Willis Lease Finance Corporation Reports Impressive Third Quarter Performance and Strong Credit Position amid Aviation Sector Growth
Coconut Creek, FL, Nov.5, 2024 Willis Lease Finance Corporation has announced robust financial results for the third quarter of 2024, highlighting a pre-tax income of $34.5 million.This figure represents a remarkable increase of 69% compared to the same quarter in the previous year.Following this impressive financial performance, the Board of Directors has declared a recurring quarterly dividend of $0.25 per share of common stock.
Correction on Financial Metrics
In a related press release, it was acknowledged that the reported figure of $48.5 million in short-term maintenance revenues was mistakenly indicated as the cumulative amount for the first three quarters of 2024.In fact, this amount was earned solely during the third quarter, underscoring the company’s strong operational performance during this period.
Strategic Financial Positioning
On November 4, 2024, just ahead of its quarterly results announcement, Willis Lease made
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