Air Lease's (AL) total revenues in first-quarter 2024 improve 4.27% year over year owing to continuous fleet expansion.
Air Lease Corporation (NYSE:AL) Q1 2024 Earnings Call Transcript May 6, 2024 Air Lease Corporation misses on earnings expectations. Reported EPS is $ EPS, expectations were $1.49. AL isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Ladies and gentlemen, good […]
Air Lease shares were down about 6% at $48.61 in after hours trading. Aircraft lessors are benefitting from higher rental revenues as airlines hunt for aircraft amid a shortage of commercial jets due to supply problems, slumping production of Boeing's 737 MAX and Pratt & Whitney GTF engine snags. "These imbalances are very likely to stay with us for at least three to four years in the future," Steven Udvar-Hazy, executive chairman of Air Lease Corp., told analysts.