Registration Statement relating to each offering, when available, may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, a copy of the preliminary prospectus supplements, together with the accompanying prospectuses relating to each offering, when available, may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, email: [email protected], and a copy of the preliminary prospectus supplement, together with the accompanying prospectus relating to the Notes Offering, may also be obtained from BofA Securities, 201 North Tryon Street, Charlotte, North Carolina 28255, Attention: Prospectus Department, email: [email protected], and from Deutsche Bank Securities Inc., Attention: Prospectus Department, 1 Columbus Circle, New York, New York 10019, telephone: 800-503-4611, email: [email protected].

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Willis Lease Finance Corporation

Willis Lease Finance Corporation leases large and regional spare commercial aircraft engines and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools, and asset management services through Willis Mitsui & Co. Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services.

Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company’s expectations or any change in events, conditions, or circumstances on which the forward-looking statement is based, except as required by law. The Company’s actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and the COVID-19 pandemic; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and the Company’s ability to capitalize on those trends, including growth rates of markets and other economic factors; risks associated with owning and leasing jet engines and aircraft; the Company’s ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to the Company and its customers; the Company’s ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in the Company’s portfolio; and risks detailed in the Company’s Annual Report on Form 10-K and other continuing and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.

CONTACT:Scott B. Flaherty EVP & Chief Financial Officer (561) 413-0112  

NEW YORK, May 15, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm  Bleichmar Fonti & Auld LLP announces an investigation into Willis Lease Finance Corporation's (NASDAQ: WLFC) board of directors as well as executive chairman Charles F. Willis, IV (as the controlling shareholder) for potential breaches of their fiduciary duties to shareholders in connection with WLFC's past and ongoing practices of paying potentially excessive compensation to Mr.

June 01, 2026 14:06 ET  | Source: Four Tree Island Advisory LLC

Notes that Over 92% of Unaffiliated Stockholders Opposed WLFC’s Executive Compensation and Nearly 84% Opposed Re-Election of Stephen Jones

Calls on Stockholders to Continue Opposing Charter Amendment Proposal that would Triple Authorized Share Count at Reconvened Annual Meeting

PORTSMOUTH, N.H., June 01, 2026 (GLOBE NEWSWIRE) -- Four Tree Island Advisory LLC (“Four Tree Island Advisory” or “we”), a top-10 stockholder of Willis Lease Finance Corporation (NASDAQ:WLFC) (“WLFC” or the “Company”) based on public information, today commented on the decisive rebuke to the Company’s Board of Directors and management team delivered by stockholders at the Company’s 2026 Annual Meeting of Stockholders (the “Annual Meeting”).

Based on the voting results from the Annual Meeting disclosed by the Company, nearly 84% of unaffiliated stockholders opposed the re-election of director Stephen Jones, demonstrating a profound lack of confidence in the Company’s governance and oversight. Furthermore, over 92% of unaffiliated stockholders voted AGAINST the Company’s executive compensation program, underscoring widespread dissatisfaction with WLFC’s pay practices.1

WLFC also failed to secure sufficient stockholder support for its proposal to triple the Company’s authorized share count. Rather than accept this outcome, the Company adjourned the Annual Meeting and announced its intention to solicit additional votes in an effort to pass the proposal. A subsequent vote has been scheduled for a reconvened Annual Meeting on June 23, 2026.

Four Tree Island Advisory believes these results reflect a clear and unambiguous message from minority stockholders: fundamental changes are required at the Company.

In our view, stockholders have spoken decisively against entrenched governance practices, excessive compensation and value destructive capital allocation decisions. We believe it is incumbent upon the Board, particularly its independent directors, to respect this mandate rather than attempt to override it through continued solicitation efforts.

Four Tree Island Advisory is urging stockholders to continue to vote AGAINST the proposed increase in authorized shares unless and until the Company implements three critical governance and capital discipline measures:

The cancellation and rescission of the 300,000-share option grant awarded to Executive Chairman Charles Willis in November 2025. The sale of the Company’s luxury superyacht and the sale of one of the Company’s two corporate aircraft, accompanied by a binding commitment not to acquire similar assets in the future. For point of reference, no company in WLFC’s broader peer group (FTAI, AerCap and Air Lease which are 19x, 16x and 5x (at its recent acquisition price) WLFC’s market capitalization, respectively) has more than one corporate aircraft and none has a corporate luxury yacht. A formal agreement that no member of the Willis family will receive any further equity compensation for a minimum of ten years. Four Tree Island Advisory further calls on the Board – especially those designated as independent – to take immediate action to address what it believes can only be described as an egregious compensation and perquisite culture that is plaguing the Company.

We believe that continuing to ignore the will of minority stockholders and the Board’s fiduciary responsibilities risks further erosion of trust and value. We encourage all stockholders to remain engaged and to hold the Board accountable in the coming weeks and beyond subject to fundamental, positive change.

THIS COMMUNICATION IS NOT A SOLICITATION OF AUTHORITY TO VOTE YOUR PROXY AND DOES NOT REQUEST OR SEEK THE POWER TO ACT AS A PROXY FOR ANY STOCKHOLDER. DO NOT SEND US YOUR PROXY CARD. FOUR TREE ISLAND ADVISORY IS NOT ASKING FOR YOUR PROXY CARD AND WILL NOT ACCEPT PROXY CARDS IF SENT. FOUR TREE ISLAND ADVISORY IS NOT ABLE TO VOTE YOUR PROXY, NOR DOES THIS COMMUNICATION CONTEMPLATE SUCH AN EVENT.

Contact
Four Tree Island Advisory LLC 
[email protected]
(603) 427-8053

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1 Calculated based on 7,604,821 shares outstanding less 3,768,660 shares owned by the Company’s directors & executive officers as disclosed in the Company’s proxy statement (4,128,608 reported beneficial ownership for directors & executive officers less unexercised options and performance-based awards), and assumes that the Company’s directors & executive officers voted in favor of the proposals.

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