Company Overview - Joby Aviation is a developer of electric vertical takeoff and landing (eVTOL) aircraft, with its first model, the S4, capable of carrying a pilot and four passengers, traveling 100 miles on a single charge, and reaching speeds of 200 mph [4] - The company is also developing a hydrogen-powered version of its aircraft, which charges faster and has a range five times greater than the S4 [4] - Joby is backed by significant investors, including Toyota and Delta Air Lines, and aims to provide a greener alternative to traditional helicopters [5] Financial Performance - Joby Aviation's stock has not performed well since its public debut, trading at approximately $11, up from an opening price of $10.62 [1] - The company generated only $136,000 in revenue from its USAF contract in 2024, with a net loss of $608 million, significantly missing its projected revenue targets [9] - Analysts expect Joby to generate $2 million in revenue in 2025, with a narrowed net loss of $543 million, primarily from its USAF contract [10] Future Prospects - If Joby gains full FAA approval for commercial flights and expands its air taxi services, revenue could increase to $60 million in 2026 and more than triple to $213 million in 2027 [11] - The company holds a $131 million contract with the U.S. Department of Defense to deliver up to nine eVTOL aircraft, with two already delivered [7] - Joby secured over $1 billion in funding in 2024, ending the latest quarter with $813 million in cash and a low debt-to-equity ratio of 0.26, providing room for further fundraising [13] Market Position - Joby Aviation has a market cap of $9.59 billion, trading at 45 times its projected revenue for 2027, while its competitor Archer Aviation trades at 15 times its projected revenue [14] - The company is seen as potentially too expensive relative to its growth potential and industry peers, raising concerns about its valuation [15]

There's Tesla Inc. TSLA, and then there's the Tesla that flies — and it might just be Archer Aviation Inc. ACHR.As defense chatter ramps up over the Trump administration’s defense push, investors are starting to zero in on next-generation military technology. High on that radar: drone fleets, autonomous logistics and electric vertical takeoff and landing aircraft (eVTOLs). Archer checks all three boxes — and it's already in motion.While most retail eyes are on traditional defense contractors, the smarter tr ...

Aircraft Utilization & Operations - Aircraft utilization was approximately 20% below 2019 levels during July [4] - December aircraft utilization is scheduled to be within 6% of 2019 levels [4, 8] - March aircraft utilization is expected to be within 5% of 2019 levels [4, 8] - The company received its first Boeing 737 MAX in September 2024 and entered revenue service in mid-October 2024 [4, 14] Financial Performance & Outlook - The company expects 2024 cobrand remuneration to exceed $140 million with continued growth in 2025 [4] - Hurricane impact is expected to reduce 4Q24 Airline EPS by $1.25, from $2.25 to $1.00 [17] - Total liquidity at the end of the quarter was $1.1 billion, including $805 million in cash and investments and $275 million in undrawn revolver capacity [24] - The company made principal payments totaling $107 million, including $60.6 million prepayment of debt on PDP loans [24] - The company anticipates interest expense between $150 million and $160 million for FY 2024 [26] Fleet & Efficiency - The 737-8200 offers a 26% increase in ASMs per gallon compared to the A320 [12] - The 737-8200 adds 10 seats per departure compared to the A320 [12] Sunseeker Resort - Sunseeker is expected to have an EBITDA loss between $(25) million and $(30) million for FY 2024, excluding special charges [29]

Boeing delivered 60 airplanes last month, the most since December 2023, as the plane maker seeks to raise production of its bestselling 737 Max jets after a series of manufacturing and safety problems.The tally was the highest since before a door plug from one of its new 737 Max 9 planes blew out midair in January 2024, sparking a new crisis for the company and slowing production and deliveries of aircraft. Of the monthly total, 42 were 737 Maxes, going to customers including Southwest Airlines, Alaska Airl ...

Key Takeaways Airbus won a firm order from Malaysia Aviation Group for 20 A330-900 widebody aircraft. A330-900 jet, powered with Rolls-Royce Trent 7000 engines, offers reduced CO2 emissions. The global passenger fleet is expected to nearly double from 2025 to 2044, boosting Airbus' long-term outlook.Airbus SE (EADSY) recently secured a firm order from the Malaysia Aviation Group to deliver 20 of its A330-900 widebody commercial aircraft. This should bolster EADSY’s commercial aircraft backlog and future r ...

Company Overview - ALC is a premier aircraft lessor and one of the largest customers for new commercial jet aircraft[9] - The company has a globally diversified customer base[9] - ALC has strong funding profile and credit metrics with two investment grade credit ratings[9] Market Outlook - Global airline traffic has historically doubled every 15 years and is projected to grow 5% annually over the next 5 years[17] - Airline load factors are approximately 80% globally[18] - Deliveries for 2016 through 2020 are expected to represent 7% of the in-service fleet each year[23] Financial Performance - ALC's assets have grown consistently, reaching $12.4 billion in 2015[29] - Unencumbered assets have grown to $10.6 billion in 2015[31] - Revenue has grown consistently, reaching $1.223 billion in 2015[34] - Adjusted net income reached $507 million in 2015, with an adjusted net income margin of 41.7%[36, 67] Portfolio and Order Book - ALC has $8.9 billion in contracted minimum rentals from its existing fleet[56] - The company has $12.0 billion in committed rentals on its order book, totaling $20.9 billion in committed cash flows[67] - ALC has 389 new aircraft on order through 2023, totaling approximately $30.7 billion[59] Capital Structure - ALC has raised over $13 billion in total capital since inception[62] - The company's debt to equity ratio is 2.55:1[63, 67] - Contracted cash flows cover 115% of the company's debt[63, 67]

Company Overview - Air Lease Corporation (ALC) is a significant aircraft leasing platform with over $55 billion in assets and commitments [10] - The company has a strong order book of 430 aircraft [11, 12] with an estimated aggregate commitment of $276 billion [12] - ALC boasts $76 billion in liquidity, comprising $1 billion in unrestricted cash and $66 billion in available borrowing capacity [11, 12] - Approximately 72% of ALC's fleet NBV is with flag carriers or airlines with government ownership [11] Financial Performance and Market Position - ALC's revenue increased from $2 billion in 2020 to $23 billion in the trailing twelve months (TTM) ending June 30, 2022 [14] - The company's orderbook placement rate rose from 47% in 2020 to 58% in Q2 2022 (TTM) [14] - Operating cash flow increased from $11 billion in 2020 to $15 billion in Q2 2022 (TTM) [14] - Adjusted Pre-tax Return on Common Equity is 122% [11, 42] Industry Trends and Outlook - International passenger volumes are recovering, reaching -29% of 2019 levels [14, 23] - The industry experienced a 658% decline in passenger traffic during the COVID-19 pandemic [27] - ALC has $10 billion in orderbook placements since June 2021 [38]

Company Overview - Air Lease Corporation (ALC) operates as an aircraft leasing platform with approximately $55 billion in assets [9, 11, 133] - The company's aircraft utilization rate was 99.7% in Q4 2022 [10, 14] - ALC maintains investment-grade credit ratings from S&P (BBB), Fitch (BBB), and Kroll (A-) [10, 133] - The company has $6.9 billion in total available liquidity [10, 14, 108] - ALC has a diversified customer base, serving 117 airlines in 62 countries [14, 61, 133] Financial Performance - ALC's adjusted pre-tax return on common equity was 11.0% [10, 137] - The company's total assets amounted to $28.4 billion [10, 77, 133] - ALC's unsecured debt represents 99% of its debt portfolio [10, 96, 105] - The company's fixed-rate debt accounts for 91% of its total debt [10, 98, 105] - Adjusted net income before income taxes was $659.9 million in 2022 [135, 137] Portfolio and Order Book - ALC has commitments to purchase 398 aircraft from Boeing and Airbus for delivery through 2029, with an estimated aggregate commitment of $25.5 billion [10, 11] - The company has $31.4 billion in committed minimum future rentals [10, 61] - 90% of ALC's order book through 2024 is placed on long-term leases [10, 14, 70, 71]

First, let's get some breaking uh economic data just crossed. Rick Santelli has that for us. Rick.Yes. And there's a lot of it. If we look at the factory orders, durable goods, let's start there.Factory orders for May up 8.2%. Up 8.2%. I have five years here. I don't have a higher number. That is a huge number.And that follows a slightly revised minus 3.7% that moves to minus 3.9%. We started out the year in single digits. It certainly seems though this is telling us that all the trade pulled forward may in ...

Company Overview - Air Lease Corporation (ALC) operates as a significant aircraft leasing platform with over $50 billion in assets [9, 119] - The company's fleet has a young average age of 46 years, positioning it favorably within the industry [10] - ALC maintains a high aircraft utilization rate, reporting 999% in 2023 [10] Financial Performance & Structure - ALC possesses substantial liquidity, with $68 billion available as of December 31, 2023 [10] - The company's capital structure targets a debt-to-equity ratio of 25:1 and a high percentage of unsecured debt [91] - ALC's adjusted pre-tax return on common equity was 121% in 2023 [10, 121] Market Trends & Strategy - The company is benefiting from the growing middle class, which is expected to account for 68% of total worldwide spending by 2030 [16] - ALC's order book includes 334 aircraft for delivery through 2028, with an estimated commitment of $217 billion [10, 11] - The company has a diversified customer base, serving 119 airlines across 62 countries [49, 119]