August 10, 2012
Air Lease Corporation announces second quarter 2012 results
Air Lease Corporation reported another quarter of consecutive fleet, profitability and financing growth: diluted EPS increased 250% to $0.28 per share in the second quarter of 2012 compared to $0.08 in the second quarter of 2011. Diluted EPS increased 315% to $0.54 per share for the six months ended June 30, 2012 compared to $0.13 per share for the six months ended June 30, 2011. ALC reported revenues of $158,173 for the 2nd quarter 2012, compared to $74,344 in 2011. Net income was $28,172 in 2012 compared to $7,023 in 2011.
ALC Increased its pipeline of fuel-efficient aircraft with an order of 100 737-8/9 MAX aircraft, 25 of which are subject to reconfirmation. The company announced two of its largest narrowbody lease placements to date with premier carriers, including 18 new aircraft with China Southern, the single largest lease transaction for ALC, and the placement of 13 new aircraft with Air China.