Air Lease Corporation announced strong financial results for the first quarter ended March 31, 2025, with total revenues increasing by 11.3% year-over-year to $738.3 million. This growth was primarily driven by fleet expansion and healthy aircraft sales gains.
Net income attributable to common stockholders saw a dramatic increase, reaching $364.8 million, or $3.26 per diluted share, compared to $97.4 million, or $0.87 per diluted share, in Q1 2024. This significant jump was largely due to a net benefit of $331.9 million recognized from the settlement of insurance claims related to aircraft detained in Russia.
Adjusted net income before income taxes, a non-GAAP measure, also grew to $169.5 million ($1.51 per adjusted diluted share) from $146.3 million ($1.31 per adjusted diluted share) in the prior year. The company reported total liquidity of $7.4 billion and a composite cost of funds at 4.26% as of March 31, 2025.
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