Air Lease Corporation Q1 2014 Results

During the three months to March 31, 2014, Air Lease Corporation (ALC) has reported diluted EPS up by 50% to $0.57 per share compared to $0.38 per share for the same period last year. Revenues increased 28% to $246 million, compared to $192 million in the 2013 period. Income before taxes increased 54% to $95 million with a pretax margin of 39% compared to income before taxes of $62 million with a pretax margin of 32% for the three months ended March 31, 2013. ALC recorded $15.9 million in gains on aircraft sales, trading and other activity, and placed orders