46.79 0.00 (0.00%)
After hours: 7:10PM EST
|Bid||46.86 x 800|
|Ask||47.49 x 800|
|Day's Range||46.63 - 47.08|
|52 Week Range||28.13 - 47.54|
|Beta (3Y Monthly)||1.86|
|PE Ratio (TTM)||9.53|
|Earnings Date||Feb 19, 2020 - Feb 24, 2020|
|Forward Dividend & Yield||0.60 (1.28%)|
|1y Target Est||55.20|
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 752 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
Air Lease Corporation (NYSE: AL) (the "Company") announced the pricing on November 26, 2019 of its offering of C$400 million, or U.S.$301 million (based on a Canadian dollar/U.S. dollar exchange rate of C$1.00=U.S.$0.7523, as announced by the U.S. Federal Reserve Board as of November 22, 2019), aggregate principal amount of 2.625% senior unsecured medium-term notes due December 5, 2024 (the "Notes"). The sale of the Notes is expected to close on December 5, 2019, subject to satisfaction of customary closing conditions.
Today Air Lease Corporation (AL) announced the election of a new independent director to its Board of Directors (the “ALC Board”). Susan McCaw was elected to the ALC Board effective November 19, 2019, and will join the eight currently serving members. Ms. McCaw also will serve on the ALC Board’s compensation committee.
Today Air Lease Corporation (“ALC”) (AL) announced lease agreements with Air Transat for six Airbus A321-200 aircraft. The aircraft will deliver to the airline beginning this month through December 2019. “ALC is very pleased to add Air Transat as a new airline customer, leasing six A321-200s to support their route network in Canada, across the Atlantic, and to the USA, Mexico and the Caribbean,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation.
Boeing may be eyeing deliveries of its long delayed 737 MAX aircraft year end, but, Air Lease Corp CEO John Plueger says it will take 24 months for all those jets to be absorbed into the global fleet.
Boeing Co took 10 new plane orders last month, but saw some customers swapping the U.S. planemaker's grounded 737 MAX planes in favor of more expensive wide-body planes as doubts lingered about the MAX's return to service. Net orders so far this year came to just 45 at the end of October, down from 56 in September, further widening the gap on sales this year with the company's European rival Airbus SE which has now sold nearly 500 more planes. After an accounting adjustment representing jets ordered in previous years, but now unlikely to be delivered, Boeing's net total for orders this year sank to a negative 95 airplanes.
Air Lease Corporation (the “Company” or “ALC”) announced today that the Company initiated the sale of a portfolio of 19 aircraft to Thunderbolt III Aircraft Lease Limited (“Thunderbolt III”), a newly formed entity, and Thunderbolt III has now completed its equity and debt financing transactions. The aircraft comprise a mix of narrowbody and widebody jet aircraft that, as of August 31, 2019, had a weighted average age of 9.7 years and were leased to 18 lessees based in 15 countries. ALC and its Irish affiliate, ALC Aircraft Limited, will act as servicers with respect to the aircraft and ALC will act as portfolio manager.
Air Lease's (AL) third-quarter 2019 performance rides on higher revenues from the rental of flight equipment. The decision to raise its quarterly dividend is also encouraging.
Airbus has been especially hard hit, with monthly rental rates for A330s plunging by 50 percent or more.
Higher revenues from Customs Brokerage and Other Services aid Expeditors' (EXPD) Q3 results amid declining airfreight tonnage and ocean container volumes.
Airlines struggling to cope with the grounding of the 737 MAX could face a markedly different problem when Boeing Co's best-selling jet is cleared to re-enter service: a switch to concerns about aircraft oversupply, carriers have been warned. The U.S. planemaker has continued to produce the jet since it was grounded in March after two fatal accidents, and is expected to speed deliveries by 40%, to 70 units a month, when its factory doors reopen, in a bid to clear the backlog.
Air Lease Corporation Founder and CEO John Plueger joins Akiko Fujita to discuss how Boeing's 737 max groundings are impacting outlook and the industry on The Ticker.