Willis Lease reports record first quarter revenue

Willis Lease Finance Corporation (Willis Lease) has reported record first quarter total revenues of $119.1 million and a record quarterly pre-tax income of $29.9 million. For the three months ended March 31, 2024, core lease rent and maintenance reserve revenues were at an all-time high of $96.8 million, up 26% as compared to $76.7 million in 2023. The growth was predominantly driven by core, recurring lease and maintenance revenues associated with a strong, resurgent aviation marketplace, and airlines leveraging leasing, parts and maintenance capabilities in order to avoid protracted engine shop visits. The company generated a quarterly record of $29.9