AeroCentury reported a net loss of $3.9 million for Q2/14 compared to net income of $1.3 million for Q2/13. The company reported a net loss of $3.6 million for H1/14, compared to net income of $5.2 million for H1/13.
Total revenues were $7.9 million and $15.9 million for Q2/14 and H1/14, respectively, compared to total revenues of $7.9 million and $20.0 million, respectively, for the same periods a year ago.
The company noted that total expenses increased by $8.0 million and $8.8 million, respectively, in the second quarter of and first six months of 2014 as compared to the same periods in 2013. During the second quarter of 2014, the company recorded impairments totaling $6.8 million for five of its Fokker 100 aircraft, based on appraisal.
Fraudulent activities pose a significant threat to lenders, and combatting this ever-evolving nuisance requires a collective effort. With fraud levels on the rise, digital fraud losses are expected to surpass $343 billion1 globally from 2023 to 2027. In the financial... read more
Renowned futurist Alvin Toffler wrote, “In the 21st century, illiteracy won’t result from an inability to read and write, but from a failure to learn, unlearn and relearn.” Leaders are challenged to build culture and enhance performance in a rapidly... read more