FLY Leasing has reported a net income of $27.7 million, or $0.68 per share, for the fourth quarter of 2015. Adjusted Net Income was $62.7 million, $1.54 per share. For the full year 2015, FLY’s net income was $6.6 million, or $0.13 per share. Adjusted net income was $131.0 million, $3.17 per share. During the year, FLY managed to reduce its SG&A by $7.3 million, year over year, re-price its $500 million Term Loan, saving $4 million in annual interest cost, and complete a $100 million share repurchase program. “FLY has completed a major transformation, and enters 2016 with a
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.