Air Lease Corporation (AL)

NYSE: AL · IEX Real-Time Price · USD
51.44
+0.68 (1.34%)
Mar 28, 2024, 4:00 PM EDT - Market closed
1.34%
Market Cap 5.73B
Revenue (ttm) 2.68B
Net Income (ttm) 572.92M
Shares Out 111.03M
EPS (ttm) 5.14
PE Ratio 10.01
Forward PE 10.70
Dividend $0.84 (1.63%)
Ex-Dividend Date Mar 14, 2024
Volume 1,299,324
Open 51.09
Previous Close 50.76
Day's Range 51.05 - 51.77
52-Week Range 33.33 - 51.77
Beta 1.63
Analysts Buy
Price Target 52.33 (+1.73%)
Earnings Date Apr 29, 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]

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

Financial Performance

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for AL stock is "Buy." The 12-month stock price forecast is $52.33, which is an increase of 1.73% from the latest price.

Price Target
$52.33
(1.73% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Air Lease Corporation Announces Closing of Offering of €600 Million of Senior Unsecured Medium-Term Notes

LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) (the “Company”) announced the closing on March 27, 2024 of its previously announced offering of €600 million aggregate principal amount o...

20 hours ago - Business Wire

KBRA Affirms Air Lease's A- Issuer, Senior Unsecured Debt Ratings and BBB Preferred Share Rating with Stable Outlook and Assigns A- Rating to Air Lease's Medium-Term Notes

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA affirms the A- issuer and senior unsecured debt ratings as well as the BBB rating for the preferred shares for Air Lease Corporation (NYSE: AL, “t...

6 days ago - Business Wire

Air Lease Corporation Announces Pricing of Offering of €600 Million of Senior Unsecured Medium-Term Notes

LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) (the “Company”) announced the pricing on March 20, 2024 of its offering of €600 million aggregate principal amount of 3.70% senior unsecu...

8 days ago - Business Wire

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

LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced long-term lease agreements for two new Airbus A321-200neo aircraft with Transavia. Confirmed to deliver in late 2025 and ...

8 days ago - Business Wire

Air Lease Corporation to Speak at J.P. Morgan Industrials Conference

LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) announced today that Steven F. Udvar-Házy, Executive Chairman, John L. Plueger, Chief Executive Officer and President, and Gregory B. Wil...

17 days ago - Business Wire

Super Micro Computer and Deckers Outdoor Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600

NEW YORK , March 1, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the ...

27 days ago - PRNewsWire

Air Lease Corporation Announces Lease Placement of Three New Boeing 787 Aircraft with Thai Airways International

LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced long-term lease agreements for three new Boeing 787-9 aircraft with Thai Airways International. These three Dreamliner ai...

4 weeks ago - Business Wire

Air Lease Corporation Announces Pricing of Offering of C$400 Million of Senior Unsecured Medium-Term Notes

LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) (the “Company”) announced the pricing on February 20, 2024 of its offering of C$400 million aggregate principal amount of additional 5.40...

5 weeks ago - Business Wire

Air Lease Corporation Announces Fourth Quarter & Fiscal Year 2023 Results

LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (ALC) (NYSE: AL) announces financial results for the three months and year ended December 31, 2023. “Fourth quarter and full-year performance at ALC...

6 weeks ago - Business Wire

Air Lease Corporation Announces Pricing of Public Offering of $500.0 Million of Senior Unsecured Medium-Term Notes

LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) (the “Company”) announced the pricing on January 17, 2024 of its public offering of $500.0 million aggregate principal amount of 5.100% s...

2 months ago - Business Wire

Air Lease Corporation Activity Update for the Fourth Quarter of 2023

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 2023. A...

2 months ago - Business Wire

Air Lease Corporation Announces Fourth Quarter and Year End 2023 Earnings Conference Call

LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) will host a conference call on February 15, 2024 at 4:30 PM Eastern Time to discuss the Company's financial results for the fourth quarte...

2 months ago - Business Wire

Air Lease gets insurance settlement for four jets stranded in Russia

Dec 22 (Reuters) - Air Lease (AL.N) said on Friday it had received about $64.9 million in cash as part of an insurance claim settlement for four Airbus jets it had leased to a Russian carrier, which w...

3 months ago - Reuters

Air Lease Corporation Announces Delivery of First of Seven New Airbus A321-200neo Aircraft to Transavia

LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced one new Airbus A321-200neo aircraft delivered to Transavia. This aircraft is the first of seven new Airbus A321s confirme...

3 months ago - Business Wire

Air Lease Corporation Announces Delivery of One New Airbus A321-200neo and One New Airbus A330-900neo Aircraft to Sunclass Airlines

LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced two new Airbus aircraft delivered to Sunclass Airlines of Denmark, including one new A321-200neo and one new A330-900neo....

3 months ago - Business Wire

Air Lease Corporation Announces Delivery of First of 25 New Boeing 737-8 Aircraft to Malaysia Airlines Berhad

LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) announced today the first of 25 new Boeing 737-8 aircraft delivered to Malaysia Airlines Berhad from ALC's order book with Boeing. Featur...

4 months ago - Business Wire

Air Lease Corporation Announces Delivery of First of Eight New Airbus A321 Aircraft to LATAM Airlines

LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced one new Airbus A321-200neo aircraft delivered to LATAM Airlines. This A321-200neo aircraft is the first of eight new Airb...

4 months ago - Business Wire

Air Lease Corporation Announces Pricing of Offering of C$500 Million of Senior Unsecured Medium-Term Notes

LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) (the “Company”) announced the pricing on November 20, 2023 of its offering of C$500 million aggregate principal amount of 5.400% senior u...

4 months ago - Business Wire

Air Lease Corporation Announces Lease Placement of 18 New Boeing 737-8 Aircraft with EGYPTAIR

DUBAI, United Arab Emirates--(BUSINESS WIRE)--DUBAI AIR SHOW – Today Air Lease Corporation (NYSE: AL) announced long-term lease contracts for 18 new Boeing 737-8 aircraft with EGYPTAIR. These new Boei...

4 months ago - Business Wire

Air Lease Corporation Announces Delivery of First of Nine New Airbus A321-200neo Aircraft to ITA Airways

LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced one new Airbus A321-200neo aircraft delivered to ITA Airways. This aircraft is the first of nine new Airbus A321s confirm...

4 months ago - Business Wire

Air Lease doubts if Boeing, Airbus can meet annual delivery targets

Air Lease on Monday cast doubt on whether planemakers Boeing and Airbus would hit their 2023 delivery targets due to quality issues at their suppliers.

Other symbols: BAEADSY
5 months ago - Reuters

Air Lease Corporation Announces Third Quarter 2023 Results

LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (ALC) (NYSE: AL) announces financial results for the three and nine months ended September 30, 2023. “ALC's healthy third quarter performance reflec...

5 months ago - Business Wire

Air Lease Corporation Announces Lease Placement of Two New Boeing 737-8 Aircraft with LOT Polish Airlines

LOS ANGELES--(BUSINESS WIRE)--Today, Air Lease Corporation (NYSE: AL) announced long-term lease placements for two new Boeing 737-8 aircraft with LOT Polish Airlines. Both aircraft are scheduled to de...

5 months ago - Business Wire

Air Lease Corporation Activity Update for the Third Quarter of 2023

LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced an update on aircraft investments and sales activities occurring in the third quarter of 2023. As of September 30, 2023, ...

6 months ago - Business Wire

Air Lease Corporation Announces Third Quarter 2023 Earnings Conference Call

LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) will host a conference call on November 6, 2023 at 8:00 AM Eastern Time to discuss the Company's financial results for the third quarter ...

6 months ago - Business Wire