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 sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. The company provides fleet management services to investors and owners of aircraft portfolios. As of December 31, 2024, it owned a fleet of 489 aircraft, including 355 narrowbody aircraft and 134 widebody aircraft. Air Lease Corporation was incorporated in 2010 and is headquartered in Los Angeles, California.
Financial Turbulence | Air Lease reports mixed financial results, with Q3 EPS beating expectations but Q2 falling short. Impressive gross profit margins of 59% contrast with a significant debt burden. |
Market Positioning | Explore Air Lease's strategy in maintaining a modern fleet amidst market challenges. Potential catalysts include interest rate cuts and opportunities from expiring COVID-era leases. |
Fleet Management | Delve into Air Lease's contrasting performance in aircraft sales and deliveries. Strong sales of $530 million in Q2 2024 offset by weak new aircraft additions, impacting growth strategies. |
Future Outlook | Analysts project an average price target range of $54-$58. Learn about upcoming lease renewals in 2025-2026 and their potential impact on Air Lease's profitability and market position. |
Metrics to compare | AL | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipALPeersSector | |
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P/E Ratio | 9.4x | 20.1x | 11.9x | |
PEG Ratio | 0.60 | 0.28 | 0.03 | |
Price/Book | 0.8x | 3.4x | 1.4x | |
Price / LTM Sales | 2.1x | 1.4x | 1.1x | |
Upside (Analyst Target) | 2.5% | 10.0% | 22.8% | |
Fair Value Upside | Unlock | 13.2% | 8.8% | Unlock |