Los Angeles-based commercial aircraft lessor Air Lease Corp. (ALC) posted a 2016 net profit of $374.9 million, up 48% from $253.4 million net income in 2015. ALC’s total revenues for the year were $1.4 billion, up 16% over $1.2 billion in 2015. The company’s expenses totaled $838.8 million, up 1.1%; operating income was $580.2 million, up 47.7% over $393 million in 2015. In 2016, ALC signed lease agreements for 122 aircraft with 39 customers, ending the year with a ...

Subscribe to Access this Entire Article

"Air Lease Corp. 2016 net profit up 48% to $375 million" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.