Air Lease (AL) Q1 Earnings & Revenues Fall Short of Estimates

Air Lease Corporation (AL) reported lower-than-expected first-quarter 2024 results, wherein both earnings and revenues lagged the Zacks Consensus Estimate.  AL’s quarterly earnings per share (excluding 44 cents from non-recurring items) of $1.31 fell short of the Zacks Consensus Estimate of$1.49. Results were hurt by high expenses. Quarterly earnings, however, improved 23.6% on a year-over-year basis. Total revenues of $663.3 million lagged the consensus mark of$682.4 million. However, the top line improv ...