AL
Air Lease Corporation64.19
-0.06-0.09%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
7.17BP/E (TTM)
7.45Basic EPS (TTM)
8.62Dividend Yield
0.01%Recent Filings
8-K
8-K
Air Lease Q3 earnings and merger
Air Lease Corporation reported Q3 2025 net income of $135 million, up 47.8% from last year, fueled by $725 million in revenues and a $60 million insurance recovery on its former Russian fleet, now at 104% recouped. Yet the big news: a September 2 merger agreement to sell to Sumisho Air Lease for $65 per share, valuing equity at $7.4 billion—or $28.2 billion with debt—expected to close H1 2026 pending approvals. Deal curbs operations, but fleet grew to 503 aircraft with $29.3 billion in future rentals.
10-Q
Q3 FY2025 results
Air Lease Corporation posted solid Q3 momentum, with rental revenues climbing 9.8% y/y to $665.6M on fleet growth to 503 aircraft, while total revenues edged up 5.1% y/y to $725.4M despite softer aircraft sales gains of $44.5M (down 31.5% y/y). Operating income swelled 41.7% y/y to $184.9M, fueled by $60.5M in Russian fleet insurance recoveries, though higher interest costs at 4.29% composite rate tempered margins; diluted EPS held steady at $1.21, reconciling to 112.3M shares. YTD, revenues surged 8.6% y/y to $2.2B and net income ballooned 188.7% y/y to $907.5M, driven by $736.4M in insurance proceeds offsetting elevated depreciation and SG&A from merger costs. Liquidity stands firm at $7.4B, including $452.2M cash and $6.9B revolver availability against $20.3B debt (97.5% unsecured); a pending merger with Sumisho Air Lease, announced September 1, 2025, eyes H1 2026 close for $65/share cash. Yet regulatory approvals loom as a key hurdle.
8-K
Air Lease merger at $65/share
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
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.
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