ALC results

For the full year 2014, Air Lease Corporation (ALC) posted revenues of $1 billion – a rise of 22% compared to $859 million for the year ended December 31, 2013. This is the first time ALC has generated over $1bn in its history. Income before taxes increased 35% to $395 million with a pretax profit margin of 38% for the year compared to income before taxes of $293 million with a pretax profit margin of 34% in 2013. For the fourth quarter of 2014, ALC revenues increased 18% to $286 million, with income before taxes up by 19% to $108