Record Results by Willis Lease Finance Corporation with First Quarter Pre-tax Income of $29.9 million

May 2, 2024

https://www.globenewswire.com/news-release/2024/05/02/2873980/9504/en/Record-Results-by-Willis-Lease-Finance-Corporation-with-First-Quarter-Pre-tax-Income-of-29-9-million.html

COCONUT CREEK, Fla., May 02, 2024 (GLOBE NEWSWIRE) — Willis Lease Finance Corporation (NASDAQ:WLFC) (“WLFC”) today reported record first quarter total revenues of $119.1 million and record quarterly pre-tax income of $29.9 million. For the three months ended March 31, 2024, aggregate, core lease rent and maintenance reserve revenues were at an all-time high of $96.8 million, up 26% as compared to $76.7 million in 2023. The growth was predominantly driven by core, recurring lease and maintenance revenues associated with a strong, resurging aviation marketplace, and airlines leveraging our leasing, parts and maintenance capabilities in order to avoid protracted engine shop visits.

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