Air Lease Corporation announces fiscal year and fourth quarter 2014 results

Air Lease Corporation reported another consecutive quarter of record fleet, revenue and profitability growth: Diluted EPS increased 32% to US$2.38 per share for the year ended December 31st, 2014 compared to US$1.80 for the year ended December 31st, 2013. Revenues increased 22% to S$1bn for the year ended December 31st, 2014 compared to US$859m for the year ended December 31st, 2013. Revenues increased 18% to US$286m for the three months ended December 31st, 2014 compared to US$243m for the three months ended December 31st, 2013. Income before taxes increased 35% to US$395m with a pretax profit margin of 38%, compared to income before taxes of US$293m with a pretax profit margin of 34% for the previous year. Income before taxes increased 19% to US$108m with a pretax profit margin of 38% compared to income before taxes of US$91m with a pretax profit margin of 37% for 2013. Air Lease Corporation recorded US$20m in gains on aircraft sales, trading and other activity for the three months ended December 31st, 2014 compared to US$17m in gains on aircraft sales, trading and other activity for the three months ended December 31st, 2013.