Printer Friendly

AIRLEASE LTD. ANNOUNCES FIRST QUARTER 1992 RESULTS

 AIRLEASE LTD. ANNOUNCES FIRST QUARTER 1992 RESULTS
 SAN FRANCISCO, April 24 /PRNewswire/ -- Airlease Ltd. (NYSE: FLY), a California Limited Partnership, said today that its first quarter 1992 net income was $1.4 million or $0.29 per unit. a decline of 37 percent from its first quarter 1991 net income of $2.2 million or $0.46 per unit. Revenues for the 1992 first quarter were $2.9 million compared with 1991 first quarter revenues of $3.9 million.
 The NYSE-listed partnership (FLY) reported that the decline in earnings and revenues reflects three off-lease aircraft which were returned last year and reduced rental payments from Continental under its 1991 revised lease agreement. TWA, which became delinquent in its rental payments after declaring bankruptcy in January, has remitted its past-due payments and is current in its payments on the one MD-82 aircraft which is 50 percent owned by the partnership.
 The first quarter cash distribution of 42 cents per unit was declared on March 11, 1992, to unitholders of record on March 31, 1992, payable May 15, 1992.
 For the three months ended March 31,
 (unaudited)
 1992 1991
 (000) (000)
 Revenues $2,909 $3,922
 Expenses 1,552 1,768
 Net income 1,357 2,154
 Net income per limited
 partnership unit 29 cents 46 cents
 Total units outstanding 4,671,717 4,671,717
 -0- 4/24/92
 /CONTACT: Nancy Riess of Airlease Ltd., 415-627-9300/
 (FLY) CO: Airlease Ltd. ST: California IN: AIR SU: ERN


DG-RM -- SF005 -- 2781 04/24/92 18:55 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:Apr 24, 1992
Words:254
Previous Article:NEW YORK STOCK EXCHANGE CLOSING, TUESDAY, APRIL 14 /PRN/
Next Article:AEROSPACE WORKERS RALLY TO SAVE JOBS, APRIL 29


Related Articles
AIRLEASE LTD. ANNOUNCES FIRST QUARTER 1992 CASH DISTRIBUTION; DISCUSSES TRANS WORLD AIRLINES BANKRUPTCY
AIRLEASE LTD. ANNOUNCES SECOND QUARTER 1992 CASH DISTRIBUTION
AIRLEASE ANNOUNCES SECOND QUARTER 1992 RESULTS
AIRLEASE LTD. ANNOUNCES THIRD-QUARTER 1992 CASH DISTRIBUTION
AIRLEASE LTD. ANNOUNCES THIRD QUARTER 1992 RESULTS
AIRLEASE LTD. ANNOUNCES 1992 RESULTS
AIRLEASE ANNOUNCES FIRST QUARTER 1993 CASH DISTRIBUTION
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 LTD. ANNOUNCES HIGHER 1993 EARNINGS

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters