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Jun 30, 2022
ALC Q2 2022 Earnings Report
ALC's financial performance improved, driven by fleet growth and strong aircraft placements.
Key Takeaways
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.
Revenues increased by 13.4% to $557.7 million compared to the same period last year.
Net income attributable to common stockholders was $105.9 million, or $0.95 per diluted share.
Took delivery of 21 aircraft from the new order pipeline and one new incremental aircraft, representing approximately $1.4 billion in aircraft investments.
Placed 99% of contracted orderbook positions on long-term leases for aircraft delivering through the end of 2023.
ALC
ALC
ALC Revenue by Geographic Location
Revenue by Geographic Location
Europe Revenue
CapyFin.comLatAm & Mexico Revenue
CapyFin.comMiddle East & Africa Revenue
CapyFin.comU.S. & Canada Revenue
CapyFin.com Forward Guidance
The company expects continued strong passenger traffic growth and increasing lease rates due to diminishing aircraft supply.
Positive Outlook
- Strong passenger traffic growth.
- Increasing international volume.
- Lease placements stretching further into the future.
- Strengthening lease rates.
- Diminishing aircraft supply.
Challenges Ahead
- Aircraft shortages.
- Concerns about future new aircraft delivery delays.
- Increasing interest rates.
- Higher aircraft values.
- Loss of rental revenue from the termination of leasing activities in Russia.
Revenue & Expenses
Visualization of income flow from segment revenue to net income