ALC reports Q3 and 9m results

Air Lease Corporation (ALC) has announced sound financial results for the three and nine months ended September 30, 2022. ALC’s total revenues for the three months to the end September 30, 2022 increased by 7.0% to $561.3 million compared to the prior-year quarter. The increase in total revenues was primarily driven by the continued growth in the fleet, significantly lower lease restructuring losses and higher aircraft sales, trading and other revenue, offset by the loss of rental revenue from the termination of our leasing activities in Russia and cash basis accounting. ALC stated that the increase in aircraft sales, trading