Air Lease Corporation (AL)
| Market Cap | 4.32B |
| Revenue (ttm) | 2.57B |
| Net Income (ttm) | 497.18M |
| Shares Out | 111.03M |
| EPS (ttm) | 4.47 |
| PE Ratio | 8.71 |
| Forward PE | 7.82 |
| Dividend | $0.84 (2.16%) |
| Ex-Dividend Date | Dec 14, 2023 |
| Volume | 756,324 |
| Open | 39.00 |
| Previous Close | 38.78 |
| Day's Range | 38.79 - 39.87 |
| 52-Week Range | 33.33 - 46.20 |
| Beta | 1.73 |
| Analysts | Buy |
| Price Target | 52.67 (+35.26%) |
| Earnings Date | Nov 6, 2023 |
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 fleet 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, 2022, it owned a fleet of 417 aircraft, including 306 narrowbody aircraft and 111 widebody aircraft. The company was incorporated in ... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for AL stock is "Buy." The 12-month stock price forecast is $52.67, which is an increase of 35.26% from the latest price.
News
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...
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...
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...
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...
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...
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.
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...
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...
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, ...
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 ...
Air Lease Corporation Announces Lease Placement of One Airbus A330-200 Aircraft with HiSky
LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced a long-term lease placement for one Airbus A330-200 aircraft with HiSky. Scheduled to deliver to the European carrier in ...
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 13th Annual Aircraft Finance & Lea...
Air Lease Corporation Announces $300 Million Deal for Five Boeing 737 Aircraft with Royal Air Maroc
LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced long-term lease contracts for five Boeing 737 aircraft with Royal Air Maroc (RAM), including four new Boeing 737-8s and o...
Air lease profit rises on strong aircraft demand
Aircraft lessor Air Lease Corp on Thursday posted a 15% rise in second-quarter profit on Thursday, as airlines look to expand capacity to cater to a strong pent-up travel demand.
Air Lease Corporation Announces Second Quarter 2023 Results
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (ALC) (NYSE: AL) announces financial results for the three and six months ended June 30, 2023. “Our second quarter results benefited from new aircra...
Small-Cap Stocks Have Struggled. Here Are 6 Whose Time Has Come.
A pair of money managers offer some of their favorite small-cap stocks, from snack foods to bearings to airplane leasing. They're relatively cheap and poised to outperform many of the large-caps.
VR Advisory Services Ltd's Recent Transaction in Onyx Acquisition Co I
VR Advisory Services Ltd (Trades, Portfolio), a prominent investment firm, recently executed a transaction involving Onyx Acquisition Co I ( ONYXU , Financial). This article provides an in-depth analy...
Air Lease delivered 19 new aircraft in Q2, sold eight for about $600 million
Air Lease Corp. AL, +1.50% said Tuesday it delivered 19 new aircraft in the second quarter, including three Airbus A220-300s, two Airbus A320neos, seven Airbus A321neos, two Airbus A330-900neos, one A...
Air Lease Corporation Activity Update for the Second Quarter of 2023
LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced an update on aircraft investments, sales activities, and financing occurring in the second quarter of 2023. As of June 30...
Air Lease Corporation Announces Second Quarter 2023 Earnings Conference Call
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) will host a conference call on August 3, 2023 at 4:30 PM Eastern Time to discuss the Company's financial results for the second quarter o...
Boeing, Air Lease Corporation Announce Order for Two 787 Dreamliners
LE BOURGET, France , June 21, 2023 /PRNewswire/ -- Boeing [NYSE: BA] and Air Lease Corporation (ALC) [NYSE: AL] today announced at the Paris Air Show 2023 that the leading global lessor will grow its ...
Air Lease Corporation Announces Lease Placement for Two New Airbus A220 Aircraft with Cyprus Airways
LE BOURGET, France--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced long-term lease placements for two new Airbus A220-300 aircraft with Cyprus Airways, the national airline of Cypru...
Air Lease Corp Chairman on Aircraft Capacity, Travel Demand, Challenges
Steve Udvar-Hazy, chairman and co-founder of Air Lease Corp. cautioned of an impending glut of aircraft capacity as airlines desperate for planes place mega-orders during a travel upcycle. "The father...
Air Lease Corporation Announces Lease Placement of Four New Airbus A220 Aircraft with Czech Airlines
LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced long-term lease placements for four new Airbus A220-300 aircraft with Czech Airlines. All four aircraft are scheduled to ...
Air Lease Corporation Announces First Quarter 2023 Results
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (ALC) (NYSE: AL) announces financial results for the three months ended March 31, 2023. “We're pleased to report strong first quarter 2023 results, ...