9-Mar-2016 8:18 AM
FLY Leasing reports strong 4Q2015 result
FLY Leasing revenue up 16% - financial highlights:
- Three months ended 31-Dec-2015:
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- Total revenue: USD139.0 million, +15.5% year-on-year;
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- Operating lease revenue: USD120.6 million, +0.5%;
- Net profit: USD27.7 million, +78.9%;
- 12 months ended 31-Dec-2015:
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- Total revenue: USD470.6 million, +10.3%;
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- Operating lease revenue: USD440.7 million, +8.9%;
- Net profit: USD6.6 million, -88.2%;
- Total assets: USD3417 million;
- Cash and cash equivalents: USD276.0 million;
- Total liabilities: USD2773 million. [more - original PR]
FLY Leasing: "Traffic and financial forecasts for 2016 are even more buoyant, with airlines' business being strongly supported by lower fuel prices. These factors are supporting a strong demand for leased aircraft; in FLY's case we have all but one of our 2016 redeliveries committed," Colm Barrington, CEO, Source: Company statement, 08-Mar-2016.