ALC increases profits in Q3

Air Lease Corporation (ALC) has recorded its third quarterly positive pre-tax income of $28.3 million and net income of $18.3 million and recorded cash flow from operations of $83.1 million. ALC’s pretax profit margin increased to 31% for Q3 2011 compared to 15% for Q2 2011. Revenues increased 24% to $92.1 million and pretax income increased 160% to $28.3 million compared to Q2 2011. Net income increased 160% to $18.3 million, compared to Q2 2011. Adjusted net income increased 29% to $25.1 million and adjusted EBITDA increased 27% to $80.0 million, compared to Q2 2011. Quarterly cash provided by operating