Air Lease Corporation (AL)

NYSE: AL · Real-Time Price · USD
47.63
-2.98 (-5.89%)
Feb 21, 2025, 4:00 PM EST - Market closed
-5.89%
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]

Sector Industrials
IPO Date Apr 19, 2011
Employees 163
Stock Exchange NYSE
Ticker Symbol AL
Full Company Profile

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 Statements

Analyst 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.

Price Target
$57.4
(20.51% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

3 days ago - Business Wire

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...

8 days ago - Seeking Alpha

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.

8 days ago - Reuters

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...

8 days ago - Business Wire

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...

4 weeks ago - Business Wire

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...

4 weeks ago - Business Wire

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...

5 weeks ago - Reuters

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...

6 weeks ago - Business Wire

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...

6 weeks ago - Business Wire

The Best Industrial Stocks to Buy

Industrial stocks might not be the most exciting positions to own, but they play a vital role in any well-rounded portfolio. Here's how to find the best ones.

Other symbols: CNXCCSGSEMRFDXGDHILHX
2 months ago - Kiplinger

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 ...

2 months ago - Business Wire

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...

Other symbols: ADPAIZAVNTBDXHPQKTBMSI
2 months ago - Seeking Alpha

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...

3 months ago - Seeking Alpha

Air Lease Corporation (AL) Q3 2024 Earnings Conference Call Transcript

Air Lease Corporation (AL) Q3 2024 Earnings Conference Call Transcript

3 months ago - Seeking Alpha

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...

3 months ago - Business Wire

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...

4 months ago - Business Wire

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 ...

5 months ago - Business Wire

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...

5 months ago - Business Wire

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...

5 months ago - Business Wire

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...

Other symbols: AER
6 months ago - Yahoo Finance

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...

6 months ago - Business Wire

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...

6 months ago - Seeking Alpha

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.

6 months ago - CNBC Television

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...

7 months ago - Business Wire

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 ...

7 months ago - Seeking Alpha