Air Lease corp. Profit Climbs 22% In Q3

(RTTNews) - Air Lease corp. (AL) revealed earnings for its third quarter that advanced compared to the same period last year.

The company said its bottom line totaled $131.65 million, or $1.20 per share. This was higher than $107.58 million, or $0.99 per share, in last year's third quarter.

The company said revenue for the quarter fell 49.9% to $131.13 million. This was down from $261.94 million last year.

Air Lease corp. earnings at a glance:

-Earnings (Q3): $131.65 Mln. vs. $107.58 Mln. last year. -Earnings Growth (Y-o-Y): 22.4% -EPS (Q3): $1.20 vs. $0.99 last year. -EPS Growth (Y-o-Y): 21.2% -Revenue (Q3): $131.13 Mln vs. $261.94 Mln last year. -Revenue Change (Y-o-Y): -49.9%