Air Lease Corp Stock Price, News & Analysis

Air Lease Corporation (NYSE: AL) announced that CEO John L. Plueger and CFO Gregory B. Willis will speak at the Airline Economics Growth Frontiers Asia Pacific Conference in Singapore on November 8 and 9, 2022. Attendees can find additional details on the conference website. Relevant presentation materials will be available in advance on the Air Lease Investors section of their website. The company specializes in leasing commercial aircraft globally, offering custom solutions to airline customers.

Air Lease Corporation (AL) reported financial results for the three and nine months ended September 30, 2022. Revenues increased by 7.0% to $561.3 million compared to Q3 2021, driven by fleet growth and aircraft sales. The net income attributable to common shareholders remained steady at $100.0 million. The Board announced a quarterly dividend increase to $0.20 per share, marking 40 consecutive payments. The company ended Q3 with $30.9 billion in committed future rental payments and a fleet of 405 aircraft valued at $23.9 billion, with a weighted average age of 4.5 years.

Air Lease Corporation (NYSE: AL) announced long-term leases for three Boeing 737-8 aircraft with Italian airline Aeroitalia. Deliveries are scheduled between 2023 and 2024. Executives from both companies highlighted the efficiency and growth potential of these aircraft for Aeroitalia, supporting its business expansion and sustainability goals. The deal emphasizes the strengthening relationship between ALC and Aeroitalia, with expectations of improved operational capacity for the airline.

Air Lease Corporation (NYSE: AL) has successfully completed the delivery of a tenth Airbus A320-200 aircraft to Allegiant Air, marking the final delivery of ten used A320s formerly leased to Alaska Airlines. This delivery enhances Allegiant's fleet with modern, fuel-efficient aircraft. In addition, ALC has signed long-term lease agreements with Alaska Airlines for 14 new Boeing 737-9 aircraft, with 11 already delivered. Forward-looking statements suggest further deliveries are expected.

Air Lease Corporation (NYSE: AL) announced long-term leases for five new Airbus A321-200 XLR aircraft with LATAM Airlines, set to deliver between fall 2025 and 2026. This agreement marks the introduction of the XLR model to LATAM, which is enhancing its fleet with advanced technology to improve efficiency and passenger experience. LATAM Airlines, the largest carrier in South America, is modernizing its fleet to expand its international route network, thereby optimizing operational capabilities.

Air Lease Corporation (NYSE: AL) provided a third-quarter update highlighting its aircraft investments and sales. As of September 30, 2022, the fleet included 405 owned and 87 managed aircraft, with 412 new aircraft on order for delivery through 2028. The company delivered 14 new aircraft during the quarter and invested approximately $840 million in aircraft. Additionally, one aircraft was sold to a third-party buyer. The statement includes forward-looking remarks indicating uncertainty rooted in ongoing economic conditions, including the COVID-19 pandemic.

Air Lease Corporation (NYSE: AL) has announced a long-term lease of six Boeing 737-8 aircraft to LOT Polish Airlines, set to deliver in October 2022. This expansion will double ALC's aircraft portfolio with LOT to 12 planes, enhancing the airline's fleet modernization efforts since 2017. ALC's Executive Chairman emphasized the significance of this partnership for LOT's network strategy. Meanwhile, LOT is in the process of selecting a new fleet for its regional and narrow-body segments, with these aircraft serving as a bridging solution.

Air Lease Corporation (NYSE: AL) announced a conference call scheduled for November 3, 2022 at 4:30 PM Eastern Time to discuss its financial results for Q3 2022. Investors can join by dialing 1 (888) 660-6652 (domestic) or 1 (647) 362-9199 (international), using passcode 5952437. The call will also be available via live broadcast on the company's website. A replay will be accessible from 7:30 PM ET on November 3 until 7:30 PM ET on November 10, 2022. Visit the Air Lease website for more details.

Air Lease Corporation (NYSE: AL) has announced the long-term lease of two new Airbus A321neo LR aircraft to HiSky, scheduled for delivery in March 2023. This follows the successful leasing of several A320 family aircraft to HiSky since its launch in 2020. HiSky's CEO, Iulian Scorpan, indicated that the new A321neo LRs will support the airline's growth strategy, enhancing their long-range service offerings beginning in April 2023. Forward-looking statements caution that actual performance may differ from projections due to various factors.