Aircastle Limited Thursday reported third-quarter net income of $8.6 million, down 74.4% from a $33.5 million profit for the year-ago period.
Aircastle Limited Thursday reported third-quarter net income of $8.6 million, down 74.4% from a $33.5 million profit for the year-ago period. Revenue fell 20.2% to $132.2 million while expenses lowered 5.6% to $123 million, producing an operating profit of $9.2 million, down 74% from $35.4 million in the September 2009 quarter. In a statement, Aircastle said the results include pre-tax impairment charges totaling $7.3 million related to the sale of the company’s only remaining ...
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