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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:
    • Total revenue: USD139.0 million, +15.5% year-on-year;
      • Operating lease revenue: USD120.6 million, +0.5%;
    • Net profit: USD27.7 million, +78.9%;
  • 12 months ended 31-Dec-2015:
    • Total revenue: USD470.6 million, +10.3%;
      • 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.

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