Willis Lease Finance ( (WLFC) ) has shared an update.
Willis Lease Finance Corporation reported record financial results for 2024, with total revenues reaching $569.2 million and pre-tax income at $152.6 million. The company experienced significant growth in core lease rent and maintenance reserve revenues, driven by a robust aviation market, and successfully reinvested earnings into high-demand engines and aircraft. The book value of lease assets increased significantly, and the company expanded its credit facility to support further growth. These achievements reflect the company’s strong market position and operational efficiency, benefiting stakeholders through increased dividends and asset value.
More about Willis Lease Finance
Willis Lease Finance Corporation leases large and regional spare commercial aircraft engines, auxiliary power units, and aircraft to airlines, aircraft engine manufacturers, and maintenance, repair, and overhaul providers worldwide. The company integrates these leasing activities with engine and aircraft trading, engine lease pools, and asset management services through Willis Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc.
YTD Price Performance: -11.69%
Average Trading Volume: 36,275
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.21B
See more insights into WLFC stock on TipRanks’ Stock Analysis page.
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