Printer Friendly

AIRLEASE ANNOUNCES SECOND QUARTER 1992 RESULTS

 AIRLEASE ANNOUNCES SECOND QUARTER 1992 RESULTS
 SAN FRANCISCO, July 17 /PRNewswire/ -- Airlease Ltd., (NYSE: FLY) a


California Limited Partnership, said today that its second quarter net income was $1.4 million or $0.29 per unit, a decline of 26 percent from its second quarter 1991 net income of $1.8 million or $0.39 per unit. Earnings for the first six months of 1992 were $2.7 million or $0.58 per unit, compared with last year's six-month earnings of $3.9 million or $0.85 per unit.
 Revenues for the 1992 second quarter were $3.1 million, a decline of 14 percent from its second-quarter revenues of $3.6 million. Revenues for the first six months of 1992 were $5.9 million, a decline of 20 percent compared with 1991's six-month revenues of $7.5 million.
 The NYSE-listed partnership reported the decline in revenues and earnings reflects three off-lease aircraft which were returned last year and reduced rental payments from Continental under a previously revised lease agreement. These adverse effects were partially offset by an increase in revenue and earnings related to the acquisition and lease of an aircraft to Finnair, which occurred on April 30, 1992.
 The second quarter cash distribution of 42 cents per unit was declared on June 10, 1992, to unitholders of record on June 30, 1992, payable Aug. 14, 1992.
 Three months Six months
 ended June 30, ended June 30,
 (unaudited) (unaudited)
 1992 1991 1992 1991
 (000) (000) (000) (000)
 Revenues $3,068 $3,567 $5,977 $7,489
 Expenses 1,715 1,744 3,267 3,512
 Net income $1,353 $1,823 $2,710 $3,977
 Net income per
 limited
 partnership
 unit 29 cents 39 cents 58 cents 85 cents
 Total units
 outstanding 4,625,000 4,625,000 4,625,000 4,625,000
 -0- 7/17/92
 /CONTACT: Nancy Riess of Airlease, 415-627-9300/
 (FLY) CO: Airlease Ltd. ST: California IN: AIR TRN SU: ERN


MC -- SF010 -- 0485 07/17/92 19:29 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 17, 1992
Words:334
Previous Article:GEORGIA REGIONAL STOCK REPORT FOR FRIDAY, JULY 17
Next Article:THE SANDS REGENT ANNOUNCES TERMINATION OF AGREEMENT TO ACQUIRE CMS INTERNATIONAL
Topics:


Related Articles
AIRLEASE LTD. ANNOUNCES 1991 RESULTS
AIRLEASE LTD. ANNOUNCES THIRD QUARTER 1992 RESULTS
AIRLEASE LTD. ANNOUNCES 1992 RESULTS
AIRLEASE ANNOUNCES INCREASED FIRST QUARTER 1993 RESULTS AND THE RE-LEASE OF TWO 727-200 ADVANCED AIRCRAFT
AIRLEASE ANNOUNCES INCREASED SECOND QUARTER 1993 RESULTS
AIRLEASE ANNOUNCES INCREASED THIRD QUARTER RESULTS
AIRLEASE LTD. ANNOUNCES HIGHER 1993 EARNINGS
AIRLEASE LTD. ANNOUNCES FIRST-QUARTER RESULTS
AIRLEASE LTD. ANNOUNCES SECOND-QUARTER RESULTS AND SALE OF SIX 737-200 AIRCRAFT
Airlease Ltd. Announces Second-Quarter Results

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters