Air Lease Corp Stock Price, News & Analysis

Air Lease Corporation (NYSE: AL) announced that its Executive Chairman, Steven F. Udvar-Házy, will present at the Deutsche Bank 12th Annual Aircraft Finance & Leasing Conference in New York City on September 7 at 2:30 PM Eastern Time. The presentation will be live-streamed on the Investors page of the Air Lease Corporation website. Interested parties can find all necessary materials and register for the webcast beforehand. This event highlights ALC's position as a leading global aircraft leasing company, providing customized leasing solutions to airline customers worldwide.

Air Lease Corporation (NYSE: AL) has announced a significant lease agreement for 19 new Airbus aircraft with Condor, including 17 A321neos and 2 A320neos, scheduled for delivery from early 2024 to mid-2027. This collaboration highlights ALC's strong relationship with Condor, enhancing the airline's fleet with modern, fuel-efficient options to maintain competitiveness in the European market. The leased aircraft will support Condor's modernization efforts, aiming for one of the greenest fleets in Europe.

Air Lease Corporation (AL) reported strong Q2 2022 financial results, highlighting a 13.4% increase in revenues to $557.7 million and a net income of $105.9 million, up 23.7% year-over-year. The company has taken delivery of 21 aircraft valued at approximately $1.4 billion, with 99% of its contracted orderbook now on long-term leases. However, challenges include a significant $802.4 million loss due to the write-off of its Russian fleet. The company maintains a robust liquidity of $7.6 billion and a net book value of $23.5 billion for its fleet.

Air Lease Corporation (NYSE: AL) announced the long-term lease of two Airbus A321neo aircraft to Qanot Sharq Airlines, Uzbekistan's first privately-owned airline. The aircraft, slated for delivery this fall, will enhance Qanot Sharq's operational capabilities and expand its service offerings. ALC's Vice President highlighted the positive economic reforms in Uzbekistan that are fostering airline growth and increasing travel demand. The new A321neos will provide operational efficiencies and a premium travel experience for passengers.

Air Lease Corporation (NYSE: AL) announced long-term leases for six new Airbus A220-300 aircraft with TAAG Angola Airlines. Deliveries are scheduled from 2023 to 2024. Executive Chairman Steven Udvar-Házy emphasized that this partnership marks the introduction of Airbus aircraft to TAAG, enhancing operational efficiency. The A220-300s will replace TAAG's Boeing 737-700 fleet, optimizing flight schedules and destinations. This collaboration signifies TAAG's renewed vision and commitment to improved service.

Air Lease Corporation (NYSE: AL) announced its Q2 2022 aircraft investments and sales activity. As of June 30, ALC's fleet comprised 392 owned and 89 managed aircraft, with 430 new aircraft on order from Boeing and Airbus for delivery through 2028. In Q2, ALC delivered 21 new aircraft, including various Airbus and Boeing models, with total investments around $1.4 billion. There were no aircraft sales during the quarter. The press release includes forward-looking statements and advises investors to monitor ALC’s website for significant updates.

Air Lease Corporation (NYSE: AL) will host a conference call on August 4, 2022, at 4:30 PM ET to discuss its Q2 2022 financial results. Investors can join the call by dialing 1 (833) 634-2156 domestically or 1 (412) 902-4142 internationally. A live broadcast will also be available via the Investors page on the company's website. A replay will be accessible from 7:30 PM ET on August 4 until 7:30 PM ET on August 11. Air Lease Corporation specializes in purchasing and leasing commercial aircraft to airline customers worldwide.

Air Lease Corporation (NYSE: AL) has announced long-term leases for three new Airbus A321neo aircraft with LATAM Airlines, set for delivery in summer and fall of 2023. This marks a significant milestone in LATAM’s fleet modernization strategy, as stated by Executive Chairman Steven Udvar-Házy. The press release includes forward-looking statements, emphasizing that actual results may differ from projections due to various factors. Investors are encouraged to monitor ALC's website for updates and important information.

Air Lease Corporation (NYSE: AL) announced that Gregory B. Willis, Executive Vice President and CFO, will present at the Barclays Americas Select Franchise Conference in London on Wednesday, May 11 at 1:00 pm BST (8:00 am ET). ALC is a premier aircraft leasing company based in Los Angeles, providing customized leasing solutions to airline customers worldwide. Investors are encouraged to visit www.airleasecorp.com for more information about the company’s operations and updates.