AL icon

Air Lease Corp

46.24 USD
+0.72
1.58%
At close Feb 6, 4:00 PM EST
After hours
46.24
+0.00
0.00%
1 day
1.58%
5 days
-0.88%
1 month
-2.61%
3 months
-2.26%
6 months
9.16%
Year to date
-3.59%
1 year
8.77%
5 years
3.98%
10 years
22.88%
 

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

0
Funds holding %
of 6,831 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

15% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 40

14% more call options, than puts

Call options by funds: $6.79M | Put options by funds: $5.93M

0% more funds holding

Funds holding: 348 [Q2] → 349 (+1) [Q3]

9% less repeat investments, than reductions

Existing positions increased: 120 | Existing positions reduced: 132

2.96% less ownership

Funds ownership: 103.03% [Q2] → 100.07% (-2.96%) [Q3]

5% less capital invested

Capital invested by funds: $5.45B [Q2] → $5.17B (-$286M) [Q3]

17% less funds holding in top 10

Funds holding in top 10: 12 [Q2] → 10 (-2) [Q3]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$56
21%
upside
Avg. target
$61
31%
upside
High target
$65
41%
upside

2 analyst ratings

positive
100%
neutral
0%
negative
0%
Goldman Sachs
Catherine O'Brien
75% 1-year accuracy
6 / 8 met price target
41%upside
$65
Buy
Reinstated
21 Nov 2024
JP Morgan
Jamie Baker
70% 1-year accuracy
7 / 10 met price target
21%upside
$56
Overweight
Maintained
12 Nov 2024

Financial journalist opinion

Based on 6 articles about AL published over the past 30 days

Neutral
Business Wire
2 weeks ago
KBRA Assigns Short-Term Rating to Air Lease Corporation's Unsecured Commercial Paper Program
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a K1 short-term debt rating to the up to $2 billion Unsecured Commercial Paper Notes Program (“CP Notes”) expected to be issued by Air Lease Corporation (NYSE: AL, “the company”), a leading global aircraft leasing company based in Los Angeles, California. Key Credit Considerations The K1 short-term debt rating on the CP Notes reflects AL's A- issuer rating and Stable Outlook as well as the company's strong liquidity and funding profiles, supported by soli.
KBRA Assigns Short-Term Rating to Air Lease Corporation's Unsecured Commercial Paper Program
Neutral
Business Wire
2 weeks ago
Air Lease Corporation Announces $2.0 Billion Commercial Paper Program
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) (the “Company”) announced today the establishment of its commercial paper program (the “Program”). Under the terms of the program, the Company may issue from time to time short-term, unsecured commercial paper notes (the “Notes”) under the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”). Amounts available under the Program may be borrowed, repaid and re-borrow.
Air Lease Corporation Announces $2.0 Billion Commercial Paper Program
Positive
Zacks Investment Research
3 weeks ago
3 Stocks to Watch From the Transport Equipment & Leasing Industry
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.
3 Stocks to Watch From the Transport Equipment & Leasing Industry
Negative
Reuters
3 weeks ago
Top lessor Air Lease says some aircraft manufacturer delays getting worse
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.
Top lessor Air Lease says some aircraft manufacturer delays getting worse
Positive
Zacks Investment Research
4 weeks ago
Air Lease Announces Encouraging Activity Update for Q4 2024
AL's top line benefits from steady growth in fleet.
Air Lease Announces Encouraging Activity Update for Q4 2024
Neutral
Business Wire
4 weeks ago
Air Lease Corporation Activity Update for the Fourth Quarter of 2024
LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced an update on aircraft investments, sales, and significant financing activities occurring in the fourth quarter of 2024. As of December 31, 2024, ALC's fleet was comprised of 489 owned aircraft and 60 managed aircraft, with 269 new aircraft on order from Airbus and Boeing set to deliver through 2029. Aircraft Investments Delivered 18 new aircraft from ALC's orderbook including eight Airbus A220s, three Airbus A321neos.
Air Lease Corporation Activity Update for the Fourth Quarter of 2024
Neutral
Business Wire
1 month ago
Air Lease Corporation Announces Fourth Quarter and Year End 2024 Earnings Conference Call
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) will host a conference call on February 13, 2025 at 4:30 PM Eastern Time to discuss the Company's financial results for the fourth quarter and year end 2024. Investors can participate in the conference call by dialing 1 (800) 715-9871 domestic or 1 (646) 307-1963 international. The passcode for the call is 7572001. The conference call will also be broadcast live through a link on the Investors page of the Air Lease Corporation websi.
Air Lease Corporation Announces Fourth Quarter and Year End 2024 Earnings Conference Call
Neutral
Zacks Investment Research
1 month ago
Here's Why You Should Avoid Investing in Air Lease Stock Right Now
Rising operating expenses and a debt-laden balance sheet do not bode well for AL.
Here's Why You Should Avoid Investing in Air Lease Stock Right Now
Positive
Kiplinger
1 month ago
The Best Industrial Stocks to Buy
Industrial stocks might not be the most exciting positions to own, but they play a vital role in any well-rounded portfolio. Here's how to find the best ones.
The Best Industrial Stocks to Buy
Neutral
Business Wire
1 month ago
Air Lease Corporation Announces Closing of $966.5 Million Unsecured Term Loan Facility
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) announced today the closing of a new $966.5 million unsecured term loan facility that matures in December 2027. The proceeds of the loan will be used to finance the working capital needs of Air Lease Corporation and its subsidiaries and for general corporate purposes. Sumitomo Mitsui Trust Bank, Limited, New York Branch and Oversea-Chinese Banking Corporation Limited acted as Joint Global Coordinators. In addition to Sumitomo Mitsui.
Air Lease Corporation Announces Closing of $966.5 Million Unsecured Term Loan Facility
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