Air Lease Corporation (AL) is a leading global commercial aircraft leasing company that specializes in purchasing modern, fuel-efficient jet aircraft from manufacturers like Airbus and Boeing. The company leases these aircraft to airlines worldwide, aiming to generate attractive returns on equity. AL also engages in aircraft sales and provides fleet management services to investors and owners of aircraft portfolios.
- Aircraft Leasing - Leases modern, fuel-efficient jet aircraft to over 200 airlines across 70 countries, focusing on both replacement markets in mature regions and fleet expansion in less saturated markets.
- Aircraft Sales - Sells aircraft from its fleet to third parties, including leasing companies, financial services firms, airlines, and other investors.
- Fleet Management Services - Manages aircraft portfolios on behalf of other owners and investors for a management fee.
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- Considering the recent increase in interest expense due to a rising composite cost of funds, what specific measures will management implement to control financing costs while sustaining competitive yields?
- With the uncertainty surrounding the full recovery of the Russia fleet insurance claims, how is management planning to adjust its capital allocation strategy if additional insurance proceeds fall short of expectations?
- Given the current global tariff environment and its potential to disrupt aircraft deliveries, what contingency plans are in place to mitigate the impact of future tariff-related challenges?
- In light of the extended revolving credit facility and the goal of maintaining 80% fixed rate debt, what actions will management take to manage debt maturity and interest rate risks in a volatile market?
- As management considers organic growth opportunities such as using the order book to acquire used aircraft, what specific criteria and timing factors will guide the decision to pursue these alternatives over traditional new aircraft investments?
Research analysts who have asked questions during Air Lease Corp earnings calls.
Hillary Cacanando
Not Mentioned in Transcript
4 questions for AL
Also covers: AER, FTAI, LUV +2 more
Moshe Orenbuch
TD Cowen
4 questions for AL
Also covers: AER, AFRM, AXP +9 more
Catherine O'Brien
Goldman Sachs
3 questions for AL
Also covers: AAL, AER, ALGT +7 more
Jamie Baker
JPMorgan Chase & Co.
3 questions for AL
Also covers: AAL, AER, ALK +5 more
Ronald Epstein
Bank of America
3 questions for AL
Also covers: , AER, BA +16 more
Stephen Trent
Citigroup Inc.
3 questions for AL
Also covers: AAL, AER, ALK +14 more
Terry Ma
Barclays
3 questions for AL
Also covers: AER, AXP, BFH +14 more
James Kirby
JPMorgan Chase & Co.
1 question for AL
Also covers: AER, SNCY
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Virgin Atlantic | Aircraft leasing | Operating Leases | 6.5% of AL’s fleet net book value |
Air France-KLM Group | Aircraft leasing | Operating Leases | 6.2% of AL’s fleet net book value |
ITA Airways | Aircraft leasing | Operating Leases | 5.6% of AL’s fleet net book value |
Vietnam Airlines | Aircraft leasing | Operating Leases | 4.6% of AL’s fleet net book value |
Aeromexico | Aircraft leasing | Operating Leases | 4.4% of AL’s fleet net book value |
Recent press releases and 8-K filings for AL.
Air Lease Corporation Reports Q2 2025 Results and Updates on Operations
$ALEarnings
Guidance Update
New Projects/Investments
- Air Lease Corporation reported Q2 2025 revenues of $732 million and diluted earnings per share of $3.33. The company recognized a net benefit of $344 million from Russia insurance settlements in Q2, with an additional $60 million expected in Q3, reaching 104% recovery of its initial Russia fleet write-off.
- The company canceled its order for seven A350 freighter aircraft, freeing up over $1 billion in forward capital expenditure commitments. Air Lease expects to deliver $3 billion to $3.5 billion of aircraft from its order book in 2025 and projects $1.5 billion in aircraft sales for the full year.
- Fleet utilization remains 100%, and the order book is 100% placed through 2026. The company's debt to equity ratio declined to just below its 2.5 times target, and it is considering opportunities to return capital to shareholders.
Aug 4, 2025, 8:30 PM
Air Lease Provides Q2 2025 Activity Update
$ALEarnings
New Projects/Investments
- As of June 30, 2025, Air Lease's fleet was comprised of 495 owned aircraft and 53 managed aircraft, with 241 new aircraft on order from Airbus and Boeing set to deliver through 2031.
- In the second quarter of 2025, Air Lease delivered 12 new aircraft from its orderbook, with total aircraft investments for the quarter reaching approximately $890 million.
- The company sold 4 aircraft to third-party buyers in Q2 2025, generating approximately $126 million in sales proceeds.
- Air Lease recognized a net benefit of $344 million from the settlement with certain insurers regarding insurance claims related to its former Russian fleet.
Jul 8, 2025, 10:31 AM
Air Lease Corporation Receives Insurance Proceeds from Russia-Detained Aircraft Claims
$ALLegal Proceedings
- Air Lease Corporation (AL) received $112.4 million in cash insurance proceeds in June 2025 from settlement agreements with certain insurers regarding aircraft detained in Russia, which will be recorded as an insurance recovery in Q2 2025.
- These proceeds are in addition to $226.7 million previously received in Q2 2025, bringing the total aggregate recovery to date to $763.5 million.
- The $763.5 million in total recoveries addresses a significant portion of the initial $791.0 million write-off of interests in owned aircraft detained in Russia, which was taken during Q1 2022.
- The company anticipates entering into a settlement agreement with the final war risk insurer during Q3 2025.
Jul 1, 2025, 12:00 AM
Air Lease Corp Receives Partial Cash Insurance Settlement
$ALLegal Proceedings
- Air Lease Corp has received $328.5 million in cash insurance settlement proceeds from certain insurers related to claims for aircraft detained in Russia.
- The settlement is part of broader legal actions, with ongoing California Litigation and additional settlement discussions pending with other insurers.
- To date, the company has recovered an aggregate of $424.3 million against a $791.0 million write-off recorded in Q1 2022.
Mar 24, 2025, 12:00 AM