Air Lease: Fourth Quarter Earnings Overview

Air Lease Corp. Announces Fourth Quarter and Annual Financial Results

Air Lease Corp., headquartered in Los Angeles, revealed a net profit of $169.9 million for the fourth quarter.

The company reported earnings of $1.51 per share for the quarter. After adjusting for pretax items and amortization, earnings reached $2.20 per share.

During this period, Air Lease generated $820.4 million in revenue through its aircraft leasing operations.

For the full year, the company achieved a total profit of $1.09 billion, translating to $9.29 per share, with annual revenue totaling $3.02 billion.

Since the start of the year, Air Lease shares have edged up by nearly 1%. By the close of trading on Thursday, the stock price stood at $64.66, marking a 41% rise over the past year.

This article was produced by Automated Insights using information from Zacks Investment Research.