Fly Leasing revenue down 13% in 2Q2011

Fly Leasing reports (04-Aug-2011) the following financial highlights for the three months ended Jun-2011:

• Revenue: USD55.2 million, -13% year-on-year;
  • Operating lease revenue: USD54.2 million, -11.8%;
• Total costs: USD50.1 million, +4.1%;
• Net income: USD4.1 million, -68.9%. [more]

Fly Leasing: "We remain optimistic about the continuing and increasing strength of the aircraft leasing industry, which is reinforced by recent significant orders for new aircraft from airlines in both Asia and North America. We will continue to opportunistically pursue attractive one-off and portfolio acquisitions," CEO of FLY Leasing, Colm Barrington. Source: Company statement, 04-Aug-2011.