Air Lease Corp. (ALC) received a $354 million benefit from the December 2017 US tax reform legislation, pushing the Los Angeles-based commercial aircraft lessor to a $756.2 million net profit for 2017, more than doubling ALC’s $375 million net income in 2016. ALC’s full-year revenue increased 6.9% to $1.5 billion in 2017, as expenses increased 8.1% year-over-year (YOY) to $907 million. The company’s pre-tax operating income totaled $609.5 million; pre-tax profit margin for ...

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