FLY is reporting a net loss of US$63.8m for the fourth quarter of 2016. The loss is primarily driven by a US$92m non-cash impairment charge taken on three older, out-of-production wide-body aircraft. In the fourth quarter of 2015, FLY reported net income of US$19.1m. The net loss for the year ended December 31, 2016 was US$29.1m compared to net income of US$22.8m for the year ended December 31, 2015. Adjusted Net Income was US$30.6m for the fourth quarter of 2016 compared to US$48.3m in the same period in the previous year. For the year ended December 31, 2016, adjusted net income was US$79.3m compared to US$132.0m for the year ended December 31, 2015.
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Tamar Jorssen
Vice President Sales & Marketing
+1.778.213.8543
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Suite 305, South Tower
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Richmond, BC V6X 3M1
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada