Air Lease logo is seen displayed in this illustration taken, May 4, 2022.
REUTERS/Dado Ruvic/IllustrationAug 3 (Reuters) - Aircraft lessor Air Lease Corp (AL.N) on Thursday posted a 15% rise in second-quarter profit on Thursday, as airlines look to expand capacity to cater to a strong pent-up travel demand.
This has also led to high leasing rates boosting profit for aircraft lessors.
The company reported a net profit of $122 million, or $1.10 per share, for the three months ended June 30, compared with a profit of $105.9 million, or 95 cents per share, a year ago.
Reporting by Shivansh Tiwary in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.
Persons:
Dado Ruvic, Shivansh, Arun Koyyur
Organizations:
REUTERS, Aircraft, Air Lease Corp, Leasing, Boeing, Airbus, Thomson
Locations:
Bengaluru