LOS ANGELES (AP) — LOS ANGELES (AP) — Air Lease Corp. (AL) on Thursday reported third-quarter earnings of $104 million.
The Los Angeles-based company said it had net income of 82 cents per share. Earnings, adjusted for pretax expenses and amortization costs, were $1.25 per share.
The company that leases planes to airlines posted revenue of $690.2 million in the period.
Air Lease shares have risen 13% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $47.32, a rise of 30% 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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