Air Lease Corporation announces first quarter 2013 results

Air Lease Corporation reported another consecutive quarter of fleet, revenue, profitability and financing growth. Diluted EPS increased by 46% to $0.38 per share for the three months ended March 31, 2013 from $0.26 per share for the three months in 2012. Revenues increased 45% to $192m compared to $133m in 2012. Income before taxes increased 48% to $62m with a pretax margin of 32%, compared to income before taxes of $42m with a pretax margin of 31% in 2012. Air Lease Corporation acquired seven aircraft (including five aircraft from its order book and two incremental aircraft), growing its fleet to 162 aircraft spread across a diverse and balanced customer base of 71 airlines in 41 countries.