Air Lease Corporation (AL)
Market Cap | 5.34B |
Revenue (ttm) | 2.74B |
Net Income (ttm) | 490.15M |
Shares Out | 111.38M |
EPS (ttm) | 4.39 |
PE Ratio | 10.92 |
Forward PE | 12.34 |
Dividend | $0.84 (1.75%) |
Ex-Dividend Date | Sep 6, 2024 |
Volume | 379,821 |
Open | 48.21 |
Previous Close | 48.23 |
Day's Range | 47.56 - 48.21 |
52-Week Range | 37.65 - 52.31 |
Beta | 1.60 |
Analysts | Strong Buy |
Price Target | 55.25 (+15.3%) |
Earnings Date | Nov 7, 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 4 analysts, the average rating for AL stock is "Strong Buy." The 12-month stock price forecast is $55.25, which is an increase of 15.30% from the latest price.
News
Air Lease Corporation (AL) Q3 2024 Earnings Conference Call Transcript
Air Lease Corporation (AL) Q3 2024 Earnings Conference Call Transcript
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...
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...
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 ...
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...
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...
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...
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.
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...
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 ...
Air Lease Corporation (AL) Q2 2024 Earnings Call Transcript
Air Lease Corporation (NYSE:AL) Q2 2024 Earnings Conference Call August 1, 2024 4:30 PM ET Company Participants Jason Arnold - Head of IR Steven Hazy - Executive Chairman John Plueger - CEO and Presi...
Air Lease Corporation Announces Second Quarter 2024 Results
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (ALC) (NYSE: AL) announces financial results for the three and six months ended June 30, 2024. “We continue to feel the effects of ongoing delays fr...
Sila Realty Trust, Inc. Completes $28.25 Million Acquisition of Fort Smith Inpatient Rehabilitation Facility
TAMPA, Fla.--(BUSINESS WIRE)--Sila Realty Trust, Inc. Completes $28.25 Million Acquisition of Fort Smith Inpatient Rehabilitation Facility.
Air Lease Corporation Announces Delivery of First of Six New Airbus A220 Aircraft to Croatia Airlines
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) announced the delivery of one new Airbus A220-300 aircraft to Croatia Airlines. This is the first A220 to join the Croatian carrier's fle...
Air Lease Corporation Announces the Delivery of One Airbus A321-200neo Aircraft to Centrum Air (Uzbekistan)
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) announced the long-term lease placement and delivery of one used Airbus A321-200neo aircraft with Centrum Air (Uzbekistan), one of the le...
Air Lease CEO on global airline demand and geopolitical uncertainty
John Plueger, CEO of Air Lease, joins from the Farnborough Air Show to discuss global air travel demand.
Air Lease Corporation Announces Delivery of First of 19 New Airbus Aircraft to Condor, Germany
LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced the delivery of one new Airbus A321-200neo to Condor. This aircraft is the first of 19 new Airbus aircraft confirmed to d...
Air Lease Corporation Activity Update for the Second 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 second quarter of 2024. A...
Air Lease Corporation Announces Second Quarter 2024 Earnings Conference Call
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) will host a conference call on August 1, 2024 at 4:30 PM Eastern Time to discuss the Company's financial results for the second quarter o...
Air Lease Corporation Announces Pricing of Public Offering of $1.2 Billion of Senior Unsecured Medium-Term Notes
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) (the “Company”) announced the pricing on June 17, 2024 of its public offering of $600.0 million aggregate principal amount of 5.30% senio...
Air Lease Corporation: I Am Bullish On Airplane Shortage Navigation
Air Lease Corporation Q1 2024 earnings declined, with lease revenues decreasing and interest expenses and depreciation increasing. The company faces risks from continued delays in airplane deliveries ...
Air Lease Corporation (AL) Q1 2024 Earnings Call Transcript
Air Lease Corporation. (NYSE:AL) Q1 2024 Earnings Conference Call May 6, 2024 4:30 PM ET Company Participants Jason Arnold - Head of Investor Relations Steven Hazy - Executive chairman John Plueger -...
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.