Commercial aircraft lessor Air Lease Corp. (ALC) posted $84.9 million in net income for the 2017 first quarter, down 8.5% from $92.9 million in 1Q 2016. Los Angeles-based ALC’s revenues for the quarter totaled $360.2 million, up 4.9% over $343.3 million in the year-ago quarter. The company’s expenses increased 13.5% year-over-year (YOY) to $226.3 million; operating income for the quarter was $133.9 million, down 7% YOY. “Throughout the quarter, we saw solid lease ...

Subscribe to Access this Entire Article

"Air Lease Corp. posts $85 million 1Q net profit" 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.