Air Lease Corp Stock Price, News & Analysis

Air Lease Corporation (AL) reported its financial results for Q1 2021, achieving $474.8 million in revenues, a decrease from $511.4 million in Q1 2020. Operating cash flow showed modest growth, reflecting improved performance post-pandemic. The company's CEO, John Plueger, highlighted ongoing support for airline clients and an expected recovery in air travel, particularly in the US and China. ALC remains focused on environmentally friendly aircraft leases, which are crucial for airlines’ fleet restructuring amidst recovery efforts.

Air Lease Corporation (NYSE: AL) has successfully amended and extended its senior unsecured revolving credit facility with JPMorgan Chase Bank, increasing commitments to approximately $6.4 billion from $6.2 billion and extending the maturity to May 5, 2025. The facility remains priced at LIBOR plus 105 basis points, subject to adjustments based on credit ratings. Gregory B. Willis, CFO, emphasized the facility's role in ALC's funding strategy and its reflection of the company's strong investment-grade credit metrics.

Air Lease Corporation (NYSE: AL) has announced the long-term lease of four Airbus A320neo aircraft to Volaris, Mexico's largest airline. Two of these aircraft are sourced from ALC's order book with Airbus, while the other two come from third-party sale-leasebacks. Deliveries are expected during the remainder of Q2, aligned with Volaris's projected strong summer traffic demand. This deal highlights ALC's effective pairing of sale-leasebacks and direct order placements.

Air Lease Corporation (NYSE: AL) announced the delivery of two new Boeing 787-9 aircraft under a long-term lease to China Southern Airlines. These deliveries mark the fourth and fifth of five new 787-9s ordered by China Southern from ALC. Jie Chen, Executive VP and Managing Director of ALC in Asia, expressed pride in supporting the airline's growth. The press release includes forward-looking statements indicating that actual results may differ from expectations due to various factors.

Air Lease Corporation (NYSE: AL) has successfully delivered a new Airbus A321-200neo LR aircraft to Air Arabia on a long-term lease. This delivery marks the sixth out of six A321-200neo LRs to be leased from ALC’s order book with Airbus. Executive Chairman Steven F. Udvar-Házy noted the positive impact of ALC's A321neos on Air Arabia's operations since the first delivery in April 2019.

The company emphasizes its commitment to providing innovative leasing solutions to airline customers worldwide.

Air Lease Corporation (NYSE: AL) has delivered a new Airbus A321-200neo LR aircraft to Air Astana on a long-term lease. This delivery marks the fifth A321-200neo LR provided by ALC to the airline, which also leases several other Airbus models from ALC. ALC's Executive Chairman expressed satisfaction in supporting Air Astana's fleet modernization initiative. The A321LR is noted for its enhanced range and lower emissions, contributing to Air Astana's expanding international operations post-recovery from prior reductions.

Air Lease Corporation (NYSE: AL) provided an update on its aircraft operations for Q1 2021. As of March 31, 2021, ALC had a fleet of 342 owned and 83 managed aircraft, with 349 new aircraft on order for delivery through 2027. In the quarter, ALC delivered ten new aircraft and invested about $600 million. Financing activities included issuing $750 million in senior unsecured notes and $300 million in preferred stock. ALC's long-term rating from S&P was affirmed at BBB, with a stable outlook.

Air Lease Corporation (NYSE: AL) successfully delivered its first Airbus A330-900 to Delta Air Lines on April 5th, marking the beginning of a sale-leaseback arrangement with Blackbird Capital II. This delivery is part of a larger agreement involving two A330-900s, with a prior delivery from ALC's order book in October 2020. CEO John L. Plueger expressed satisfaction with the strengthening partnership between ALC and Delta, highlighting the synergy of ALC’s order book with their lease operations.

Air Lease Corporation (NYSE: AL) announced the delivery of a new Boeing 737-8 aircraft on a long-term lease to Belavia-Belarusian Airlines. This is the first of five 737-8s to be delivered from ALC's order with Boeing. The new aircraft will replace older models in Belavia's fleet, enhancing service efficiency and environmental performance. ALC's Executive Chairman emphasized the significance of this transaction, marking a long-standing partnership with Belavia. The 737-8 offers improved passenger comfort, specifically in Business Class, as well as cost-efficient operations for air travel.