Air Lease Corp (AL) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and Fleet Expansion ... [Yahoo! Finance]
Air Lease Corporation Class A (AL)
Last air lease corporation class a earnings: 2/14 04:05 pm
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airleasecorp.com/investors
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Source: Yahoo! Finance
Diluted Earnings Per Share: Aircraft Purchases: 20 new aircraft purchased, adding $1.9 billion in flight equipment. Aircraft Sales: Sold nine aircraft for approximately $340 million, generating $42 million in gains (14% gain on sale margin). Fleet Utilization Rate: Weighted Average Fleet Age: 4.6 years. Weighted Average Lease Term Remaining: 7.1 years. Interest Expense: Increased by $42 million year over year, with a composite cost of funds at 4.21%. Debt-to-Equity Ratio: 2.63 times on a GAAP basis, 2.57 times net of cash. Liquidity Position: $7.5 billion. Quarterly Cash Dividend: Increased by 5% to $0.22 per share. Warning! GuruFocus has detected 8 Warning Signs with AL. Release Date: November 07, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Air Lease Corp ( NYSE:AL ) generated $690 million in revenues for the third quarter, with $0.82 in diluted earnings per share, benefiting from fleet expansion.
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AL
News
- Air Lease Co. (NYSE: AL) had its "buy" rating re-affirmed by analysts at The Goldman Sachs Group, Inc.. They now have a $65.00 price target on the stock.MarketBeat
- Commercial Aircraft Leasing Market to Grow by USD 20.93 Billion (2024-2028), Driven by Strong Positions of Irish and Chinese Lessors, with AI Driving Market Transformation - Technavio [Yahoo! Finance]Yahoo! Finance
- Etihad Airways orders 3 additional A350 freighters from Airbus [Yahoo! Finance]Yahoo! Finance
- Air Lease Co. (NYSE: AL) had its price target raised by analysts at JPMorgan Chase & Co. from $52.00 to $56.00. They now have an "overweight" rating on the stock.MarketBeat
- Air Lease Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
AL
Earnings
- 11/7/24 - Beat
AL
Sec Filings
- 11/22/24 - Form 144
- 11/8/24 - Form 8-K
- 11/7/24 - Form 10-Q
- AL's page on the SEC website