Air Lease: 3Q Earnings Snapshot
LOS ANGELES (AP) _ Air Lease Corp. (AL) on Thursday reported third-quarter earnings of $146.6 million.
On a per-share basis, the Los Angeles-based company said it had net income of $1.32. Earnings, adjusted for non-recurring costs and stock option expense, were $1.41 per share.
The company that leases planes to airlines posted revenue of $450.7 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $442.3 million.
Air Lease shares have dropped 17 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $39.74, a decrease of roughly 7 percent in the last 12 months.