Air Lease Corporation

63.77+0.20 (+0.32%)

Oct 29, 4:00:02 PM EDT · NYSE · AL · USD

Upcoming Earnings

Report date

Nov 3, 2025 (in 4 days)

Key Stats

Market Cap

7.13B

P/E (TTM)

7.74

Basic EPS (TTM)

8.24

Dividend Yield

0.01%

Recent Filings

8-K

Air Lease merger at $65/share

9/2/25Sep 2, 2025

Air Lease Corporation signed a merger agreement on September 1, 2025, to be acquired by a new Irish holding company backed by Sumitomo, SMBC Aviation Capital, Apollo, and Brookfield, with Merger Sub merging into Air Lease for $65.00 per share in cash—totaling about $7.4 billion in equity value. The deal, fully financed without contingencies, awaits stockholder approval and regulatory nods under HSR, CFIUS, and foreign laws, eyeing a first-half 2026 close, while preferred stocks stay intact and orderbook transfers to SMBC AC post-merger. Yet regulatory hurdles could delay or derail it.

8-K

Q2 revenues hit $732M

8/5/25Aug 5, 2025

Air Lease Corporation reported Q2 2025 revenues of $732 million, up 9.7% year-over-year, fueled by fleet growth, higher portfolio yields, and a $344 million net benefit from Russia insurance settlements, pushing book value per share to a record $65.53. The company purchased 12 new aircraft for $890 million while selling four for $126 million at a 16% gain margin, maintaining 100% fleet utilization and a 7.2-year average lease term. It canceled its seven A350F freighter order, freeing over $1 billion in future CapEx for shareholder returns. Strong lease extensions and robust demand persist amid supply constraints.

10-Q

Q2 FY2025 results

8/4/25Aug 4, 2025

Air Lease Corporation posted strong Q2 FY2025 results, with rental revenue up 9.7% y/y to $678.7M on fleet growth to 495 aircraft, while total revenues rose 9.7% y/y to $731.7M including $53.0M in aircraft sale gains (down from $57.8M y/y). Operating income swung to a $241.4M profit from a $72.3M loss y/y, driven by a $344.0M recovery on Russian fleet insurance claims; net income hit $385.2M or $3.33 diluted EPS, up from $102.9M or $0.81 y/y, with EPS reconciling to 112.2M diluted shares. Fleet net book value climbed 3.4% q/q to $29.1B, supported by $862.0M operating cash flow (up 9.8% y/y) and $476M in aircraft sales proceeds, yielding $93.3M free cash flow (derived); debt held steady at $20.5B (97.4% unsecured, 4.28% composite rate) with $7.9B liquidity including $8.4B revolver capacity. Subsequent events include $58.8M additional Russian insurance recovery in Q3 and Q3 dividend declarations. Yet lessees face heightened risks from tariffs and trade tensions.

8-K

Strong Q2 earnings with insurance boost

8/4/25Aug 4, 2025

Air Lease Corporation reported Q2 2025 net income of $374 million, up sharply from $90 million a year ago, fueled by a $344 million insurance recovery on its former Russian fleet amid robust aircraft demand. Revenues climbed 9.7% to $731.7 million, driven by new deliveries and higher lease yields, while adjusted earnings rose 14.6% to $157 million. Fleet grew to 495 aircraft with $28.8 billion in committed rentals. Recoveries secured 104% of 2022 write-offs, but future claims hinge on litigation outcomes.

8-K

Insurance settlement boosts recoveries

7/1/25Jul 1, 2025

Air Lease Corporation settled insurance claims with certain C&P Insurers in June 2025, securing $112.4 million in cash proceeds for aircraft detained in Russia. This boosts total recoveries to $763.5 million against a $791.0 million 2022 write-off, with the latest gain recorded in Q2 2025 financials. Company eyes a final settlement in Q3. Litigation releases followed, yet full recovery remains elusive.

About

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines in the Asia Pacific, Europe, the Middle East, Africa, Mexico, Central America, South America, the United States, and Canada. It also sells aircraft to third parties, including other leasing companies, financial services companies, airlines, and other investors. In addition, the company provides fleet management services to investors and owners of aircraft portfolios. As of June 30, 2025, it owned 495 aircraft; managed 53 aircraft; and 241 aircraft on order with aircraft manufacturers. Air Lease Corporation was incorporated in 2010 and is headquartered in Los Angeles, California.

CEO

Mr. John L. Plueger CPA

IPO

4/19/2011

Website

https://www.airleasecorp.com

Employees

165

Sector

Industrials

Industry

Rental & Leasing Services