Air Lease Corporation reports 'another strong' quarter in 2Q2016

Air Lease Corporation revenue up 15% - financial highlights:

• Three months ended 30-Jun-2016:
• • Revenue: USD350.1 million, +14.9% year-on-year;
  • • Rental of flight equipment: USD327.3 million, +14.1%;
    • Aircraft sales, trading and other: USD22.8 million, +27.2%;
  • Net profit: USD91.8 million, +20.6%;
• Six months ended 30-Jun-2016:
• • Revenue: USD693.5 million, +18.9%;
  • • Rental of flight equipment: USD644.5 million, +15.9%;
    • Aircraft sales, trading and other: USD49.0 million, +81.3%;
  • Net profit: USD184.7 million, +93.5%;
  • Total assets: USD13,340 million;
  • Cash and cash equivalents: USD172.7 million;
  • Total liabilities: USD10,145 million. [more - original PR]

Air Lease Corporation: "We had another strong quarter, with our business continuing to deliver record revenues and strong results. Our customers continue to perform well. The sale of our ATR and E-jet fleet to NAC is progressing on track. Demand for our used aircraft remains robust. We remain watchful of OEM and airline capacity discipline, and we look forward to any and all opportunities that may arise," John Plueger, President and CEO. Source: Company statement, 04-Aug-2016.