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Jun 30, 2020
ALC Q2 2020 Earnings Report
Reported healthy second quarter results despite the tough environment for global airlines due to the COVID-19 pandemic.
Key Takeaways
Air Lease Corporation announced healthy second quarter results with an increase of 10.6% in revenues and 14.5% increase in diluted earnings per share despite the challenges posed by the COVID-19 pandemic.
Revenues were $521 million for the three months ended June 30, 2020, an increase of 10.6%.
Diluted earnings per share was $1.26 for the three months ended June 30, 2020, an increase of 14.5%.
Adjusted diluted earnings per share before income taxes was $1.71 for the three months ended June 30, 2020, an increase of 13.2%.
Pre-tax profit margin was 35.3% for the three months ended June 30, 2020, compared to 34.1% for the same period in 2019.
Forward Guidance
Given the dynamic nature of this situation, the impacts of COVID-19 on our business, results of operations and financial condition for the foreseeable future cannot be estimated.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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