Air Lease Corporation announced its financial results for the third quarter of 2024, reporting revenues of US$690.2 million, marking a 4.7% increase from the third quarter of 2023. This revenue figure surpassed market expectations, demonstrating solid top-line growth for the aircraft lessor.
The company's net income for the quarter reached $104 million, translating to 82 cents per share. Furthermore, Air Lease reported a non-GAAP profit of $1.25 per share, which was 57.2% above analysts' consensus estimates, indicating robust profitability.
These strong financial outcomes reflect the company's effective fleet management and leasing strategies amidst a dynamic aviation market. The positive performance in both revenue and non-GAAP profit highlights Air Lease's ability to generate value for its shareholders.
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