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Sep 30, 2024
ALC Q3 2024 Earnings Report
Announced third quarter 2024 results, showing revenue growth and strategic fleet management amidst high demand for commercial aircraft.
Key Takeaways
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.
Took delivery of 20 aircraft from orderbook, representing approximately $1.9 billion in aircraft investments.
Sold nine aircraft for approximately $340 million in sales proceeds.
Placed 100% and 95% of committed orderbook on long-term leases for aircraft delivering through the end of 2025 and 2026, respectively.
Increased quarterly cash dividend by 5%, from $0.21 per share to $0.22 per share.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements appear in a number of places in this press release and include statements regarding, among other matters, our future aircraft deliveries and rental revenues, which may be impacted by aircraft and engine delivery delays and manufacturing flaws, including as a result of the Boeing labor strike among other factors, our aircraft sales pipeline and expectations, and payment of our future dividends.
Positive Outlook
- Future aircraft deliveries
- Future rental revenues
- Aircraft sales pipeline
- Expectations
- Payment of future dividends
Challenges Ahead
- Aircraft and engine delivery delays
- Manufacturing flaws
- Boeing labor strike
- Aviation supply chain constraints
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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