Air Lease Corporation (AL)

NYSE: AL · IEX Real-Time Price · USD
31.01
-0.89 (-2.79%)
Sep 30, 2022 4:00 PM EDT - Market closed
-2.79%
Market Cap 3.44B
Revenue (ttm) 2.28B
Net Income (ttm) -131.24M
Shares Out 110.89M
EPS (ttm) -1.33
PE Ratio n/a
Forward PE 5.02
Dividend $0.74 (2.39%)
Ex-Dividend Date Sep 9, 2022
Volume 606,850
Open 31.31
Previous Close 31.90
Day's Range 30.99 - 31.74
52-Week Range 29.75 - 50.99
Beta 1.82
Analysts Buy
Price Target 54.85 (+76.9%)
Earnings Date Nov 2, 2022

About AL

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, airlines, and other investors. In addition, the company provides fleet management services to investors and owners of aircraft portfolios. As of December 31, 2021, it owned a fleet of 382 aircraft, including 278 narrowbody aircraft and 104 widebody aircraft. The company ... [Read more...]

Industry Trading Companies & Distributors
IPO Date Apr 19, 2011
CEO John Plueger
Employees 129
Stock Exchange NYSE
Ticker Symbol AL
Full Company Profile

Financial Performance

In 2021, Air Lease's revenue was $2.09 billion, an increase of 3.62% compared to the previous year's $2.02 billion. Earnings were $436.63 million, a decrease of -15.42%.

Financial Statements

Analyst Forecast

According to 16 analysts, the average rating for AL stock is "Buy." The 12-month stock price forecast is 54.85, which is an increase of 76.88% from the latest price.

Price Target
$54.85
(76.88% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Air Lease Corporation Announces Lease Placement of Two New Airbus A321neo LR Aircraft with HiSky

LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced long-term lease placements for two new Airbus A321neo LR aircraft with HiSky. Scheduled to deliver to the European carrier ...

3 weeks ago - Business Wire

Air Lease Corporation Announces Lease Placement of Four New Airbus A321XLR Aircraft with Air Transat

LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced long-term lease placements for four new Airbus A321XLR aircraft with Air Transat (Canada). Three new aircraft are confirmed...

3 weeks ago - Business Wire

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 12th Annual Aircraft Finance & Leasi...

1 month ago - Business Wire

Air Lease (AL) Benefits From Fleet Growth Amid Rising Costs

While persistent growth in the company's fleet is aiding Air Lease (AL), rising operating expenses might weigh on its bottom line.

1 month ago - Zacks Investment Research

Sky-high rents hit the aircraft market as Boeing jets top $300,000 a month

The cost to rent aircraft has surged this year as travel demand returned while planes are in short supply.

Other symbols: AER
1 month ago - CNBC

Air Lease Corporation Announces Lease Placement of 19 New Airbus Aircraft with Condor

LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced long-term lease placements for 19 new Airbus aircraft with Condor (Germany), including 17 Airbus A321neos and two A320neos....

1 month ago - Business Wire

Air Lease (AL) Stock Down 0.3% Despite Q2 Earnings Beat

Air Lease (AL) second-quarter 2022 revenues benefit from continued growth in fleet.

1 month ago - Zacks Investment Research

Air Lease (AL) Q2 Earnings and Revenues Top Estimates

Air Lease (AL) delivered earnings and revenue surprises of 20.25% and 2.18%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Air Lease chairman says progress payments to Airbus, Boeing under scanner

Air Lease Corp's chairman said on Thursday the lessor will examine progress payments that the company makes to Boeing Co and Airbus SE, as deliveries of aircraft get delayed due to labor and engine shor...

Other symbols: BA
1 month ago - Reuters

Air Lease quarterly profit rises on travel rebound

(Reuters) -Aircraft lessor Air Lease Corp on Thursday reported a rise in second-quarter profit as a rebound in travel drove demand for its jets.

1 month ago - Reuters

Air Lease Corporation Announces Second Quarter 2022 Results

LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (ALC) (NYSE: AL) announces financial results for the three and six months ended June 30, 2022. “We had a good second quarter with higher than expected...

1 month ago - Business Wire

Air Lease Corporation Announces Lease Placement of Two New Airbus A321neo Aircraft with Qanot Sharq Airlines (Uzbekis...

LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced long-term lease placements for two new Airbus A321neo aircraft with Qanot Sharq Airlines (Uzbekistan), the first privately-...

2 months ago - Business Wire

Air Lease (AL) Earnings Expected to Grow: Should You Buy?

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.

2 months ago - Zacks Investment Research

Airplane shortages will last a couple of years, says Air Lease CEO John Plueger

CNBC's Phil LeBeau joins 'Squawk Box' with John Plueger, Air Lease CEO, to discuss airline industry shortages, supply chain disruptions, and costs.

2 months ago - CNBC Television

Air Lease Corporation Announces Lease Placement of Six New Airbus A220-300 Aircraft with TAAG Angola Airlines

FARNBOROUGH, England--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced long-term lease placements for six new Airbus A220-300 aircraft with TAAG Angola Airlines. The aircraft are schedu...

2 months ago - Business Wire

Air Lease Corporation Activity Update for the Second Quarter of 2022

LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced an update on aircraft investments and sales activity occurring in the second quarter of 2022. As of June 30, 2022, ALC's fl...

2 months ago - Business Wire

Air Lease Corporation Announces Second Quarter 2022 Earnings Conference Call

LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) will host a conference call on August 4, 2022 at 4:30 PM Eastern Time to discuss the Company's financial results for the second quarter of ...

2 months ago - Business Wire

Air Lease (AL) Soars 9%: Is Further Upside Left in the Stock?

Air Lease (AL) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

3 months ago - Zacks Investment Research

Solid Liquidity Boosts Air Lease (AL) Amid High Expenses

Air Lease (AL) is aided by solid liquidity, a strong freight market and steady fleet growth. However, rising operating expenses and a decline in collection rates are a concern.

3 months ago - Zacks Investment Research

Air Lease Corporation Announces Lease Placement of Three New Airbus A321neo Aircraft with LATAM Airlines

LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced long-term lease placements for three new Airbus A321neo aircraft with LATAM Airlines. The aircraft are scheduled to deliver...

4 months ago - Business Wire

New Strong Sell Stocks for May 11th

AL, BHF, and ALX have been added to the Zacks Rank #5 (Strong Sell) List on May 11, 2022.

Other symbols: ALXBHF
4 months ago - Zacks Investment Research

Air Lease Corporation Chief Financial Officer to Speak at Barclays Americas Select Franchise Conference

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 Barclays Americas Sel...

4 months ago - Business Wire

Air Lease chairman sees risk to Boeing 777X project from delays

The executive chairman of Air Lease Corp said on Monday that Boeing's delayed 777X wide-body jet programme could be at risk due to regulatory problems and delays.

Other symbols: BA
4 months ago - Reuters

Air Lease chairman says pursuing insurance claims over Russia

Air Lease Corp is pursuing "vigorous" insurance claims over jets stranded in Russia following changes in the law preventing their repossession, Steven Udvar-Hazy, founder and executive chairman of the U...

4 months ago - Reuters

Air Lease's (AL) Q1 Earnings & Revenues Beat Mark, Surge Y/Y

Air Lease's (AL) Q1 revenues benefit from fleet growth.

4 months ago - Zacks Investment Research