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Sep 30, 2022
ALC Q3 2022 Earnings Report
Announced third quarter 2022 results, revenues increased driven by fleet growth and aircraft sales, with net income remaining in-line with the prior year.
Key Takeaways
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.
Took delivery of 14 aircraft from our new order pipeline, representing $843 million in aircraft investments, ending the period with over $28 billion in total assets.
As of September 30, 2022, we had 405 aircraft in our owned fleet, with a net book value of $23.9 billion, a weighted average age of 4.5 years and a weighted average lease term remaining of 7.0 years.
Placed 99% of our contracted orderbook positions on long-term leases for aircraft delivering through the end of 2023 and have placed 58% of our entire orderbook.
Increased our quarterly cash dividend by approximately 8.1%, from $0.185 per share to $0.20 per share of our outstanding Class A common stock.
Revenue by Segment
Forward Guidance
The company did not provide a formal financial outlook for future periods.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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