Aircraft lessor Air Lease Corp said on Monday it has received $328.5 million in cash, as part of certain insurance settlements related to its aircraft which were blocked from leaving Russia after the country's invasion of Ukraine.
Investors need to pay close attention to Air Lease (AL) stock based on the movements in the options market lately.
Air Lease Corporation: Upside Despite Interest Headwinds
AL's fourth-quarter 2024 earnings were hurt by higher interest expense, driven by the increase in its composite cost of funds and overall outstanding debt balance.
Air Lease Corporation (NYSE:AL ) Q4 2024 Earnings Conference Call February 13, 2024 4:30 PM ET Company Participants Jason Arnold - Head, IR Steven Hazy - Executive Chairman John Plueger - CEO and President Gregory Willis - EVP and CFO Conference Call Participants Catherine O'Brien - Goldman Sachs Terry Ma - Barclays Jamie Baker - JPMorgan Moshe Orenbuch - TD Cowen Hillary Cacanando - Deutsche Bank Stephen Trent - Citi Ron Epstein - Bank of America Operator Good afternoon, my name is Christa and I will be your conference operator today. At this time, I would like to welcome everyone to the Air Lease Fourth Quarter 2024 Earnings Conference Call.
Air Lease Corp on Thursday reported lower quarterly revenue as lessors wrestle with delays in taking deliveries of commercial jets from planemakers Boeing and Airbus despite strong travel demand.
AL's fourth-quarter 2024 performance is expected to have been weighed down by higher interest expenses and rising operating expenses.
The Zacks Transportation - Equipment and Leasing industry seeks to benefit from consistent shareholder-friendly initiatives. WAB, AL and GBX are set to gain the most.
Delays in deliveries from major aircraft manufacturers are in some cases getting worse, and estimates of delay time can not be trusted, Steven Udvar-Hazy, the executive chairman of Air Lease Corp said on Monday.
AL's top line benefits from steady growth in fleet.
Rising operating expenses and a debt-laden balance sheet do not bode well for AL.
Goldman Sachs analysts added Air Lease to the firm's US Conviction List as part of its monthly update. The firm has a Buy rating on the shares with a $65 price target. Goldman believes Air Lease is poised to see sustained earnings growth as it takes delivery of attractive new tech narrow body airplanes and leases them to customers at an attractive spread.