Willis Lease Finance Reports Third Quarter EPS of $.25

Willis Lease Finance Corporation WLFC reported net income of $3.1 million in the third quarter of 2010, compared to $9.3 million in the third quarter a year ago. After payment of preferred dividends, net income available to common shareholders was $2.3 million or $0.25 per diluted common share in the third quarter of 2010, compared to $1.1 million or $0.12 per diluted share in the second quarter of 2010 and $8.5 million or $0.93 per diluted share in the third quarter a year ago. For the first nine months of 2010, net income available to common shareholders totaled $5.7 million or $0.62 per diluted share compared to $19.0 million or $2.10 per diluted share in the first nine months of 2009.