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Air Lease Corporation (AL)

NYSE: AL · IEX Real-Time Price · USD
44.70 1.14 (2.62%)
Dec 8, 2021 4:00 PM EST - Market closed
Market Cap5.10B
Revenue (ttm)1.98B
Net Income (ttm)373.09M
Shares Out113.99M
EPS (ttm)3.25
PE Ratio13.75
Forward PE7.87
Dividend$0.67 (1.49%)
Ex-Dividend DateDec 16, 2021
Volume413,561
Open43.98
Previous Close43.56
Day's Range43.55 - 44.85
52-Week Range36.52 - 52.96
Beta2.02
AnalystsStrong Buy
Price Target55.38 (+23.9%)
Earnings DateNov 4, 2021

About AL

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of new commercial jet aircraft to airlines worldwide. The company also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, airlines, and other investors. In addition, it provides fleet management services to investors and owners of aircraft portfolios. As of December 31, 2020, the company owned a fleet of 332 aircraft, including 236 narrowbody aircraft and 96 widebody aircraft. ...

IndustryTrading Companies & Distributors
IPO DateApr 19, 2011
CEOJohn Plueger
Employees120
Stock ExchangeNYSE
Ticker SymbolAL
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for Air Lease stock is "Strong Buy." The 12-month stock price forecast is 55.38, which is an increase of 23.89% from the latest price.

Price Target
$55.38
(23.89% upside)
Analyst Consensus: Strong Buy

News

Air Lease Corporation Announces Delivery of New Airbus A321-200neo LR Aircraft to Peach Aviation

LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced the delivery of one new Airbus A321-200neo LR aircraft on long-term lease to Peach Aviation, an affiliate of ANA based in O...

12 hours ago - Business Wire

Air Lease Corporation CFO to Speak at Stephens Annual Investment Conference 2021

LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) announced today that Gregory B. Willis, Executive Vice President and Chief Financial Officer, will be speaking at the Stephens Annual Inves...

1 week ago - Business Wire

Air Lease (AL) Delivers A321neo Aircraft to China Airlines

Air Lease (AL) delivers a fuel efficient A321neo jet to China Airlines.

1 week ago - Zacks Investment Research

Air Lease Corporation Announces Delivery of First of Six New Airbus A321-200neo Aircraft to China Airlines

LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced the delivery of one new Airbus A321-200neo aircraft on long-term lease to China Airlines. Featuring Pratt & Whitney PW1133G...

1 week ago - Business Wire

Strong Liquidity Boosts Air Lease (AL) Amid Rising Expenses

A solid balance sheet and shareholder-friendly measures boost Air Lease (AL). However, rising expenses are a concern.

1 week ago - Zacks Investment Research

Airbus wins Air Lease launch order for A350 freighters

European planemaker Airbus secured a provisional debut order for seven A350 freighter jets from leasing company Air Lease Corp on Monday, stepping up efforts to challenge Boeing for a bigger slice of th...

3 weeks ago - Reuters

Airbus in talks with Air Lease for potential jet order -sources

Airbus is in talks with leasing company Air Lease Corp for a potential order for dozens of jets that could include a proposed new A350 freighter, as well as large and small passenger models, industry so...

3 weeks ago - Reuters

Air Lease (AL) Beats on Q3 Earnings & Revenues, Hikes Dividend

Air Lease's (AL) Q3 performance benefits from continued growth in fleet and increase in cash collections. The company hikes its dividend by 15.6%.

1 month ago - Zacks Investment Research

Air Lease (AL) Q3 Earnings and Revenues Top Estimates

Air Lease (AL) delivered earnings and revenue surprises of 16.00% and 5.21%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Air Lease Corporation Announces Third Quarter 2021 Results

LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (ALC) (NYSE: AL) announces financial results for the three and nine months ended September 30, 2021. “Benefiting from an improving airline industry, w...

1 month ago - Business Wire

Analysts Estimate Air Lease (AL) to Report a Decline in Earnings: What to Look Out for

Air Lease (AL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

Air Lease Corporation CEO and President John Plueger to Speak at Airline Economics Growth Frontiers New York 2021 Con...

LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) announced today that John L. Plueger, Chief Executive Officer and President, will be speaking at the Airline Economics Growth Frontiers New...

1 month ago - Business Wire

Norwegian Airlines Flyr Inks LoI With Air Lease To Lease Six Boeing 737-8 Aircraft

Flyr, a Norwegian low-cost passenger airline, has signed a letter of intent with Air Lease Corp (NYSE: AL) for six brand-new Boeing Co (NYSE: BA) 737-8 aircraft. Flyr expects the aircraft delivery direc...

Other symbols:BA
1 month ago - Benzinga

Air Lease (AL) Makes Aircraft Investments Worth $800 M in Q3

Air Lease (AL) delivers 16 new jets from its order book in the September quarter.

1 month ago - Zacks Investment Research

Here's Why Investors Should Retain Air Lease (AL) Stock Now

Shareholder-friendly measures and strong liquidity position aid Air Lease (AL). However, rising operating expenses are a headwind.

2 months ago - Zacks Investment Research

Air Lease Reports Q3 Activity Update, Delivered 16 New Aircraft From Order Book

Air Lease Corp (NYSE: AL) updated on aircraft investments, sales, and new significant financing occurring in 3Q21. ALC's fleet comprises 370 owned and 89 managed aircraft as of September 30, 2021, with ...

2 months ago - Benzinga

Air Lease Corporation Activity Update for the Third Quarter of 2021

LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced an update on aircraft investments, sales, and new significant financing occurring in the third quarter of 2021. As of Septe...

2 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 4.125% Fixed-Rate Reset Non-Cumulati...

2 months ago - Business Wire

Air Lease (AL) Signs Contract With New Italian Carrier ITA

Air Lease (AL) will deliver the first of the 31 jets to ITA in the second half of 2022.

2 months ago - Zacks Investment Research

Air Lease Corporation Announces Third Quarter 2021 Earnings Conference Call

LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) will host a conference call on November 4, 2021 at 4:30 PM Eastern Time to discuss the Company's financial results for the third quarter of...

2 months ago - Business Wire

Air Lease Corporation Announces Lease Placement of 31 New Airbus Aircraft with ITA

LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) announced today that ITA, the new national airline of Italy, has agreed to lease 31 new ALC aircraft consisting of 15 A220s, two A320neos, ...

2 months ago - Business Wire

Italian carrier ITA to buy 28 Airbus jets, lease 31 from Air Lease

Alitalia successor ITA has signed a memorandum of understanding with France's Airbus to buy 28 new jets, the carrier said on Thursday, adding the first new aircraft will start flying in the first three ...

Other symbols:JETS
2 months ago - Reuters

Air Lease (AL) Delivers a Boeing 737-9 Jet to Alaska Airlines

Air Lease (AL) delivers the first of 13 Boeing 737-9 aircraft to be delivered to Alaska Airlines as part of a previously announced agreement.

Other symbols:ALKBA
2 months ago - Zacks Investment Research

Air Lease Corporation Announces Delivery of First of 13 New Boeing 737 Aircraft to Alaska Airlines

LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced the delivery of one new Boeing 737-9 aircraft on long-term lease to Alaska Airlines. Featuring CFM International LEAP -1B e...

2 months ago - Business Wire

10 Value Stocks to Buy Priced at Less Than Their Book Value

Ben Graham bought stocks below book value for a margin of safety. It's tough to do.

2 months ago - InvestorPlace