Welcome to our dedicated news page for Air Lease Corporation (Ticker: AL), a resource for investors and traders seeking the latest updates and insights on Air Lease Corporation.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Air Lease Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Air Lease Corporation's position in the market.
Rhea-AI Summary
Air Lease Corporation (AL) reports strong financial performance for Q4 and full-year 2023 with record revenues and profits. Net income increased by 56% in Q4, reaching $210.6 million, and revenues grew by 19% to $716.6 million. For the full year, total assets exceeded $30 billion for the first time. ALC's commercial aircraft supply/demand remains favorable with a $22 billion forward orderbook.
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End-of-Day
-4.78%
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Air Lease Corporation (AL) announced the pricing of its public offering of $500.0 million aggregate principal amount of 5.100% senior unsecured medium-term notes due March 1, 2029. The Notes will mature on March 1, 2029 and will bear interest at a rate of 5.100% per annum. The Company intends to use the net proceeds of the offering for general corporate purposes, including the purchase of commercial aircraft and the repayment of existing indebtedness.
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-0.23%
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Air Lease Corporation (AL) announces update on aircraft investments, sales, and financing activities, with a fleet of 463 owned aircraft, 78 managed aircraft, and 334 new aircraft on order from Boeing and Airbus.
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-1.21%
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Air Lease Corporation (AL) will host a conference call on February 15, 2024, at 4:30 PM Eastern Time to discuss the Company’s financial results for the fourth quarter and year end 2023. Investors can participate in the conference call by dialing 1 (888) 660-6652 domestic or 1 (646) 960-0554 international. The passcode for the call is 5952437. The conference call will also be broadcast live through a link on the Investors page of the Air Lease Corporation website at www.airleasecorp.com. A replay of the broadcast will be available on the Investors page of the Air Lease Corporation website. For your convenience, the conference call can be replayed in its entirety beginning on February 15, 2024, until 11:59 PM ET on February 22, 2024. If you wish to listen to the replay of this conference call, please dial 1 (800) 770-2030 domestic or 1 (647) 362-9199 international and enter passcode 5952437.
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0.67%
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Air Lease Corporation (AL) delivers the first of seven new Airbus A321-200neo aircraft to Transavia, marking a milestone in their long-term lease agreement. The A321-200neo will enhance Transavia's service offerings with excellent and efficient service at affordable fares, strengthening their single-aisle fleet development.
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Air Lease Corporation (AL) delivers two new Airbus aircraft to Sunclass Airlines of Denmark, including one A321-200neo and one A330-900neo. The delivery is part of a long-term lease from ALC's order book with Airbus. Steven Udvar-Házy, Executive Chairman of Air Lease Corporation, expressed satisfaction with the delivery, highlighting the advanced technology and efficiency of the new generation widebodies and narrowbodies.
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-1.69%
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Air Lease Corporation (AL) announced the delivery of the first of 25 new Boeing 737-8 aircraft to Malaysia Airlines Berhad. The aircraft features CFM LEAP 1B-27 engines and is part of ALC's commitment to the national carrier's fleet modernization and sustainability program. ALC also has six Airbus A350-900 aircraft on long-term lease to the airline.
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-0.18%
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Air Lease Corporation (AL) delivers the first of eight new Airbus A321-200neo aircraft to LATAM Airlines. Two A321-200neos are scheduled to deliver in 2023 and 2024, followed by five A321 XLRs starting in 2025 through 2026. ALC's Executive Chairman, Steven Udvar-Házy, expressed satisfaction with the delivery, emphasizing the modernization and expansion of LATAM's international route network.
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-0.42%
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Air Lease Corporation (AL) announced the pricing of C$500 million aggregate principal amount of 5.400% senior unsecured medium-term notes due June 1, 2028. The Notes will bear interest at a rate of 5.400% per annum, payable semi-annually. The net proceeds will be used for general corporate purposes, including the purchase of commercial aircraft and repayment of existing indebtedness.
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-0.42%
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Air Lease Corporation (NYSE: AL) announces a long-term lease contract for 18 new Boeing 737-8 aircraft with EGYPTAIR, marking the first deal between ALC and the Egyptian flag carrier. The new aircraft will be delivered between 2025 and 2026, replacing EGYPTAIR's aging narrowbody fleet with fuel-efficient Boeing aircraft, enhancing the airline's fleet operations and competitiveness.
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Air Lease Corporation
NYSE:AL
AL Rankings
AL Stock Data
5.60B
103.40M
6.51%
91.36%
4.77%
General Rental Centers
Real Estate and Rental and Leasing
United States of America
LOS ANGELES
About AL
launched in 2010, air lease corporation (alc) is an aircraft leasing company based in los angeles, california that has airline customers throughout the world. alc and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline partners worldwide through customized aircraft leasing and financing solutions. for more information, visit alc's website at www.airleasecorp.com.