Global passenger traffic growth and manufacturer delivery delays helped Air Lease Corp. (ALC) post a 48% net profit increase of $146.6 million for the third quarter (3Q) compared to the year-ago period. Demand for the company’s aircraft “continues to be driven by strong global passenger traffic growth,” CEO John Plueger said during an earnings call with analysts and reporters. The California-based lessor also benefited from delivery delays by aircraft and engine ...

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