Dec 31, 2021

ALC Q4 2021 Earnings Report

ALC had a strong fourth quarter and second half of 2021, benefiting from continuing airline industry recovery and fleet expansion.

Key Takeaways

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.

Finalized agreements with Airbus to purchase a total of 116 aircraft.

Agreed to purchase from Boeing 50 737 MAX aircraft.

Issued $3.7 billion of senior unsecured medium-term notes in 2021 and ended the year with total liquidity of $7.9 billion.

Took delivery of 15 aircraft from our order book during the fourth quarter, representing $1.2 billion in aircraft investments.

Total Revenue
$597M
Previous year: $489M
+22.1%
EPS
$1.75
Previous year: $1.3
+34.6%
WA Fleet Age
4.4
Previous year: 4.1
+7.3%
WA Remaining Lease Term
7.2
Previous year: 6.9
+4.3%
Gross Profit
$250M
Previous year: $172M
+45.1%
Cash and Equivalents
$1.09B
Previous year: $1.73B
-37.3%
Free Cash Flow
$396M
Previous year: $354M
+11.8%
Total Assets
$27B
Previous year: $25.2B
+7.0%

ALC

ALC

ALC Revenue by Segment

ALC Revenue by Geographic Location

Forward Guidance

Air Lease Corporation did not provide specific forward guidance in this earnings report.