Air Lease Corporation

AL

US00912X3026

Business Support Services

Market Closed - Nyse Other stock markets 04:00:01 2024-05-17 pm EDT			5-day change	1st Jan Change
49.27 ^USD	-0.30%		+0.35%	+17.48%

May. 06	Air Lease Q1 Adjusted Earnings Fall, Revenue Rises	MT
May. 06	Air Lease Q1 profit misses estimates on higher interest expenses	RE

Air Lease Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024

May 06, 2024 at 04:06 pm EDT

Air Lease Corporation reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 614.33 million compared to USD 617.77 million a year ago. Revenue was USD 663.31 million compared to USD 636.14 million a year ago.

Net income was USD 107.87 million compared to USD 128.72 million a year ago. Basic earnings per share from continuing operations was USD 0.88 compared to USD 1.07 a year ago. Diluted earnings per share from continuing operations was USD 0.87 compared to USD 1.06 a year ago.

Latest news about Air Lease Corporation

Air Lease Q1 Adjusted Earnings Fall, Revenue Rises	May. 06	MT
Air Lease Q1 profit misses estimates on higher interest expenses	May. 06	RE
Transcript : Air Lease Corporation, Q1 2024 Earnings Call, May 06, 2024	May. 06
Earnings Flash (AL) AIR LEASE CORPORATION Reports Q1 Revenue $663.3M	May. 06	MT
Earnings Flash (AL) AIR LEASE CORPORATION Posts Q1 EPS $1.31	May. 06	MT
Air Lease Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 06	CI
Air Lease Corporation Declares Quarterly Cash Dividend, Payable on July 8, 2024	May. 06	CI
Air Lease Corporation Increases Senior Unsecured Revolving Credit Facility to $7.8 Billion	Apr. 29	CI
Barclays Raises Price Target on Air Lease to $55 From $48, Keeps Overweight Rating	Apr. 16	MT
Air Lease Q1 Owned Aircraft Rise Year-on-Year	Apr. 09	MT
Air Lease Corporation Announces Pricing of Offering of ?600 Million of Senior Unsecured Medium-Term Notes	Mar. 21	CI
Air Lease Agrees to Lease 2 Airbus Aircraft to Transavia	Mar. 20	MT
Air Lease Corporation Announces Lease Placement of Two New Airbus A321neo Aircraft with Transavia	Mar. 20	CI
Air Lease Corporation(NYSE:AL) added to S&P 1000	Mar. 17	CI
Air Lease Corporation(NYSE:AL) added to S&P 600 Industrials	Mar. 17	CI
Air Lease Corporation(NYSE:AL) added to S&P Composite 1500	Mar. 17	CI
Air Lease Corporation(NYSE:AL) added to S&P 600	Mar. 17	CI
Transcript : Air Lease Corporation Presents at J.P. Morgan 2024 Industrials Conference, Mar-13-2024 01:30 PM	Mar. 13
Air Lease Insider Sold Shares Worth $482,740, According to a Recent SEC Filing	Mar. 08	MT
Air Lease Insider Sold Shares Worth $778,574, According to a Recent SEC Filing	Feb. 28	MT
Air Lease Secures Lease Placements With Thai Airways for Three Boeing Jets	Feb. 27	MT
Air Lease Corporation Announces Lease Placement of Three New Boeing 787 Aircraft with Thai Airways International	Feb. 26	CI
Air Lease Prices CA$400 million Offering of Senior Unsecured Medium-Term Notes	Feb. 21	MT
BMO Capital Adjusts Price Target on Air Lease to $55 From $54, Maintains Outperform Rating	Feb. 20	MT
Air Lease Corporation Approves Quarterly Cash Dividend, Payable on April 10, 2024	Feb. 16	CI

Chart Air Lease Corporation

Duration

Period

More charts

Company Profile

Air Lease Corporation is an aircraft leasing company. The Company is principally engaged in purchasing the technology commercial jet aircraft directly from aircraft manufacturers, such as Airbus S.A.S. (Airbus) and The Boeing Company (Boeing) and leasing those aircraft to airlines throughout the world. In addition to its leasing activities, the Company sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines and other investors. The Company also provide fleet management services to investors and owners of aircraft portfolios for a management fee. The Company operates its business on a global basis, providing aircraft to airline customers in various geographical region, including markets, such as Asia Pacific, Europe, the Middle East and Africa, Central America, South America and Mexico, and the United Kingdom and Canada. The Company has a globally diversified customer base comprised of 119 airlines in 62 countries.

Sector

Business Support Services

Calendar

2024-06-03 - Ex-dividend day

More about the company

Income Statement Evolution

More financial data

Analysis / Opinion

INTERVIEW - Steve Udvar-Hazy, President of Air Lease Corp: in times of supply crisis, we have significant advantages

June 20, 2023 at 08:53 am EDT

More Strategies

Ratings for Air Lease Corporation

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

49.27 USD

Average target price

56.29 USD

Spread / Average Target

+14.24%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Commercial Equipment Rental

	1st Jan change	Capi.
AIR LEASE CORPORATION	+17.48%	5.49B
UNITED RENTALS, INC.	+19.60%	45.67B
ASHTEAD GROUP PLC	+5.53%	31.96B
AERCAP HOLDINGS N.V.	+23.09%	17.73B
WILLSCOT MOBILE MINI HOLDINGS CORP.	-8.65%	7.73B
HERC HOLDINGS INC.	+4.59%	4.42B
AVIC INDUSTRY-FINANCE HOLDINGS CO., LTD.	-1.61%	3.74B
MCGRATH RENTCORP	-6.70%	2.74B
BOHAI LEASING CO., LTD.	+19.63%	2.19B
ZHEJIANG HUATIE EMERGENCY EQUIPMENT SCIENCE & TECHNOLOGY CO.,LTD.	+2.19%	1.77B

Commercial Equipment Rental