Every 10-Q that Air Lease Corporation (AL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow AL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AL filings page.
Sumisho Air Lease Corporation, formerly Air Lease, reports its first Form 10‑Q after a leveraged take‑private completed on April 8, 2026. The company remains one of the largest aircraft lessors, with an owned fleet of 488 aircraft and flight equipment net book value of $23.9 billion as of June 30, 2026.
The merger valued the Class A common stock at $65.00 per share, with total merger consideration of $11.9 billion, including $7.4 billion to common holders and $3.6 billion used to extinguish debt. Funding came from $5.0 billion of new senior notes and term loans plus $5.4 billion of equity from Sumitomo, SMBC Aviation Capital, Apollo and Brookfield, who now hold all voting power through privately held Class C shares.
At June 30, 2026, total assets were $30.5 billion and total debt financing was $20.3 billion, leaving stockholders’ equity of $6.1 billion. The successor period from April 8–June 30, 2026 shows revenue of $575.3 million, interest expense of $249.2 million and a net loss of $7.7 million after $11.1 million in preferred dividends.
The company sold its OEM orderbook to SMBC Aviation Capital for $1.5 billion and now carries $5.1 billion of flight equipment held for sale (86 aircraft), largely under portfolio sale agreements with affiliates of Apollo and Brookfield. Maintenance right assets recognized in purchase accounting total $4.25 billion, and minimum future lease rentals on operating leases are $16.4 billion, providing multi‑year contracted cash flow. Management highlights substantial indebtedness, reliance on lessee performance and large planned asset sales as key ongoing risks.
Sumisho Air Lease Corporation reported essentially flat revenue but sharply lower profit for the quarter ended March 31, 2026, while closing a major change in ownership after period-end. Total revenue was $739.2 million, up 0.1% year over year, as higher lease rental income from a 496‑aircraft fleet offset lower aircraft sales and management fees.
Net income attributable to common stockholders fell to $114.8 million, or $1.02 per diluted share, from $364.8 million, or $3.26 per diluted share, mainly because the prior year included a large $331.9 million insurance recovery related to aircraft detained in Russia and higher gains on sales. Cash from operating activities strengthened to $503.3 million, supporting a $28.9 billion owned fleet and $33.2 billion of total assets.
As of March 31, 2026 the company carried $19.9 billion of debt, 99.2% unsecured after the April 8, 2026 merger. That merger converted each Class A share into $65.00 in cash, took the company private under a new holding structure backed by Sumitomo, SMBC Aviation Capital, Apollo and Brookfield, transferred the $11.8 billion undelivered aircraft orderbook to SMBC AC, and installed SMBC AC as exclusive servicer for aircraft leased to non‑U.S. airlines.
Air Lease Corporation reported higher third‑quarter results. Total revenues reached $725.4 million (up 5.1% year over year) as lease rentals increased with a larger fleet and higher portfolio yields, partly offset by fewer aircraft sales. Net income attributable to common stockholders was $135.4 million, or $1.21 per diluted share, aided by a $60.5 million net benefit from insurance recoveries related to aircraft detained in Russia.
The company ended the quarter with 503 owned aircraft and 50 managed, a weighted average fleet age of 4.9 years, and 7.2 years of remaining lease term. Contracted minimum future rentals totaled $19.6 billion on the existing fleet. Air Lease has commitments to acquire 228 new aircraft through 2031 with an estimated aggregate commitment of $13.4 billion. Liquidity was $7.4 billion, including $452.2 million in cash and undrawn revolving capacity. Total debt was $20.3 billion (75.7% fixed, 97.5% unsecured) with a composite cost of funds of 4.29%. The company has agreed to be acquired for $65.00 per share in cash, subject to customary approvals, with closing anticipated in the first half of 2026.