FLY Leasing reports strong 1Q2012 results

FLY Leasing revenue doubles - financial highlights for three months ended 31-Mar-2012:

• Total revenue: USD104.5 million, +110.4% year-on-year;
• Total costs: USD81.5 million, +76.3%;
• Profit before tax: USD23.0 million, +565.5%;
• Net profit: USD20.4 million, +637.9%;
• Total assets: USD3211 million, +0.4% when compared to period ended 31-Dec-2011;
• Cash and cash equivalents: USD158.6 million, +93.1% when compared to period ended 31-Dec-2011;
• Total liabilities: USD2747 million, -0.3 when compared to period ended 31-Dec-2011.
• Portfolio: 111 aircraft, +2 aircraft when compared to period ended 31-Dec-2011;
  • A319: 20, stable;
  • A320: 29, stable;
  • A330: One, stable;
  • A340: Three, stable;
  • Boeing 717: Six, stable;
  • Boeing 737: 39, +2;
  • Boeing 747: One, stable;
  • Boeing757: 11, stable;
  • Boeing 767: One, stable. [more - original PR]