Key Highlights

  • Shares are trading 13.52% higher at $189.73 on Thursday, October 29, 2026.
  • Third-quarter revenue came to $977.7 million, compared with $667.1 million a year earlier.
  • Consolidated adjusted EBITDA increased to $348.3 million from $297.4 million, and diluted EPS was $1.43 against $1.10.
  • Aerospace Products adjusted EBITDA rose to $282.4 million from $180.4 million, a 31% margin.
  • The company announced a $500.0 million accelerated share repurchase, and the total authorization was raised to $1.0 billion.

FTAI Share Surge: What Is Driving the 13.52% Gain After Third-Quarter Results?

FTAI Aviation (NASDAQ:FTAI) shares are trading 13.52% higher at $189.73 on Thursday, October 29, 2026. The implied prior close is about $167.13 (calculated). Third-quarter 2026 results and a $500.0 million accelerated share repurchase came out before the open the same day.

Third-quarter revenue was $977.7 million against $667.1 million a year before, and nine-month revenue was $2,761.4 million versus $1,845.4 million. Net income attributable to shareholders was $149.1 million, or $1.43 per diluted share, versus $114.0 million and $1.10.

Segment Contributions: Can Aerospace Products Make Up for a Shrinking Aviation Leasing Book?

Aerospace Products revenue was $910.0 million, up 76%, and adjusted EBITDA climbed to $282.4 million from $180.4 million, a 31% margin against a 30% guide. The unit built 311 CFM56 modules in the quarter, up 50%, and 877 this year against a 2026 outlook of 1,200.

Aviation Leasing adjusted EBITDA slipped to $104.0 million from $134.4 million, and lease income fell to $25.3 million from $55.1 million amid a move to an asset-light model. The first strategic capital vehicle had closed on 212 of 301 committed aircraft by September 30, with distributions at 17.5% of commitments year to date.

A second vehicle began investing in September with 109 aircraft committed and a $2.0 billion warehouse facility. Corporate and other costs widened to an adjusted EBITDA loss of $38.1 million from $17.4 million.

Repurchase Size and Balance Sheet: What Does the $500 Million Accelerated Programme Represent?

The accelerated repurchase is run with a major bank and should finish in the fourth quarter. On October 27 the board raised the total authorization to $1.0 billion, leaving about $420.0 million. Buybacks to date total about $80.0 million at a weighted average of $178.73 per share, including $50.0 million in the third quarter.

On 102,448,764 shares outstanding, the market value at $189.73 is about $19.4 billion (calculated), so the accelerated programme is roughly 2.6% of that (calculated). At September 30 cash was $385.6 million and long-term debt was $3,455.5 million, compared with $300.5 million and $3,448.9 million at year-end 2025.

The ordinary quarterly dividend is $0.50 per share, payable November 23.

FTAI Power Units and Guidance: What Is the Company Saying About 2027?

Over 100 FTAI Power units are under contract for U.S. and Canadian customers in 2027 and 2028. Mod-1 testing hit its goals of 25 MW peak and 23 MW continuous baseload, with first deliveries in 2027.

On October 8 the company announced a multi-year CFM56-7B engine exchange agreement with United Airlines (NASDAQ:UAL). Management reaffirmed its 2026 and 2027 adjusted EBITDA guidance without repeating the dollar figures.

Next Checkpoints: Repurchase Completion and the Mod-1 Delivery Timeline

Attention turns to the accelerated repurchase finishing in the fourth quarter, the November 10 dividend record date and the November 23 payment. Other milestones are closing the remaining strategic capital aircraft by year-end, FTAI Power Mod-1 deliveries in 2027 and first test units of the mobile combined cycle add-on in the second half of 2027.