FLY Leasing report Q3 2014 results

FLY Leasing has posted net income of $15.4 million, $0.37 per share, for the third quarter of 2014, compared to $0.3 million and $0.00 in the same period in 2013. Total revenues increased 33% to $105.5 million.  Operating lease rental revenue for the third quarter of 2014 was $105.1 million compared to $78.4 million for the same period in the previous year, an increase of 34%.  The increase was driven by the larger portfolio and improved utilization.  The third quarter 2014 results include $14.2 million in end of lease income, compared to $17,000 in the third quarter of 2013. FLY’s