Willis Lease Finance Corporation report operating loss in 2Q2013

Willis Lease Finance Corporation revenue up 8% - financial highlights:

• Three months ended 30-Jun-2013:
• • Total revenue: USD38.0 million, +8.0% year-on-year;
  • • Lease rent: USD24.8 million, +3.9%;
    • Maintenance reserve: USD11.8 million, +24.9%;
  • Operating profit (loss): (USD1.5 million), compared to a profit of USD4.8 million in p-c-p;
  • Net profit: USD9.7 million, +200%;
• Six months ended 30-Jun-2013:
• • Total revenue: USD73.3 million, +3.3%;
  • • Lease rent: USD49.2 million, +2.8%;
    • Maintenance reserve: USD21.0 million, +16.7%;
  • Operating profit: USD1.0 million, -89.5%;
  • Net profit: USD11.3 million, +73.4%;
  • Total assets: USD1146 million;
  • Cash and cash equivalents: USD4.3 million;
  • Total liabilities: USD932.9 million. [more - original PR]