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Air Lease (AL) Delivers a Boeing 737-9 Jet to Alaska Airlines

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Air Lease Corporation AL announced the delivery of a new Boeing 737-9 aircraft on long-term lease to Alaska Airlines, a subsidiary of Alaska Air Group ALK. This is the first of the 13 new 737-9 aircraft to be delivered to the airline as part of an agreement announced in November 2020 from Air Lease’s order book with The Boeing Company BA.

Air Lease carries a Zacks Rank #4 (Sell).

While Alaska Air carries a Zacks Rank #3 (Hold), Boeing carries a Zacks Rank #2 (Buy).

Alaska Airlines already has six Boeing 737-9 jets currently flying in its fleet. Featuring CFM International LEAP -1B engines, these jets are fuel efficient. The delivery of this new aircraft advances the carrier’s fleet-growth plans to cater to the recovery in air-travel demand. Last month, Alaska Airlines accelerated its fleet growth by exercising options on 12 Boeing 737-9 aircraft earlier than planned. The aircraft are expected to be delivered between 2023 and 2024.

Air Lease Corporation Price

Air Lease Corporation Price
Air Lease Corporation Price

Air Lease Corporation price | Air Lease Corporation Quote

Last December, Alaska Airlines had announced a restructured agreement with Boeing to acquire 68 737-9 aircraft between 2021 and 2024, including options for 52 aircraft to be delivered between 2023 and 2026. Earlier this May, the carrier had exercised options for 13 aircraft.

A Key Picks

A top-ranked stock in the Transportation - Equipment and Leasing industry is Herc Holdings HRI, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Shares of Herc Holdings have rallied more than 100% so far this year.


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The Boeing Company (BA) : Free Stock Analysis Report

Air Lease Corporation (AL) : Free Stock Analysis Report

Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report

Herc Holdings Inc. (HRI) : Free Stock Analysis Report

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