Financial Performance - Air Lease's financial stability is challenged by escalated operating expenses, particularly elevated interest expenses, which are straining the company's bottom line [1] - In the second quarter of 2024, total operating expenses rose by 6% year over year, primarily driven by a 9.4% increase in interest expenses, which accounted for 37.7% of total operating expenses [2][1] - The Zacks Consensus Estimate for current-quarter earnings has been revised 5.4% downward in the past 60 days, with a 6.7% downward revision for the current year, indicating a lack of confidence from brokers [1] Liquidity and Debt - The company's current ratio was 0.50 in the second quarter of 2024, indicating insufficient capital to pay off short-term debt, as a current ratio of less than 1 is undesirable [4] - High debt levels are a concern for Air Lease, contributing to its financial challenges [2] Stock Performance - Air Lease's shares have declined 4.8% in the past 90 days, contrasting with a 2% rise in the industry [1] - The company currently carries a Zacks Rank 4 (Sell), reflecting its weak performance [1] Comparison with Peers - C.H. Robinson Worldwide (CHRW) has a Zacks Rank 1 (Strong Buy) with an expected earnings growth rate of 25.2% for the current year and shares have risen 17.5% in the past year [5] - Westinghouse Air Brake Technologies (WAB) holds a Zacks Rank 2 (Buy) with an expected earnings growth rate of 26% for the current year and shares have climbed 49.8% in the past year [5][6]

Investors in Air Lease Corporation (AL) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 20, 2024 $35.00 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could al ...

LeoPatrizi In August, I covered Air Lease Corporation (AL) common stock and attached a buy rating to the name with 25% upside. Since then, the stock has appreciated by nearly 17%. However, Air Lease Corporation also has redeemable preferred stock (NYSE:AL.PR.A) and in this report, I will discuss whether there is any appeal to the fixed-floating rate preferred stock. What Is Fixed-Floating Rate Preferred Stock? Before we go into the details of the 6.15% Fixed-to-Floating Non-Cumulative Perpetual Preferre ...

Air Lease Corporation’s (AL) second-quarter 2024 earnings of $1.23 per share missed the Zacks Consensus Estimate of $1.56. Total revenues of $667.3 million lagged the Zacks Consensus Estimate of $687.9 million and fell 0.8% year over year.Other StatisticsRevenues from the rental of flight equipment fell 0.4% year over year to $609.5 million in the reported quarter. Despite growth in the company’s fleet, AL’s rental revenues declined due to the sales of older aircraft with higher lease yields and the purchas ...

Uladzimir Zuyeu/iStock via Getty Images Air Lease Corporation (NYSE:AL) stock tumbled almost 14% on Friday getting caught in a combination of negative market sentiment and the declines of peer AerCap (AER). I strongly believe that airplane lessors provide attractive long-term investment opportunities and with that in mind I am revisiting Air Lease Corporation to discuss the company’s most recent earnings and assess the price target. Air Lease Corporation Margins Are Under Pressure Air Lease Corporation ...

Air Lease Corporation (NYSE:AL) Q2 2024 Earnings Conference Call August 1, 2024 4:30 PM ET Company Participants Jason Arnold - Head of IR Steven Hazy - Executive Chairman John Plueger - CEO and President Gregory Willis - EVP and CFO Conference Call Participants Hillary Cacanando - Deutsche Bank Terry Market - Barclays Jamie Baker - JPMorgan Moshe Orenbuch - TD Cowen Stephen Trent - Citi Operator My name is Audra, and I will be your conference operator today. At this time, I would like to welcome everyone to ...

Air Lease (AL) reported $667.29 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 0.8%. EPS of $1.23 for the same period compares to $1.10 a year ago.The reported revenue represents a surprise of -3.00% over the Zacks Consensus Estimate of $687.93 million. With the consensus EPS estimate being $1.56, the EPS surprise was -21.15%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ex ...

Air Lease (AL) came out with quarterly earnings of $1.23 per share, missing the Zacks Consensus Estimate of $1.56 per share. This compares to earnings of $1.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -21.15%. A quarter ago, it was expected that this company that leases planes to airlines would post earnings of $1.49 per share when it actually produced earnings of $1.31, delivering a surprise of -12.08%.Over the last fo ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35121 AIR LEASE CORPORATION (Exact name of registrant as specified in its charter) Delaware 27-1840403 (State or other jur ...

Exhibit 99.1 Air Lease Corporation Announces Second Quarter 2024 Results Los Angeles, California, August 1, 2024 — Air Lease Corporation (ALC) (NYSE: AL) announces financial results for the three and six months ended June 30, 2024. "We continue to feel the effects of ongoing delays from the aircraft and engine manufacturers. We remain confident and optimistic about the value of our fleet, as seen through our aircraft sales initiatives. There is significant value in our orderbook based on our view of long- t ...