LOS ANGELES (AP) — LOS ANGELES (AP) — Air Lease Corp. (AL) on Thursday reported fourth-quarter net income of $169.9 million.
On a per-share basis, the Los Angeles-based company said it had net income of $1.51. Earnings, adjusted for pretax expenses and amortization costs, came to $2.20 per share.
The company that leases planes to airlines posted revenue of $820.4 million in the period.
For the year, the company reported profit of $1.09 billion, or $9.29 per share. Revenue was reported as $3.02 billion.
Air Lease shares have increased almost 1% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $64.66, an increase of 41% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AL at https://www.zacks.com/ap/AL
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