Air Lease (US:AL) ZACKS·2026-02-17 17:55Core Insights - Air Lease Corporation (AL) reported fourth-quarter 2025 earnings per share of $2.20, exceeding the Zacks Consensus Estimate of $1.46 and reflecting a 64.2% year-over-year increase due to higher revenues, partially offset by increased depreciation expenses [1][9] - Total revenues reached $820.4 million, surpassing the Zacks Consensus Estimate of $752.1 million and growing 15.1% year over year [1][9] Revenue Breakdown - Revenues from the rental of flight equipment increased by 6% year over year to $680 million, driven by fleet growth and an increase in portfolio lease yield [2] - Revenues from aircraft sales, trading activity, and other sources surged by 90% year over year to $141 million, attributed to heightened sales activity, including $132 million in gains from the sale of 23 aircraft during the fourth quarter [2][9] Operating Expenses and Financial Position - Operating expenses rose by 3.7% year over year to $593.9 million [3] - As of December 31, 2025, Air Lease owned 490 aircraft with a net book value of $29.1 billion, with a total fleet size of 753 aircraft, including 218 on order [3] - Cash and cash equivalents at the end of the fourth quarter were $466.41 million, up from $452.21 million in the prior quarter, while debt financing decreased to $19.7 billion from $20.2 billion [4]