Air Lease Corporation (AL)
Market Cap | 5.51B |
Revenue (ttm) | 2.71B |
Net Income (ttm) | 552.07M |
Shares Out | 111.37M |
EPS (ttm) | 4.96 |
PE Ratio | 9.97 |
Forward PE | 9.60 |
Dividend | $0.84 (1.70%) |
Ex-Dividend Date | Jun 4, 2024 |
Volume | 196,214 |
Open | 49.98 |
Previous Close | 50.17 |
Day's Range | 49.17 - 50.07 |
52-Week Range | 33.33 - 52.31 |
Beta | 1.63 |
Analysts | Buy |
Price Target | 54.00 (+9.09%) |
Earnings Date | May 6, 2024 |
About AL
Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. The company provides fleet management services to investors and owners of aircraft portfolios. As of December 31, 2023, it owned a fleet of 463 aircraft, including 345 narrowbody aircraft and 118 widebody aircraft. Air Lease Corporation was incorporated in 2010 and... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for AL stock is "Buy." The 12-month stock price forecast is $54.0, which is an increase of 9.09% from the latest price.
News
Air Lease Q1 profit misses estimates on higher interest expenses
Air Lease Corp reported a lower-than-expected quarterly profit on Monday as it made higher interest payments on funds borrowed to finance aircraft purchases.
Air Lease Corporation Announces First Quarter 2024 Results
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (ALC) (NYSE: AL) announces financial results for the three months ended March 31, 2024. “With aircraft in short supply and values rising, we benefit...
Air Lease Corporation Increases Senior Unsecured Revolving Credit Facility to $7.8 Billion
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) amended and extended its senior unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent whereby the c...
Air Lease Corporation Activity Update for the First Quarter of 2024
LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced an update on aircraft investments, sales, and significant financing activities occurring in the first quarter of 2024. As...
Air Lease Corporation Announces First Quarter 2024 Earnings Conference Call
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) will host a conference call on May 6, 2024 at 4:30 PM Eastern Time to discuss the Company's financial results for the first quarter of 20...
Air Lease Corporation Announces Closing of Offering of €600 Million of Senior Unsecured Medium-Term Notes
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) (the “Company”) announced the closing on March 27, 2024 of its previously announced offering of €600 million aggregate principal amount o...
KBRA Affirms Air Lease's A- Issuer, Senior Unsecured Debt Ratings and BBB Preferred Share Rating with Stable Outlook and Assigns A- Rating to Air Lease's Medium-Term Notes
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA affirms the A- issuer and senior unsecured debt ratings as well as the BBB rating for the preferred shares for Air Lease Corporation (NYSE: AL, “t...
Air Lease Corporation Announces Pricing of Offering of €600 Million of Senior Unsecured Medium-Term Notes
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) (the “Company”) announced the pricing on March 20, 2024 of its offering of €600 million aggregate principal amount of 3.70% senior unsecu...
Air Lease Corporation Announces Lease Placement of Two New Airbus A321neo Aircraft with Transavia
LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced long-term lease agreements for two new Airbus A321-200neo aircraft with Transavia. Confirmed to deliver in late 2025 and ...
Air Lease Corporation to Speak at J.P. Morgan Industrials Conference
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) announced today that Steven F. Udvar-Házy, Executive Chairman, John L. Plueger, Chief Executive Officer and President, and Gregory B. Wil...
Super Micro Computer and Deckers Outdoor Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600
NEW YORK , March 1, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the ...
Air Lease Corporation Announces Lease Placement of Three New Boeing 787 Aircraft with Thai Airways International
LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced long-term lease agreements for three new Boeing 787-9 aircraft with Thai Airways International. These three Dreamliner ai...
Air Lease Corporation Announces Pricing of Offering of C$400 Million of Senior Unsecured Medium-Term Notes
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) (the “Company”) announced the pricing on February 20, 2024 of its offering of C$400 million aggregate principal amount of additional 5.40...
Air Lease Corporation Announces Fourth Quarter & Fiscal Year 2023 Results
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (ALC) (NYSE: AL) announces financial results for the three months and year ended December 31, 2023. “Fourth quarter and full-year performance at ALC...
Air Lease Corporation Announces Pricing of Public Offering of $500.0 Million of Senior Unsecured Medium-Term Notes
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) (the “Company”) announced the pricing on January 17, 2024 of its public offering of $500.0 million aggregate principal amount of 5.100% s...
Air Lease Corporation Activity Update for the Fourth Quarter of 2023
LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced an update on aircraft investments, sales, and significant financing activities occurring in the fourth quarter of 2023. A...
Air Lease Corporation Announces Fourth Quarter and Year End 2023 Earnings Conference Call
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) will host a conference call on February 15, 2024 at 4:30 PM Eastern Time to discuss the Company's financial results for the fourth quarte...
Air Lease gets insurance settlement for four jets stranded in Russia
Dec 22 (Reuters) - Air Lease (AL.N) said on Friday it had received about $64.9 million in cash as part of an insurance claim settlement for four Airbus jets it had leased to a Russian carrier, which w...
Air Lease Corporation Announces Delivery of First of Seven New Airbus A321-200neo Aircraft to Transavia
LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced one new Airbus A321-200neo aircraft delivered to Transavia. This aircraft is the first of seven new Airbus A321s confirme...
Air Lease Corporation Announces Delivery of One New Airbus A321-200neo and One New Airbus A330-900neo Aircraft to Sunclass Airlines
LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced two new Airbus aircraft delivered to Sunclass Airlines of Denmark, including one new A321-200neo and one new A330-900neo....
Air Lease Corporation Announces Delivery of First of 25 New Boeing 737-8 Aircraft to Malaysia Airlines Berhad
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) announced today the first of 25 new Boeing 737-8 aircraft delivered to Malaysia Airlines Berhad from ALC's order book with Boeing. Featur...
Air Lease Corporation Announces Delivery of First of Eight New Airbus A321 Aircraft to LATAM Airlines
LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced one new Airbus A321-200neo aircraft delivered to LATAM Airlines. This A321-200neo aircraft is the first of eight new Airb...
Air Lease Corporation Announces Pricing of Offering of C$500 Million of Senior Unsecured Medium-Term Notes
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) (the “Company”) announced the pricing on November 20, 2023 of its offering of C$500 million aggregate principal amount of 5.400% senior u...
Air Lease Corporation Announces Lease Placement of 18 New Boeing 737-8 Aircraft with EGYPTAIR
DUBAI, United Arab Emirates--(BUSINESS WIRE)--DUBAI AIR SHOW – Today Air Lease Corporation (NYSE: AL) announced long-term lease contracts for 18 new Boeing 737-8 aircraft with EGYPTAIR. These new Boei...
Air Lease Corporation Announces Delivery of First of Nine New Airbus A321-200neo Aircraft to ITA Airways
LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced one new Airbus A321-200neo aircraft delivered to ITA Airways. This aircraft is the first of nine new Airbus A321s confirm...