Willis Lease Finance reports second quarter pre-tax profit  

Willis Lease Finance Corporation (WLFC) has reported second quarter total revenues of $75.0 million and pre-tax profit of $9.7 million. The company reported lower revenue in the second quarter of 2020 than the prior year period due primarily to the impact the COVID-19 pandemic has had on the aviation industry, generally, leading to reduced revenues in the core leasing business. Aggregate lease rent and maintenance reserve revenues were $68.4 million for the second quarter of 2020. “We are pleased to have maintained profitability in the second quarter, with $9.7 million of reported pre-tax income, given the unprecedented impacts the COVID-19