Air Lease Corp Stock Price, News & Analysis

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.

Air Lease Corporation (NYSE: AL) has secured long-term lease agreements for four Airbus A321XLR aircraft with Air Transat, marking a significant milestone in fleet renewal. Deliveries are scheduled to begin in late 2025, with an option for a fifth aircraft in 2027. This partnership aims to enhance Air Transat's operational efficiency and customer service. Steven Udvar-Házy, Executive Chairman of ALC, highlighted the comfort and efficiency the A321XLR will bring, while Air Transat's CEO noted the aircraft's strategic importance in their operational flexibility and transatlantic program.

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.