May 9, 2014
Air Lease Corporation announces first quarter 2014 results
Air Lease Corporation reported another consecutive quarter of fleet, revenue and profitability growth. Diluted EPS increased 50% to $0.57 per share for the three months ended March 31st, 2014 compared to $0.38 per share for the three months ended March 31, 2013. Revenues increased 28% to $246m, compared to $192m in 2013. Income before taxes increased 54% to $95m with a pretax margin of 39% for the first quarter in 2014 compared to income before taxes of $62m with a pretax margin of 32% in 2013. Air Lease Corporation recorded $15.9m in gains on aircraft sales, trading and other activity for the first quarter 2014 and placed orders for nine additional aircraft from Airbus S.A.S., Avions de Transport Régional and The Boeing Company scheduled to deliver in 2014 through 2017. The Company signed forward lease placements with four new airlines.