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. Air Lease Corporation was incorporated in 2010 and is headquartered in Los Angeles, California.
IPO Year: 2011
Exchange: NYSE
Website: airleasecorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/21/2024 | $65.00 | Buy | Goldman |
| 7/29/2024 | $56.00 → $58.00 | Buy | TD Cowen |
| 5/7/2024 | $59.00 → $56.00 | Buy | TD Cowen |
| 1/10/2024 | $54.00 | Outperform | BMO Capital Markets |
| 11/15/2023 | $46.00 | Overweight | Barclays |
| 5/15/2023 | $41.00 | Neutral | Citigroup |
| 2/28/2023 | $59.00 | Buy | Goldman |
| 3/15/2022 | $50.00 | Buy | HSBC Securities |
| 2/11/2022 | $50.00 → $53.00 | Outperform | Credit Suisse |
| 1/10/2022 | $56.00 → $61.00 | Overweight | Barclays |
Goldman resumed coverage of Air Lease with a rating of Buy and set a new price target of $65.00
TD Cowen resumed coverage of Air Lease with a rating of Buy and set a new price target of $58.00 from $56.00 previously
TD Cowen reiterated coverage of Air Lease with a rating of Buy and set a new price target of $56.00 from $59.00 previously
BMO Capital Markets initiated coverage of Air Lease with a rating of Outperform and set a new price target of $54.00
Barclays initiated coverage of Air Lease with a rating of Overweight and set a new price target of $46.00
Citigroup initiated coverage of Air Lease with a rating of Neutral and set a new price target of $41.00
Goldman resumed coverage of Air Lease with a rating of Buy and set a new price target of $59.00
HSBC Securities initiated coverage of Air Lease with a rating of Buy and set a new price target of $50.00
Credit Suisse reiterated coverage of Air Lease with a rating of Outperform and set a new price target of $53.00 from $50.00 previously
Barclays reiterated coverage of Air Lease with a rating of Overweight and set a new price target of $61.00 from $56.00 previously
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Air Lease Corporation (ALC) (NYSE:AL) announces financial results for the three and nine months ended September 30, 2024. "Demand for commercial aircraft remains high, and we are continuing to place aircraft at rising lease rates, while also harvesting solid gains on sales from our existing fleet – underscoring the deep value embedded in our young $28 billion fleet and $18 billion forward orderbook," said John L. Plueger, Chief Executive Officer and President, and Steven F. Udvar-Házy, Executive Chairman of the Board. Third Quarter 2024 Results The following table summarizes our operating results for the three and nine months ended September 30, 2024 and 2023 (in millions, except per sha
Today Air Lease Corporation (NYSE:AL) announced an update on aircraft investments, sales, and significant financing activities occurring in the third quarter of 2024. As of September 30, 2024, ALC's fleet was comprised of 485 owned aircraft and 64 managed aircraft, with 287 new aircraft on order from Airbus and Boeing set to deliver through 2029. Aircraft Investments - Delivered 20 new aircraft from ALC's orderbook including three Airbus A220s, six Airbus A321neos, three Airbus A330-900neos, two Airbus A350-900s, two Boeing 737-8s, one Boeing 787-9, and three Boeing 787-10s. - Aircraft investments in the quarter totaled approximately $1.9 billion. Sales - Sold nine aircraft to third-part
Air Lease Corporation (NYSE:AL) will host a conference call on November 7, 2024 at 4:30 PM Eastern Time to discuss the Company's financial results for the third quarter of 2024. Investors can participate in the conference call by dialing 1 (888) 660-6652 domestic or 1 (646) 960-0554 international. The passcode for the call is 5952437. The conference call will also be broadcast live through a link on the Investors page of the Air Lease Corporation website at www.airleasecorp.com. Please visit the website at least 15 minutes prior to the call to register, download and install any necessary audio software. A replay of the broadcast will be available on the Investors page of the Air Lease Cor
Air Lease Corporation (NYSE:AL) announced the delivery of one new Airbus A220-300 to TAAG Angola Airlines, the national carrier of Angola. This is the first A220 aircraft to deliver on long-term lease to TAAG and is the first of six new A220-300s confirmed to deliver to the airline from ALC's orderbook with Airbus. "We are pleased to announce ALC's first of six new A220-300 aircraft delivered to TAAG Angola Airlines," said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. "ALC is the first lessor to introduce the A220 to the airline and we look forward to assisting TAAG in commencing its long-term fleet modernization program by adding these new-generation, fuel-efficient a
Air Lease Corporation (NYSE:AL) (the "Company") announced the pricing today of its public offering of 300,000 shares (the "Shares") of 6.00% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series D (the "Series D Preferred Stock"), with a liquidation preference of $1,000.00 per share. The sale of the Shares is expected to close on September 24, 2024, subject to satisfaction of customary closing conditions. The Company will pay dividends on the Shares when, as and if declared by the board of directors (or a duly authorized committee of the board of directors). Dividends will accrue, on a non-cumulative basis, at a rate per annum on the stated amount of $1,000.00 per share equal t
Air Lease Corporation (NYSE:AL) announced today that Steven F. Udvar-Házy, Executive Chairman, will be presenting at the Deutsche Bank 14th Annual Aircraft Finance & Leasing Conference in New York City on Wednesday, September 4th at 1:30pm Eastern Time. The presentation will be broadcast live through a link on the Investors page of the Air Lease Corporation website at www.airleasecorp.com. Alternatively, virtual attendees may access the webcast directly via this link: Deutsche Bank 14th Annual Finance & Leasing Conference. Please visit the website prior to the webcast to register, download and install any necessary audio software. Any materials utilized for this speaking engagement will be
Air Lease Corporation (NYSE:AL) announced the delivery of one new Boeing 787-10 to Korean Air. This aircraft is the first of ten 787-10s confirmed to deliver to the Korean flag carrier from ALC's orderbook with Boeing. "ALC is thrilled to announce delivery of the first of ten new Boing 787-10 aircraft leased to our longtime customer, Korean Air. We are honored to continue to build on our strong relationship with Korean and support its exciting and transformational growth as one of the world's premier airlines," said John L. Plueger, Chief Executive Officer and President of Air Lease Corporation. "Korean Air is excited to extend our strong relationship with ALC," said Walter Cho, Chairma
Air Lease Corporation (ALC) (NYSE:AL) announces financial results for the three and six months ended June 30, 2024. "We continue to feel the effects of ongoing delays from the aircraft and engine manufacturers. We remain confident and optimistic about the value of our fleet, as seen through our aircraft sales initiatives. There is significant value in our orderbook based on our view of long-term aircraft demand and fundamental passenger traffic trends," said John L. Plueger, Chief Executive Officer and President, and Steven F. Udvar-Házy, Executive Chairman of the Board. Second Quarter 2024 Results The following table summarizes our operating results for the three and six months ended
Air Lease Corporation (NYSE:AL) announced the delivery of one new Airbus A220-300 aircraft to Croatia Airlines. This is the first A220 to join the Croatian carrier's fleet and the first of six new A220 aircraft confirmed to deliver to the airline from ALC's orderbook with Airbus. "Air Lease Corporation is honored to have been selected by Croatia Airlines as the first Lessor to introduce the A220 to the airline and support Croatia's major fleet modernization program," said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. "This milestone first of six new A220 delivery is a wonderful achievement that commences the fleet transformation at Croatia Airlines." "We are thrille
Air Lease Corporation (NYSE:AL) announced the long-term lease placement and delivery of one used Airbus A321-200neo aircraft with Centrum Air (Uzbekistan), one of the leading airlines in Uzbekistan. This aircraft is the airline's first A321neo. "We are very pleased with the placement of this A321neo aircraft with Centrum Air. Centrum and its sister cargo-airline, My Freighter, have been successfully serving the rapidly growing Uzbek air transport market since 2019," said AJ Abedin, Senior Vice President of Air Lease Corporation. "With the addition of this state-of-the-art A321neo, the airline and its passengers will benefit from new destinations, operational efficiencies and a premium tra
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Air Lease Corporation (ALC) (NYSE:AL) announces financial results for the three and nine months ended September 30, 2024. "Demand for commercial aircraft remains high, and we are continuing to place aircraft at rising lease rates, while also harvesting solid gains on sales from our existing fleet – underscoring the deep value embedded in our young $28 billion fleet and $18 billion forward orderbook," said John L. Plueger, Chief Executive Officer and President, and Steven F. Udvar-Házy, Executive Chairman of the Board. Third Quarter 2024 Results The following table summarizes our operating results for the three and nine months ended September 30, 2024 and 2023 (in millions, except per sha
Air Lease Corporation (NYSE:AL) will host a conference call on November 7, 2024 at 4:30 PM Eastern Time to discuss the Company's financial results for the third quarter of 2024. Investors can participate in the conference call by dialing 1 (888) 660-6652 domestic or 1 (646) 960-0554 international. The passcode for the call is 5952437. The conference call will also be broadcast live through a link on the Investors page of the Air Lease Corporation website at www.airleasecorp.com. Please visit the website at least 15 minutes prior to the call to register, download and install any necessary audio software. A replay of the broadcast will be available on the Investors page of the Air Lease Cor
Air Lease Corporation (ALC) (NYSE:AL) announces financial results for the three and six months ended June 30, 2024. "We continue to feel the effects of ongoing delays from the aircraft and engine manufacturers. We remain confident and optimistic about the value of our fleet, as seen through our aircraft sales initiatives. There is significant value in our orderbook based on our view of long-term aircraft demand and fundamental passenger traffic trends," said John L. Plueger, Chief Executive Officer and President, and Steven F. Udvar-Házy, Executive Chairman of the Board. Second Quarter 2024 Results The following table summarizes our operating results for the three and six months ended
Air Lease Corporation (NYSE:AL) will host a conference call on August 1, 2024 at 4:30 PM Eastern Time to discuss the Company's financial results for the second quarter of 2024. Investors can participate in the conference call by dialing 1 (888) 596-4144 domestic or 1 (646) 968-2525 international. The passcode for the call is 5952437. The conference call will also be broadcast live through a link on the Investors page of the Air Lease Corporation website at www.airleasecorp.com. Please visit the website at least 15 minutes prior to the call to register, download and install any necessary audio software. A replay of the broadcast will be available on the Investors page of the Air Lease Co
Air Lease Corporation (ALC) (NYSE:AL) announces financial results for the three months ended March 31, 2024. "With aircraft in short supply and values rising, we benefit from continued fleet expansion and sales activity in an industry backdrop that remains positive. We see this environment continuing for the near to medium term future," said John L. Plueger, Chief Executive Officer and President, and Steven F. Udvar-Házy, Executive Chairman of the Board. First Quarter 2024 Results The following table summarizes our operating results for the three months ended March 31, 2024 and 2023 (in millions, except per share amounts and percentages): Operating Results Three Months E
Air Lease Corporation (NYSE:AL) will host a conference call on May 6, 2024 at 4:30 PM Eastern Time to discuss the Company's financial results for the first quarter of 2024. Investors can participate in the conference call by dialing 1 (888) 660-6652 domestic or 1 (646) 960-0554 international. The passcode for the call is 5952437. The conference call will also be broadcast live through a link on the Investors page of the Air Lease Corporation website at www.airleasecorp.com. Please visit the website at least 15 minutes prior to the call to register, download and install any necessary audio software. A replay of the broadcast will be available on the Investors page of the Air Lease Corpor
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, "the Company"))), a global aircraft leasing company based in Los Angeles, California. KBRA also affirms the A- rating of the Sukuk trust certificates issued by Air Lease Corporation Sukuk Limited. In addition, KBRA assigns a senior unsecured rating of A- to €600.0 million 3.70% Medium-Term Notes, Series A, due April 15, 2030. The Outlook of the ratings is Stable. Key Credit Considerations The issuer and senior unsecured ratings of Air Lease are driven by the company's global franchise, leading market position and highly experienced managemen
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 was very strong. With the exception of the benefit of tax reform in 2017, we achieved record revenues and profits for the 4th quarter, with net income increasing 56% and revenues increasing 19% over the prior year's quarter. Similarly, for the full year 2023 we enjoyed record revenues, aircraft sales, and total assets which exceeded $30 billion for the first time. Looking forward, the commercial aircraft supply/demand backdrop remains highly favorable for our current fleet and our $22 billion forward orderbook scheduled t
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 quarter and year end 2023. Investors can participate in the conference call by dialing 1 (888) 660-6652 domestic or 1 (646) 960-0554 international. The passcode for the call is 5952437. The conference call will also be broadcast live through a link on the Investors page of the Air Lease Corporation website at www.airleasecorp.com. Please visit the website at least 15 minutes prior to the call to register, download and install any necessary audio software. A replay of the broadcast will be available on the Investors page of the
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 reflects continued strength in the underlying fundamentals of our business. Aircraft demand remains very strong, while supply chain and other OEM challenges will continue to constrain the supply of commercial aircraft. We are also pleased by the attractive valuations that we are seeing in the aircraft sales market and are optimistic about the prospects for our own sizable aircraft sales pipeline," said John L. Plueger, Chief Executive Officer and President, and Steven F. Udvar-Házy, Executive Chairman of the Board. Third Quart
Air Lease Corporation (NYSE:AL) announced the delivery of one new Airbus A220-300 aircraft to Croatia Airlines. This is the first A220 to join the Croatian carrier's fleet and the first of six new A220 aircraft confirmed to deliver to the airline from ALC's orderbook with Airbus. "Air Lease Corporation is honored to have been selected by Croatia Airlines as the first Lessor to introduce the A220 to the airline and support Croatia's major fleet modernization program," said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. "This milestone first of six new A220 delivery is a wonderful achievement that commences the fleet transformation at Croatia Airlines." "We are thrille
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 early 2026, these two new Airbus A321-200neos join seven A321-200neos ALC has leased to Transavia. The first ALC A321neo aircraft delivered to Transavia in December 2023 and was the first A321-200neo to join the Dutch carrier's fleet. "ALC is pleased to announce this transaction for two additional Airbus A321neo aircraft with Transavia," said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. "Our nine A321-200neo aircraft will offer significant enhancements and efficiency to the airline's fleet operations,
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 open of trading on Monday, March 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed
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 confirmed to deliver to Transavia on long-term lease from ALC's order book with Airbus and the first A321-200neo to join the Dutch carrier's fleet. "ALC is pleased to announce the first of seven A321-200neo aircraft delivered today to our longtime customer, Transavia," said Grant Levy, Executive Vice President of Air Lease Corporation. "With these new ALC A321neos, Transavia will continue to excel by offering excellent and efficient service at affordable fares to its customers. We are honored to introduce the A321-200neo to Transa
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 Boeing aircraft are confirmed to deliver to the airline beginning in 2025 through 2026 from ALC's order book with Boeing. This is the first deal between ALC and the Egyptian flag carrier and the first 737-8 addition to the EGYPTAIR fleet. "We are pleased to announce this deal for 18 new Boeing 737-8 aircraft with ALC's new customer, EGYPTAIR, and be the first to lease the 737-8 to the airline," said Steven F. Udvar-Hazy, Executive Chairman of Air Lease Corporation. "As a leading carrier in North Africa, EGYPTAIR will continue to excel in the
Diligent Corporation, the global leader in SaaS governance, risk and compliance today announced the appointment of Yvette Hollingsworth Clark as its newest independent board member. Hollingsworth Clark brings extensive risk management and compliance experience and insights from her leadership roles across the financial services industry. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210708005160/en/Yvette Hollingsworth Clark (Photo: Business Wire) Hollingsworth Clark began her career with the Federal Reserve System before transitioning to corporate leadership roles with Citigroup, Barclays and most recently Wells Fargo, where sh
Today Air Lease Corporation (NYSE:AL) announced the delivery of one new Airbus A321-200neo to Condor. This aircraft is the first of 19 new Airbus aircraft confirmed to deliver to the airline from ALC's orderbook with Airbus through 2027, including 17 A321-200neos and two A320-200neos. In addition to these aircraft, ALC currently has three A321s and two A320s on long-term lease to the airline.
Air Lease's (NYSE:AL) short percent of float has risen 18.68% since its last report. The company recently reported that it has 4.50 million shares sold short, which is 4.32% of all regular shares that are available for trading. Based on its trading volume, it would take traders 8.98 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is im
Sales - Sold 11 aircraft to third-party buyers. - Aircraft sales proceeds for the quarter totaled approximately $530 million.
Air Lease's (NYSE:AL) short percent of float has fallen 15.88% since its last report. The company recently reported that it has 4.47 million shares sold short, which is 4.29% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.24 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is i
Shares of Beyond, Inc. (NYSE:BYON) fell sharply during Tuesday’s session following weaker-than-expected quarterly results. Beyond posted adjusted loss of $1.22 per share, versus estimates for a loss of 87 cents per share. The company’s sales came in at $382.281 million versus estimates of $389.264 million, according to data from Benzinga Pro. Beyond shares dipped 20.8% to $17.34 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Golden Sun Health Technology Group Limited (NASDAQ:GSUN) shares gained 94.7% to $5.60. Golden Sun Health Technology Group regained compliance with Nasdaq continued listing requirement. MMTec, Inc. (NASDAQ:MTC) gained
TD Cowen analyst Helane Becker maintains Air Lease (NYSE:AL) with a Buy and lowers the price target from $59 to $56.
Air Lease (NYSE:AL) reported quarterly earnings of $1.31 per share which beat the analyst consensus estimate of $0.91 by 43.96 percent. This is a 12.67 percent decrease over earnings of $1.50 per share from the same period last year. The company reported quarterly sales of $663.31 million which missed the analyst consensus estimate of $679.81 million by 2.43 percent. This is a 4.27 percent increase over sales of $636.14 million the same period last year.
Air Lease's (NYSE:AL) short percent of float has risen 80.21% since its last report. The company recently reported that it has 5.31 million shares sold short, which is 5.1% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.39 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is imp
Barclays analyst Mark Devries maintains Air Lease (NYSE:AL) with a Overweight and raises the price target from $48 to $55.