Air Lease (US:AL) ZACKS·2025-09-03 16:31Core Insights - Air Lease's shares have increased by approximately 17.1% since the last earnings report, outperforming the S&P 500 [1][2] Financial Performance - Air Lease reported Q2 earnings per share of $1.40, exceeding the Zacks Consensus Estimate of $1.33, marking a year-over-year improvement of 13.8% [3] - Total revenues reached $731.7 million, surpassing the Zacks Consensus Estimate of $705.4 million, and grew by 9.7% year over year [4] - Revenues from the rental of flight equipment increased by 11% year over year to $679 million, driven by fleet growth and higher lease revenue [5] - Revenues from aircraft sales and other activities rose by 8% year over year to $53 million, attributed to increased management fee revenue, despite lower sales volume [6] - Operating expenses increased by 9.2% year over year to $589.1 million [6] Asset and Debt Position - As of June 30, 2025, Air Lease owned 495 aircraft with a net book value of $29.1 billion, with a total fleet size of 789 [7] - Cash and cash equivalents stood at $454.80 million, slightly down from $456.62 million in the previous quarter, while debt financing increased to $20.3 billion from $19.8 billion [8] Market Sentiment and Estimates - Since the earnings release, there has been a 19.26% upward shift in consensus estimates for Air Lease [9] - The company currently holds a Zacks Rank of 3 (Hold), indicating expectations for an in-line return in the coming months [12] Industry Context - Air Lease operates within the Zacks Transportation - Equipment and Leasing industry, where competitor Ryder has gained 5.4% over the past month [13] - Ryder reported revenues of $3.19 billion for the last quarter, reflecting a year-over-year change of +0.2% [13]