Core 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]

Core Viewpoint - Air Lease Corporation (AL) is set to report its first-quarter 2025 results on May 5, with expectations of revenue growth but a decline in earnings compared to the previous year [1][5]. Group 1: Earnings Performance - Air Lease's earnings have exceeded the Zacks Consensus Estimate in two of the last four quarters, with an average surprise of 3.31% [1]. - The Zacks Consensus Estimate for first-quarter 2025 earnings has been revised downward by 3.1% to $1.24, indicating a 5.34% decline from the year-ago actuals [5][6]. Group 2: Revenue Expectations - The Zacks Consensus Estimate for first-quarter 2025 revenues is $710.84 million, reflecting a year-over-year growth of 7.2% [3]. - The estimated revenue from rental of flight equipment is $664 million, indicating an 8.1% growth from the previous year [4]. Group 3: Influencing Factors - The anticipated revenue growth is attributed to the continuous expansion of the company's fleet, increased sales activity, and higher end-of-lease revenues [3]. - Rising operating expenses, including higher selling, general and administrative expenses, interest expenses, and depreciation of flight equipment costs, are expected to negatively impact bottom-line growth [6][7]. Group 4: Earnings Prediction Model - The current model does not predict an earnings beat for Air Lease, as it has an Earnings ESP of 0.00% and a Zacks Rank of 3 [8].