Air Lease CorpAL
Market Cap: 5.51B
About: Air Lease Corp is an aircraft leasing company based in the United States. However, it derives its revenue from the Asia region. Its business involves purchasing aircraft from renowned manufacturers such as The Boeing Company (Boeing) and Airbus S.A.S and leasing them to airline companies across the world. Its suite of aircraft entails single-aisle narrow-bodied jets and twin-aisle wide-bodied aircraft. The company earns from revenue originates from the renting of flight equipment. Geographically it operates in Asia Pacific, Europe, The Middle East and Africa, Central America, South America and Mexico and U.S. and Canada.
Employees: 163
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
450% more call options, than puts
Call options by funds: $51.3M | Put options by funds: $9.33M
75% more funds holding in top 10
Funds holding in top 10: 8 [Q4 2023] → 14 (+6) [Q1 2024]
36% more first-time investments, than exits
New positions opened: 80 | Existing positions closed: 59
36% more capital invested
Capital invested by funds: $4.16B [Q4 2023] → $5.63B (+$1.48B) [Q1 2024]
11% more repeat investments, than reductions
Existing positions increased: 119 | Existing positions reduced: 107
6% more funds holding
Funds holding: 333 [Q4 2023] → 354 (+21) [Q1 2024]
2.35% more ownership
Funds ownership: 96.36% [Q4 2023] → 98.71% (+2.35%) [Q1 2024]
Research analyst outlook
3 Wall Street Analysts provided 1 year price forecasts over the past 6 months
3 analyst ratings
TD Cowen Helane Becker | 13%upside $56 | Buy Maintained | 7 May 2024 |
Barclays Mark Devries | 11%upside $55 | Overweight Maintained | 16 Apr 2024 |
BMO Capital James Fotheringham | 11%upside $55 | Outperform Maintained | 20 Feb 2024 |
Financial journalist opinion
Based on 12 articles about AL published over the past 30 days