Air Lease 2Q net income up 11%; delivery delays lift narrowbody rates

Credit: Air Lease Corp.
Air Lease Corp. (ALC) posted second-quarter consolidated net income of $128.3 million, up 11.4% from $115.2 million in the year-ago quarter. Revenue was $464 million, up 18% year-over-year (YOY) from $393.5 million. ALC has an owned/managed/committed fleet of 704 aircraft, compared to 711 a year ago...

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