Irish-headquartered lessor AerCap has posted a $1.02 billion net profit for the 2018 financial year, 5.6% down on its $1.08 billion prior-year net profit. Revenue for the year was 5% down at $4.8 billion. Basic lease revenue was down just 1%, but maintenance rents fell 25% and other income narrowed by 35%, causing the 5% overall decline. However, costs also fell by 4% to $3.6 billion, partly offsetting the lower revenue total, but still resulting in a reduced full-year net profit. AerCap ...

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