- For Q3 2020, the company missed estimates and posted its first quarterly loss since Q3 2017.
- Fly Leasing has decided to move to non-recognition of revenue for certain lessees, but its financials still don’t reflect sinking aircraft values and lease rates on the global market.
- The company’s Q3 presentation contains several misleading statements and the road ahead is likely to be bumpy.
- Fly Leasing has an older fleet and a shorter average remaining lease term compared to AerCap and Air Lease and I continue to think it’s the most vulnerable out of the three.
For further details see:
Fly Leasing - The Devil Is In The Detail