Fly Leasing Limited (NYSE: FLY), a global provider of aircraft leasing, has announced its financial results for the first quarter of 2018, the company said.
FLY is reporting net income of USD 9.6 million, or USD 0.34 per share, for the first quarter of 2018. This compares to net income of USD 5.1 million, or USD 0.16 per share, for the same period in 2017.
Adjusted Net Income was USD 12.4 million for the first quarter of 2018, compared to USD 5.9 million for the same period in the previous year. On a per share basis, Adjusted Net Income was USD 0.44 in the first quarter of 2018, compared to USD 0.18 for the first quarter of 2017.
FLY is a global aircraft leasing company with a fleet of modern, high-demand, and fuel efficient commercial jet aircraft. FLY leases its aircraft under multi-year lease contracts to a diverse group of airlines throughout the world. FLY is managed and serviced by BBAM LP, a worldwide provider of aircraft lease management and financing.