Key Takeaways DAL posted Q2 EPS of $2.10, beating estimates despite an 11% drop from last year due to labor costs. Revenues hit $16.64B, above expectations, with adjusted operating revenues up 1% year over year. DAL reinstated 2025 EPS guidance of $5.25-$6.25 and sees free cash flow of $3-$4 billion for the year.Delta Air Lines (DAL) reported second-quarter 2025 earnings (excluding $1.17 per share from non-recurring items) of $2.10 per share, which beat the Zacks Consensus Estimate of $2.04. Earnings decr ...

Key Takeaways CNI will invest $110M in Wisconsin to enhance infrastructure, tech, capacity, and network performance. Last year, CNI spent a similar $110M in the state on track maintenance and structural improvements. The investment supports long-term growth and safe freight movement across CNI's Chicago-area network.Canadian National Railway Company (CNI) is forging ahead with a $110 million investment in Wisconsin, as part of its 2025 capital investment program, signaling strong confidence in the region’ ...

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]

Financial Performance - Air Lease Corporation (ALC) reported total revenues of $1,419 million in 2016, a 16% increase compared to 2015[11] - The company's adjusted net income before income taxes was $623 million, up 23% from the previous year[11] - Adjusted diluted earnings per share before income taxes reached $5.67, reflecting a 22% growth[11] - ALC's adjusted margin before income taxes for the full year 2016 was 44.1%[69] Fleet and Portfolio - ALC's owned fleet consisted of 237 aircraft, with an additional 30 managed aircraft[11] - The weighted average fleet age was 3.8 years, with a weighted average remaining lease term of 6.9 years[12, 69] - The company had $9.4 billion in contracted minimum rentals from its existing fleet[57, 69] - ALC increased its minimum future contracted rentals to $23.8 billion, including future fleet[12, 69, 71] - The company sold 46 aircraft for proceeds of $1.2 billion[12] Capital Structure - ALC's total debt stood at $8,714 million, with shareholders' equity at $3,382 million[62] - The company's debt to equity ratio was 2.58x[62, 69] - Contracted cash flows covered 108% of the company's debt[62, 69] - Fixed rate debt accounted for 83.5% of the total debt[62, 69, 71] - Unencumbered assets grew to $12.3 billion[32, 71] Market Outlook - Global airline traffic is projected to grow 5% annually over the next 5 years[19] - Deliveries for 2016 through 2020 are expected to represent 7% of the in-service fleet each year[25]

Company Overview - Air Lease Corporation (ALC) is a premier aircraft lessor with a globally diversified customer base [10] - ALC has total assets of $156 billion [12] - ALC has $15 billion in total revenues [12] - ALC has $234 billion in committed minimum future fleet rentals [12] Portfolio and Fleet - ALC's owned fleet consists of 244 aircraft with a weighted average age of 38 years and a weighted average remaining lease term of 68 years [12] - ALC manages 50 aircraft [12] - ALC has 368 aircraft on order, with 97% of the order book placed through 2019 [12] - The fleet is geographically diverse, with Europe accounting for 32%, China for 21%, and Asia (excluding China) for 22% [55] Financial Performance - ALC's adjusted pre-tax ROE is 175% [12] - ALC has $32 billion in available liquidity [12] - The company's debt-to-equity ratio is 235x [12] - The adjusted margin before income taxes for fiscal year 2017 was 434% [73]

Company Overview - Air Lease Corporation (ALC) has $185 billion in total assets[12] - ALC has $257 billion in committed minimum future fleet rentals[12] - ALC's order book is 91% placed through 2020[12] - ALC has $43 billion in available liquidity[12] Financial Performance - ALC's adjusted pre-tax ROE is 155%[12] - The adjusted net income before income taxes was $690322 million in 2018[76] - The adjusted diluted EPS before income taxes was $620 in 2018[76] Fleet and Portfolio - ALC owns 275 aircraft with a weighted average age of 38 years[12,57] - ALC manages 61 aircraft[12,57] - The weighted average lease term remaining is 68 years[12,57] Capital Structure - ALC's debt to equity ratio is 240x[12,62] - Unsecured debt accounts for 69% of the total capitalization[62] - Fixed rate debt accounts for 864% of the total debt[62,71]

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]

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]

Company Overview - Air Lease Corporation (ALC) operates as a significant aircraft leasing platform with over $50 billion in assets[9] - The company maintains a young fleet with an average age of 4.7 years[10] - ALC boasts a high aircraft utilization rate of 100% in 1Q 2024[10] - The company has $6.5 billion in liquidity, comprising $0.6 billion in unrestricted cash and $6.0 billion available under a revolving credit facility as of March 31, 2024[10, 11] Financial Performance - ALC has $30.6 billion in committed rentals, including $16.6 billion from the existing fleet and $14.0 billion from aircraft to be delivered from the remainder of 2024 through 2028[10, 11] - As of March 31, 2024, ALC's total assets amounted to $30.9 billion[10, 11] - The adjusted pre-tax return on common equity is 11.6%[10] - The company's debt-to-equity ratio is 2.69x, with secured debt accounting for 1.0% of total assets as of March 31, 2024[86] Fleet and Order Book - ALC's fleet includes 472 owned aircraft and 73 managed aircraft[49] - The net book value of flight equipment subject to operating lease is $26.5 billion[49] - The company has commitments to purchase 320 aircraft from Boeing and Airbus for delivery through 2029, with an estimated aggregate commitment of $20.9 billion[11] - ALC is 100% placed through 2025 on long-term leases[10, 60]