AL
Air Lease Corporation64.19
-0.06-0.09%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '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
Record revenues, merger advances
Air Lease posted record Q4 revenues of $820.4M, up 15.1%, and full-year $3.0B, up 10.3%, fueled by fleet growth to 490 aircraft and $1.0B from selling 23 planes. Net income hit $170M ($1.51/share) in Q4, $1.0B ($9.29/share) yearly, boosted by $736M Russian fleet recovery yet adjusted pre-tax earnings rose 25% to $718M. Merger with Sumisho affiliate, approved Dec 18, eyes H1 2026 close. No earnings call amid deal.
10-K
FY2025 results
Air Lease Corporation grew fleet net book value 3.1% to $29.1B in FY2025 ended December 31, 2025, with revenues up 10.3% y/y to $3.0B on higher rentals and $244.4M gains from selling 48 aircraft (up from 39). Net income hit $1.0B or $9.29 diluted EPS, boosted by $736.4M Russian insurance recovery, yet adjusted pre-tax income rose to $718.4M or $6.40/share on fleet expansion despite rising depreciation and 4.15% cost of funds. Q4 momentum showed steady 100% utilization and $28.9B committed rentals, with $7.5B liquidity supporting $12.6B orderbook. Merger pending H1 2026 restricts debt; pending regulatory approvals risk delays.
8-K
NEO bonuses accelerated pre-merger
Air Lease accelerated target 2025 cash bonuses for NEOs Plueger, Levy, Forsyte, and Willis into December 2025, plus Plueger's 43,093 TSR RSUs at 150% and 100,549 book value RSUs at 175%, to dodge Section 280G excise taxes tied to the pending Sumisho merger announced September 1. Clawback agreements enforce repayments if performance falls short or employment ends early. Tax deductions preserved.
8-K
Stockholders approve $65/share merger
Air Lease stockholders overwhelmingly approved the merger with Sumisho Air Lease Corporation, backed by Sumitomo, SMBC Aviation Capital, Apollo, and Brookfield, on December 18, 2025. Over 90 million shares voted for the September 1 agreement, entitling holders to $65.00 cash per share. Closing eyed for H1 2026, pending approvals. Regulatory hurdles loom.
8-K
Proxy supplements amid lawsuits
Air Lease supplements its merger proxy with enhanced J.P. Morgan analyses and management projections amid stockholder lawsuits alleging disclosure gaps. Selected transactions imply $43.55-$110.15 per share; dividend discount yields $58.30-$75.20—both bracketing the $65.00 merger price. Lawsuits seek injunctions. Shareholder vote looms December 18.
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