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Avolon earnings hit €69m in second quarter

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Andy Cronin, Avolon chief executive says the Irish aircraft lessor had an excellent second quarter. Photograph: Nathan Laine/BloombergProfits at aircraft lessor Avolon rose more than 900 per cent to $76 million in the three months ended June 30th, new figures show.

The Dublin-headquartered company said on Thursday that lease revenues rose 22 per cent to $613 million during the second quarter of the year from $539 million during the same period in 2022. Net income was $76 million for the quarter, nine and a half times the $8 million that Avolon earned in the three months to June 30th last year.READ MORE

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