Air Lease Corp Stock Price, News & Analysis

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.

Air Lease Corporation (AL) reported financial results for Q1 2022, with revenues rising 25.7% to $596.7 million, driven by fleet growth and lease restructuring gains. However, a significant $802.4 million write-off of Russian assets led to a net loss of $479.4 million, translating to a diluted loss per share of $4.21. The company completed its $150 million stock repurchase program and is pursuing insurance claims for its Russian fleet losses. With $29.5 billion in committed future rental payments, AL remains positioned for growth amid ongoing market challenges.

Air Lease Corporation (NYSE: AL) has successfully amended and extended its senior unsecured revolving credit facility, increasing its total commitments to approximately $7.0 billion and extending the maturity date to May 5, 2026. This facility, now managed by JPMorgan Chase Bank, enhances the company's funding strategy, reflecting strong investment-grade credit metrics. The interest rate is based on adjusted term SOFR plus a margin of 1.05%.

Gregory B. Willis, CFO of Air Lease, emphasized the importance of this facility for the company's fleet expansion.

Air Lease Corporation (NYSE: AL) provided an update on its operations for Q1 2022, highlighting a fleet of 391 owned and 93 managed aircraft, with 451 new aircraft orders through 2028. The company delivered eight new aircraft, investing approximately $490 million in the quarter. Financing efforts included issuing $1.5 billion in senior unsecured medium-term notes. However, ALC terminated leases for all aircraft leased to Russian customers, with 21 owned aircraft remaining in Russia, equating to 3.4% of its fleet by net book value as of March 31, 2022.

Air Lease Corporation (NYSE: AL) will host a conference call on May 5, 2022, at 4:30 PM Eastern Time to discuss its financial results for the first quarter of 2022. Investors can join by dialing (855) 308-8321 domestically or (330) 863-3465 internationally using the passcode 7766137. The call will be live-streamed via the Air Lease Corporation's website, and a replay will be available from 7:30 PM ET on May 5 until 7:30 PM ET on May 12.