Company Performance - Air Lease (AL) has a year-to-date performance increase of 12.4%, significantly outperforming the average return of 2.5% for the Transportation sector [2][3] - The Zacks Consensus Estimate for Air Lease's full-year earnings has risen by 10.3% in the past quarter, indicating improved analyst sentiment and a more positive earnings outlook [2] - Air Lease is currently ranked 2 (Buy) in the Zacks Rank system, suggesting strong potential for future performance [2] Industry Comparison - Air Lease is part of the Transportation - Equipment and Leasing industry, which has an average year-to-date gain of 11.5%, indicating that AL is performing better than its industry peers [3] - EuroDry (EDRY), another Transportation stock, has outperformed the sector with a year-to-date increase of 18.8% and holds a Zacks Rank of 1 (Strong Buy) [2][3] - The Transportation - Shipping industry, to which EuroDry belongs, has seen a year-to-date increase of 9.6%, ranking 54 among 37 stocks [3]

Have you been paying attention to shares of Air Lease (AL) ? Shares have been on the move with the stock up 14.8% over the past month. The stock hit a new 52-week high of $47.75 in the previous session. Air Lease has gained 12.4% since the start of the year compared to the 2.5% move for the Zacks Transportation sector and the 11.5% return for the Zacks Transportation - Equipment and Leasing industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't m ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they ...

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. Willis, Executive Vice President and Chief Financial Officer, will be speaking at the J.P. Morgan Industrials Conference 2024 in New York City on Wednesday, March 13, 2024 at 1:30 p.m. Eastern Time. ALC’s participation will be broadcast live through a link on the Investors page of the Air Lease Corporation website ...

Air Lease Corporation (AL) is currently mired in multiple headwinds, which, we believe, have made it an unimpressive investment option.Let’s delve deeper.Southward Earnings Estimate Revisions: The Zacks Consensus Estimate for first-quarter 2024 earnings has been revised 20.5% downward over the past 90 days. For 2024, the consensus mark for earnings has moved 8.2% south in the same time frame. The unfavorable estimate revisions indicate brokers’ lack of confidence in the stock.Weak Zacks Rank and Style Score ...

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 aircraft are confirmed to deliver to the Thai carrier in 2025 from ALC’s order book with Boeing. “We are pleased to announce this transaction for three new Boeing 787-9 aircraft with new customer, Thai Airways International,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “ALC is honor ...

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% senior unsecured medium-term notes due June 1, 2028 (the “Notes”). The sale of the Notes is expected to close on February 28, 2024, subject to satisfaction of customary closing conditions. The Notes will mature on June 1, 2028 and will bear interest at a rate of 5.40% per annum, payable semi-annually in arre ...

Air Lease Corporation (AL) reported better-than-expected fourth-quarter 2023 results wherein both earnings and revenues surpassed the Zacks Consensus Estimate.AL’s quarterly earnings per share (EPS) of $1.89 surpassed the Zacks Consensus Estimate of $1.1 and improved 56.2% on a year-over-year basis. Upbeat revenues aided the results.Total revenues of $716.6 million outpaced the consensus estimate of $683.5 million and surged 19.11% year over year, owing to continuous growth in the company’s fleet and an inc ...

Financial Data and Key Metrics Changes - In Q4 2023, Air Lease Corporation (ALC) achieved record quarterly revenues of $717 million, a 19% increase compared to the same quarter last year, and diluted earnings per share of $1.89, up 56% year-over-year [7][28] - Full year revenue reached $2.7 billion, marking another record for ALC [7] - The utilization rate of the fleet remained strong at 99.9% for the full year 2023 [7] Business Line Data and Key Metrics Changes - ALC purchased 22 new aircraft in Q4, adding approximately $1.2 billion in flight equipment, while selling eight aircraft for about $440 million [7][28] - The company recognized $60 million in end-of-lease revenue from the return of seven aircraft [28] - ALC's sales pipeline totals $1.5 billion, including approximately $600 million of aircraft classified as held for sale and $900 million subject to letters of intent [14] Market Data and Key Metrics Changes - Global air traffic volumes rose 37% year-over-year in 2023, with domestic traffic up 30% and international volume increasing by 42% [19][20] - Domestic China traffic surged by 147% compared to the previous year, indicating strong recovery in that market [20] - Passenger load factors reached 82%, with expectations to rise further due to limited aircraft supply [22][23] Company Strategy and Development Direction - ALC's strategy focuses on maintaining a strong order book, with 100% of forward orders placed through 2025 and 65% of the entire order book already placed [10] - The company is capitalizing on increasing lease rates and strong demand for fuel-efficient aircraft, with a focus on the A220 and A350 freighter aircraft [9][10] - ALC aims to maintain a conservative leverage strategy, targeting a debt-to-equity ratio of 2.5 times [32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing demand for aircraft, citing constrained supply and robust airline health, with industry revenues expected to reach $1 trillion in 2024 [23][24] - The company anticipates continued strong performance driven by high demand for new aircraft and a favorable supply-demand imbalance [17][32] - Management highlighted the importance of quality and safety in aircraft manufacturing, particularly in light of recent incidents involving Boeing [16] Other Important Information - ALC recorded a $67 million insurance recovery related to aircraft seized in Russia, which contributed positively to financial results [31] - The company maintains a geographically diverse fleet with 119 customers in 62 countries, reducing risk exposure [24] Q&A Session Summary Question: Expectations on supply tightness and gain on sale - Management believes supply will remain constrained, which could lead to higher gains on sales [36][37] Question: Details on returned aircraft and MRO capacity - Management noted that MRO capacity is tight, and they aim to minimize transition times for returned aircraft [39][41] Question: Recovery from Russian write-off - ALC has recovered about 10% to 12% of the $800 million charge taken last year [46] Question: Lease yields and extensions - Lease yields are affected by the sale of older aircraft and the introduction of younger aircraft, which typically start at lower yields [48] Question: Exposure to China - ALC's exposure to China has decreased significantly, now below 7% [52] Question: Aircraft transition and lease rates - Most returned aircraft are expected to earn rental revenue quickly, and lease rates for new deliveries are significantly higher than previous rates [60][62] Question: Aircraft procurement strategy - ALC remains primarily order book-driven and does not heavily engage in sale-leaseback transactions [82]

Air Lease (AL) reported $716.57 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 19.1%. EPS of $1.89 for the same period compares to $1.21 a year ago.The reported revenue represents a surprise of +4.84% over the Zacks Consensus Estimate of $683.51 million. With the consensus EPS estimate being $1.10, the EPS surprise was +71.82%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...