ALC CEO: Passenger Growth ‘Fundamental Stimulus’

Los Angeles-based commercial aircraft lessor Air Lease Corp. (ALC) posted a 2016 net profit of $374.9 million, up 48% from $253.4 million net income in 2015. ALC’s total revenues for the year were $1.4 billion, up 16% over $1.2 billion in 2015. The company’s expenses totaled $838.8 million, up 1.1%...

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