Fly Leasing reports Q3 financial results

Fly Leasing has reported net income of $51.7 million, $1.67 per share, for the third quarter of 2019. Adjusted net income was $59.8 million or $1.93 per share. Fly’s return on equity was 26.6%, with adjusted return on equity of 30.8% “FLY continued to produce excellent results in the third quarter, with Adjusted Net Income of nearly $60 million, or $1.93 per share,” said Colm Barrington, FLY’s Chief Executive Officer. “This was our sixth straight quarter of double-digit ROE, with Adjusted Return on Equity of over 30%. In the nine months ended September 30, FLY produced Adjusted Net Income of $168.9 million, or