ALC Earnings Reports

Air Lease Corporation's Q4 2024 revenue remained stable, but net income and EPS saw significant declines due to higher interest expenses and lower end-of-lease revenue. The company continued expanding its fleet, adding 18 new aircraft and selling 14. Lease rates and aircraft valuations are expected to rise, supporting future growth.

Air Lease Corporation reported a revenue of $690.2 million and net income of $91.6 million for Q3 2024. The company took delivery of 20 aircraft, sold nine aircraft, and continues to experience high demand for aircraft leasing.

Air Lease Corporation reported a decrease in net income attributable to common stockholders for the three months ended June 30, 2024, to $90 million, or $0.81 per diluted share, compared to $122 million, or $1.10 per diluted share, for the same period in 2023. The decrease was primarily due to higher interest expense and a decline in revenues.

Air Lease Corporation reported a 4% increase in total revenues to $663 million for Q1 2024, driven by fleet growth and sales activity, but net income attributable to common stockholders decreased to $97 million, or $0.87 per diluted share, due to higher interest expenses.

Air Lease Corporation announced strong Q4 2023 results, with a 19% increase in revenues and a 56% increase in net income compared to the prior year's quarter. The company took delivery of 22 aircraft, sold eight aircraft, and ended the year with $31.0 billion in committed minimum future rental payments.

Air Lease Corporation announced strong third-quarter results, driven by continued growth in the fleet and increased sales activity. The company took delivery of eight aircraft and sold eight aircraft during the quarter. ALC is optimistic about its sizable aircraft sales pipeline.

Air Lease Corporation (ALC) announced positive financial results for Q2 2023, driven by new aircraft deliveries exceeding expectations and gains from higher volumes of aircraft sales. Lease rates continue to strengthen and demand for both aircraft leasing and sales remain robust.

Air Lease Corporation reported a strong first quarter in 2023, with revenues increasing by 6.6% to $636.1 million and net income attributable to common stockholders reaching $118.3 million, or $1.06 per diluted share. The results were driven by robust fleet growth and expanding global air travel demand.

Air Lease Corporation (ALC) reported its Q4 and Fiscal Year 2022 results, with aircraft demand bolstering lease rates and orderbook placements. The company took delivery of 16 aircraft during the quarter and sold five aircraft. ALC ended the year with $31.4 billion in committed minimum future rental payments and $6.9 billion in total liquidity.

Air Lease Corporation reported a 7.0% increase in total revenues for the third quarter ended September 30, 2022, reaching $561.3 million, driven by fleet growth and aircraft sales. Net income attributable to common stockholders remained consistent at $100.0 million, with diluted earnings per share at $0.90. The company took delivery of 14 aircraft, representing $843 million in investments, and increased the quarterly cash dividend by 8.1% to $0.20 per share.

Air Lease Corporation reported a good second quarter with revenues increasing by 13.4% to $557.7 million and net income attributable to common stockholders increasing to $105.9 million. The company took delivery of 21 aircraft and maintained a high placement rate for its orderbook.

Air Lease Corporation (ALC) reported a 25.7% increase in total revenues to $596.7 million for the three months ended March 31, 2022, compared to the same period in 2021. However, the company recorded a net loss of $479.4 million, or $4.21 per diluted share, due to a write-off of its Russian fleet, though they are pursuing insurance claims. Excluding the write-off and certain adjustments, adjusted net income before income taxes was $200.9 million, or $1.76 per diluted share, a 71.6% increase over the prior period.

Air Lease Corporation announced strong Q4 2021 results with a 22.1% increase in revenues compared to Q4 2020. The company finalized agreements with Airbus to purchase 116 aircraft and agreed to purchase 50 737 MAX aircraft from Boeing.

Air Lease Corporation announced its Q3 2021 results, showing an increase in revenues driven by fleet growth and cash collections. The company placed a record number of aircraft with lessees and saw a rise in quarterly rental revenue. The Board of Directors also authorized an increase in the quarterly common stock dividend.

Air Lease Corporation reported a decrease in revenues by 5.7% to $491.9 million compared to the same period last year. Net income available to common stockholders was $85.6 million, with diluted earnings per share at $0.75. The company took delivery of 12 aircraft and maintained a strong lease placement rate.

Air Lease Corporation (ALC) reported a decrease in revenues by 7.1% to $474.8 million compared to the same period last year. Net income available to common stockholders was $80.2 million, and diluted earnings per share was $0.70.

Air Lease Corporation (ALC) reported a revenue of $489.102 million and a net income available to common stockholders of $107.249 million for the fourth quarter of 2020. The company took delivery of 10 aircraft from its orderbook and purchased 14 aircraft from the secondary market, representing $1.1 billion in aircraft investments.

Air Lease Corporation reported a decrease in revenues for the third quarter of 2020, with revenues of $494 million and diluted earnings per share of $1.02. The company took delivery of seven aircraft, representing approximately $600 million in aircraft investments. ALC's board of directors authorized a share repurchase program of up to $100 million and increased the quarterly common stock dividend to $0.16 per share.

Air Lease Corporation announced healthy second quarter results with an increase of 10.6% in revenues and 14.5% increase in diluted earnings per share despite the challenges posed by the COVID-19 pandemic.

Air Lease Corporation reported a revenue increase of 9.7% to $511 million for the first quarter of 2020. However, diluted earnings per share decreased by 4.9% to $1.17, and adjusted diluted earnings per share before income taxes decreased by 3.6% to $1.61. The company's fleet grew, and it maintained a strong liquidity position despite the impact of COVID-19 on the global airline industry.

Air Lease Corporation reported a strong fourth quarter in 2019, with a 21.9% increase in revenues to $549 million and a 14.5% increase in diluted earnings per share to $1.42. The company took delivery of 11 aircraft and purchased one aircraft, representing $825 million in aircraft investments. ALC ended the year with total liquidity of $6.3 billion.