Expense ControlOperating expenses came in below expectations due to lower interest and depreciation costs and limited merger-related charges, improving margin flexibility.
Interest-rate ExposureA relatively small portion of the company’s debt is floating-rate, so potential future interest-rate cuts could reduce interest expense and lift profitability.
Sales And Trading RevenueRobust aircraft sales and trading revenue produced substantial proceeds and gains, bolstering cash flow and supporting stronger-than-expected financial results.