HEICO’s net income increased 38% to $27.5 million, or 41 cents per diluted share, in the first quarter of its fiscal 2014, up from $20 million, or 30 cents per diluted share, in the first quarter of fiscal 2013.
Aircraft leasing companies have seen rates rise, deals increase and airlines’ confidence in the future grow in the past year. Airbus A320-family rates have particularly strengthened, after a sharp drop. Carriers appear to be up-gauging a bit, seeking bigger jets, perhaps because fuel prices emphasize scale economies in trip costs.
