Air Lease (NYSE:AL) Stock

Air Lease

Air Lease Corp is an aircraft leasing company based in the United States. It is engaged in purchasing commercial jet aircrafts directly from aircraft manufacturers and leasing those aircraft to airlines throughout the world to generate attractive returns on equity. The company also sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors, and offers fleet management services to investors and owners of aircraft portfolios for a management fee. Geographically, it derives a majority of its revenue from the Asia-Pacific region and the rest from Europe, Middle East and Africa, Central America, South America, Mexico, the United States, and Canada.

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Air Lease Corporation (NYSE: AL) shares are trading higher Friday following its better-than-expected fourth-quarter 2024 financial results. 

Air Lease Shares Were Up Today: What&#39;s Going On Today?

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Shares of companies in the broader industrial sector are trading lower amid overall market weakness on US consumer and economic concerns.

The aircraft are scheduled to deliver to the Uzbek airline in 2026 and 2027 from Air Lease's orderbook with Airbus.

Air Lease Enters Long-term Lease Agreements With Qanot Sharq Airlines For Five New Airbus A321neo Aircraft

JP Morgan analyst Jamie Baker maintains Air Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AL#NYSE">AL</a>) with a Overweight and raises the price target from $56 to $57.

Price Target

JP Morgan Maintains Overweight on Air Lease, Raises Price Target to $57

Air Lease Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AL#NYSE">AL</a>) shares are trading higher Friday following its better-than-expected fourth-quarter 2024 <a href="https://www.benzinga.com/pressreleases/25/01/b42869342/air-lease-corporation-activity-update-for-the-fourth-quarter-of-2024">financial results</a>.
What To Know: Despite a 1% decline in quarterly rental revenue, aircraft sales and trading revenue increased by 2%, driven by gains from the sale of 14 aircraft. The company reported quarterly earnings of&nbsp;$1.34&nbsp;per share which beat the analyst consensus estimate of&nbsp;74 cents&nbsp;by&nbsp;81.08%. This is a&nbsp;30.21 percent&nbsp;decrease over earnings of&nbsp;$1.92&nbsp;per share from the same period last year. The company reported quarterly sales of&nbsp;$712.89 million&nbsp;which beat the analyst consensus estimate of&nbsp;$704.03 million&nbsp;by&nbsp;1.26%. 
Full-year 2024 results showed record revenues of $2.73 billion, supported by $5 billion in aircraft purchases and $1.7 billion in aircraft sales. The company highlighted a strong leasing pipeline, with 100% of expected aircraft through 2026 already placed on long-term leases.
Key takeaways include:
<ul>
<li>Fleet Growth: Delivered 18 aircraft in the fourth quarter, ending with 489 aircraft and over $32 billion in total assets.</li>
<li>Financial Health: Ended the year with $8.1 billion in liquidity and raised $1.3 billion in new debt financing.</li>
<li>Dividend: The board approved a quarterly cash dividend of 22 cents per share, payable on April 7, 2025.</li>
<li>Outlook: CEO John L. Plueger and Executive Chairman Steven Udvar-Házy expect higher lease rates and aircraft valuations due to ongoing aircraft shortages.</li>
</ul>
AL Price Action: Air lease shares were up 6.54% at $49.38 at the time of writing, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021425&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1024" height="540" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/14112613/Screenshot-2025-02-14-at-11.25.49-1024x540.png" alt="" class="wp-image-783509" style="width:423px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/14112613/Screenshot-2025-02-14-at-11.25.49-1024x540.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/14112613/Screenshot-2025-02-14-at-11.25.49-300x158.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/14112613/Screenshot-2025-02-14-at-11.25.49-768x405.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/14112613/Screenshot-2025-02-14-at-11.25.49.png 1505w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Air Lease Shares Were Up Today: What's Going On Today?

Air Lease shares are trading higher after the company reported better-than-expected Q4 financial results.

Air Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AL#NYSE">AL</a>) reported quarterly earnings of $1.34 per share which beat the analyst consensus estimate of $0.74 by 81.08 percent. This is a 30.21 percent decrease over earnings of $1.92 per share from the same period last year. The company reported quarterly sales of $712.89 million which beat the analyst consensus estimate of $704.03 million by 1.26 percent. This is a 0.51 percent decrease over sales of $716.57 million the same period last year.

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