Air Lease Corporation (AL)
Market Cap | 5.30B |
Revenue (ttm) | 2.73B |
Net Income (ttm) | 372.07M |
Shares Out | 111.38M |
EPS (ttm) | 3.33 |
PE Ratio | 14.30 |
Forward PE | 12.24 |
Dividend | $0.88 (1.85%) |
Ex-Dividend Date | Mar 18, 2025 |
Volume | 909,569 |
Open | 50.87 |
Previous Close | 50.61 |
Day's Range | 47.37 - 51.16 |
52-Week Range | 39.39 - 52.31 |
Beta | 1.60 |
Analysts | Strong Buy |
Price Target | 57.40 (+20.51%) |
Earnings Date | Feb 13, 2025 |
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
In 2024, Air Lease's revenue was $2.73 billion, an increase of 1.81% compared to the previous year's $2.68 billion. Earnings were $372.07 million, a decrease of -35.06%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for AL stock is "Strong Buy." The 12-month stock price forecast is $57.4, which is an increase of 20.51% from the latest price.
News
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Air Lease Corporation Announces Lease Placement of Five New Airbus A321neo LR/XLR Aircraft with Qanot Sharq (Uzbekistan)
LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced long-term lease agreements with Qanot Sharq Airlines for five new Airbus A321neo aircraft, including three A321-200neo XL...
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Air Lease Corporation (AL) Q4 2024 Earnings Call Transcript
Air Lease Corporation (NYSE:AL) Q4 2024 Earnings Conference Call February 13, 2024 4:30 PM ET Company Participants Jason Arnold - Head, IR Steven Hazy - Executive Chairman John Plueger - CEO and Pres...
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Air Lease Corp reports lower revenue as jet delivery delays bite
Air Lease Corp on Thursday reported lower quarterly revenue as lessors wrestle with delays in taking deliveries of commercial jets from planemakers Boeing and Airbus despite strong travel demand.
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Air Lease Corporation Announces Fourth Quarter and Fiscal Year 2024 Results
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (ALC) (NYSE: AL) announces financial results for the three months and year ended December 31, 2024. “ALC generated record revenues in 2024, driven b...
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KBRA Assigns Short-Term Rating to Air Lease Corporation's Unsecured Commercial Paper Program
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a K1 short-term debt rating to the up to $2 billion Unsecured Commercial Paper Notes Program (“CP Notes”) expected to be issued by Air Lea...
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Air Lease Corporation Announces $2.0 Billion Commercial Paper Program
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) (the “Company”) announced today the establishment of its commercial paper program (the “Program”). Under the terms of the program, the Co...
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Top lessor Air Lease says some aircraft manufacturer delays getting worse
Delays in deliveries from major aircraft manufacturers are in some cases getting worse, and estimates of delay time can not be trusted, Steven Udvar-Hazy, the executive chairman of Air Lease Corp said...
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Air Lease Corporation Activity Update for the Fourth 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 fourth quarter of 2024. A...
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Air Lease Corporation Announces Fourth Quarter and Year End 2024 Earnings Conference Call
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) will host a conference call on February 13, 2025 at 4:30 PM Eastern Time to discuss the Company's financial results for the fourth quarte...
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Air Lease Corporation Announces Closing of $966.5 Million Unsecured Term Loan Facility
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) announced today the closing of a new $966.5 million unsecured term loan facility that matures in December 2027. The proceeds of the loan ...
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17 Upcoming Dividend Increases, Including A King
With the holiday season underway, I present 17 companies with dividend increases for 2024, including Becton, Dickinson, and Company, a dividend king with a 52-year streak. My strategy focuses on buyin...
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Air Lease Corporation: Aircraft Values Are Firmly Supported And So Is Upside For The Stock
Air Lease Corporation's stock has risen 30% since August, driven by a 4.7% revenue increase and higher aircraft sales despite higher operating expenses. Net spread remains pressured due to the inabili...
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Air Lease Corporation (AL) Q3 2024 Earnings Conference Call Transcript
Air Lease Corporation (AL) Q3 2024 Earnings Conference Call Transcript
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Air Lease Corporation Announces Third Quarter 2024 Results
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (ALC) (NYSE: AL) announces financial results for the three and nine months ended September 30, 2024. “Demand for commercial aircraft remains high, a...
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Air Lease Corporation Activity Update for the Third 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 third quarter of 2024. As...
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Air Lease Corporation Announces Third Quarter 2024 Earnings Conference Call
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) will host a conference call on November 7, 2024 at 4:30 PM Eastern Time to discuss the Company's financial results for the third quarter ...
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Air Lease Corporation Announces Delivery of First of Six New Airbus A220-300 Aircraft to TAAG Angola Airlines
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) announced the delivery of one new Airbus A220-300 to TAAG Angola Airlines, the national carrier of Angola. This is the first A220 aircraf...
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Air Lease Corporation Announces Pricing of $300 Million Offering of Preferred Stock
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) (the “Company”) announced the pricing today of its public offering of 300,000 shares (the “Shares”) of 6.00% Fixed-Rate Reset Non-Cumulat...
Aviation leasing: Why AerCap is flying higher than Air Lease
The aviation industry is in the spotlight as part of today's Good Buy or Goodbye. Citi Research Managing Director and Airlines Analyst Stephen Trent joins Julie Hyman to talk about aviation lease oper...
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Air Lease Corporation Executive Chairman to Speak at Deutsche Bank Aircraft Finance & Leasing Conference
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) announced today that Steven F. Udvar-Házy, Executive Chairman, will be presenting at the Deutsche Bank 14th Annual Aircraft Finance & Lea...
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Air Lease Corporation Preferred Stock: An 8.6% High-Yield Dividend Idea
Air Lease Corporation preferred stock offers a compelling proposition for income investors. Fixed-floating rate preferred stock offers a higher yield than common stock with limited risk. Air Lease Cor...
Trade Tracker: Sarat Sethi sells Air Lease
Sarat Sethi, Managing Partner at DCLA, joins CNBC's "Halftime Report" to explain his recent sale of Air Lease.
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Air Lease Corporation Announces Delivery of First of Ten New Boeing 787-10 Aircraft to Korean Air
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) announced the delivery of one new Boeing 787-10 to Korean Air. This aircraft is the first of ten 787-10s confirmed to deliver to the Kore...
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Air Lease Stock Crashes On Recession Fears, But Remains A Buy
Air Lease Corporation stock tumbled 14% due to negative market sentiment. Margins under pressure with decreased revenues and increased expenses. Despite recession fears, Air Lease Corporation remains ...