Fly Leasing reports significant hike in income in Q1 2019 results

Fly Leasing is reporting net income of $45 million, or $1.38 per share, for the first quarter of 2019, a significant increase from $9.6 million, or $0.34 per share, in its net income in the same period of 2018. Adjusted net income was also up significantly for the group at $47.2 million, up from $12.4 million for the same period last year. On a per share basis, adjusted net income for the first three months of 2019 was up to $1.44, compared to $0.44 for the first quarter of 2018. “FLY has started the year with a very strong first