February 28, 2014

Air Lease Corporation releases fourth quarter and fiscal year 2013 results

Air Lease Corporation reports another consecutive quarter of fleet, revenue and profitability growth. Diluted EPS increased 45% to $0.55 per share for the three months ended December 31, 2013 compared to $0.38 per share for the three months ended December 31, 2012. Diluted EPS increased 41% to $1.80 per share for the year ended December 31, 2013 compared to $1.28 per share for the year ended December 31, 2012. Revenues increased 28% to $243m for the three months ended December 31, 2013 compared to $190m for the three months ended December 31, 2012. Revenues increased 31% to $859m for the year ended December 31, 2013 compared to $656 million for the year ended December 31, 2012. Income before taxes increased 48% to $91m with a pretax margin of 37% for the three months ended December 31, 2013 compared to income before taxes of $61m with a pretax margin of 32% for the three months ended December 31, 2012. Income before taxes increased 44% to $293m with a pretax margin of 34% for the year ended December 31, 2013 compared to income before taxes of $204m with a pretax margin of 31% for the year ended December 31, 2012. The company recorded $18.9m in gains on aircraft sales, trading and other activity for the year ended December 31, 2013.



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