Willis Lease Finance Corporation reports third quarter pre-tax profit of $6 million

Willis Lease Finance Corporation (Willis) has reported third quarter total revenues of $70.6 million and pre-tax profit of $6.0 million. The company reported lower revenue in the third quarter of 2020 as compared to the prior year period, primarily due to the impact of the COVID-19 pandemic. For the third quarter of 2020, aggregate lease rent and maintenance reserve revenues were $62.3 million and spare parts sales were $2.9 million. “We are pleased to have produced $6.0 million of pre-tax profit in the third quarter as we manage through the substantial impact the pandemic continues to have on our industry,”