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 ...

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