Shares of FTAI Aviation jumped 6.8% to $265.00 in pre-market trading Monday, as investors piled in ahead of second-quarter results due July 29. The move, which outpaced a 1.15% Nasdaq gain, reflects growing confidence that a string of capital-markets wins and aircraft acquisitions will translate into another blowout quarter for the company's engine-repair business.
Three Weeks Until Earnings, and Expectations Are Running Hot. FTAI plans to report Q2 2026 results after the Nasdaq close on July 29, with a conference call the next morning. In Q1, revenue reached $830.7 million — a 65% increase year-over-year, while production of CFM56 engine modules hit 270 units, roughly double the prior-year quarter.
Management reaffirmed full-year 2026 adjusted EBITDA guidance of $1.625 billion and roughly $915 million in adjusted free cash flow — numbers the Street will now test. The risk: a 16% EPS miss in Q1 despite strong revenue growth showed that costs can outrun sales as production ramps.
Buying Old Planes to Feed a Fast-Growing Repair Machine. FTAI closed the acquisition of seven off-lease Airbus narrowbodies from Air France — one A318, four A319s, and two A321s. The planes aren't for flying; they're harvested for CFM56 engines and parts that feed FTAI's repair-and-exchange operation. "As demand for our Maintenance, Repair and Exchange solutions continues to grow, expanding access to CFM56 engines is critical," management said. For shareholders, each retired aircraft is raw material that supports the $1.05 billion Aerospace Products EBITDA target for the year.
A $612 Million Securitization Opens a New Funding Lane. FTAI priced its first-ever asset-backed securitization in May — $612 million of notes backed by 48 aircraft leased to 23 airlines globally.
Those aircraft sit inside a Strategic Capital vehicle that raised $2.0 billion in equity commitments and now owns 292 planes. By packaging leases into bonds, FTAI recycles capital without selling assets, freeing cash to buy more engines. It also signals that institutional debt investors see the portfolio as investment-grade-quality collateral.
Wall Street Is Bullish, but the Stock Still Has Ground to Cover. Jefferies recently raised its target to $400 , while Morgan Stanley lifted its target to $319. At $265, the stock sits well below those marks — but also well above its 52-week low near $87. Investors are betting that doubling production, new funding tools, and a nascent power-generation business justify a premium. Q2 results will be the next proof point.