Fly Leasing (FLY) Tops Q2 EPS by 18c

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FLY Leasing Reports Second Quarter 2015 Financial Results

July 29, 2015 7:01 AM EDT

DUBLIN, July 29, 2015 /PRNewswire/ -- FLY Leasing Limited (NYSE: FLY) ("FLY"), a global lessor of modern, fuel-efficient commercial jet aircraft, today announced its financial results for the second quarter of 2015.

Second Quarter 2015 Highlights

Adjusted Net Income of $9.5 million, or $0.23 per share Net loss of $58.3 million after a $65.4 million impairment charge Contracted to sell 33 aircraft which will generate a $35 million pre-tax gain Re-priced Term Loan, saving $4 million in annual interest cost... More