43.50 0.00 (0.00%)
After hours: 4:21PM EST
|Bid||43.22 x 800|
|Ask||43.20 x 3200|
|Day's Range||42.95 - 45.36|
|52 Week Range||31.98 - 49.96|
|Beta (5Y Monthly)||1.91|
|PE Ratio (TTM)||8.55|
|Earnings Date||May 06, 2020 - May 10, 2020|
|Forward Dividend & Yield||0.60 (1.32%)|
|Ex-Dividend Date||Mar 18, 2020|
|1y Target Est||57.13|
Higher revenues from rental of flight equipment drive Air Lease's (AL) fourth-quarter 2019 results. However,increase in operating costs is a concern.
Air Lease Corporation ("ALC") (NYSE: AL) announces financial results for the year and three months ended December 31, 2019.
Major aircraft lessor Avolon and its peers stand to benefit from the coronavirus outbreak as airlines shore up cash by refinancing their planes, the Dublin-based firm said on Wednesday. A sale-and-leaseback trend among airlines "will unquestionably be accentuated now with the coronavirus", Chief Executive Domhnal Slattery told Reuters after Avolon posted $718 million in net income for 2019. "The phone hasn't stopped ringing," Slattery said.
Airbus posted its biggest January order haul in at least 15 years on Thursday as it booked a major leasing order that has been in the pipeline for several months, and carried out 31 aircraft deliveries. The European planemaker said it had taken orders for 296 aircraft in January, including the recently finalised order for 102 planes from Air Lease Corp as well as 100 jets from U.S. low-cost carrier Spirit Airlines. After cancellations, it started the year with 274 net orders.
Fleet transition efforts drive SkyWest's (SKYW) Q4 results. However, revenues decline year over year due to the sale of ExpressJet Airlines.
Low fuel costs and higher passenger revenues aid Hawaiian Holdings' (HA) Q4 results. However, rise in non-fuel unit costs partly affects performance.
Substantial rise in freight revenues boosts Canadian Pacific's (CP) Q4 results. Additionally, the company's 2020 earnings view holds promise.
Amid the sluggish freight demand, low costs aid Knight-Swift's (KNX) Q4 earnings. The company anticipates an improvement in the freight environment during the second half of 2020.
Canadian National's (CNI) fourth-quarter 2019 results hurt by the eight-day rail strike. The below-par freight scenario also negatively impacts the quarterly performance.
Boeing Co is weighing another production cut of its 787 Dreamliner, but may not have to take that step depending on the size and timing of orders from China stemming from a recent U.S. trade agreement, people briefed on the matter said Friday. Earlier this month, U.S. airplane leasing firm Air Lease Corp Chief Executive Officer John Plueger said Boeing could be forced to cut production of its 787 Dreamliners to 10 aircraft per month, amid a drought of orders from China. Boeing shares were off nearly 1% in mid-day trading Friday.
Aircraft lessor Air Lease Corp , which has ordered 150 of Boeing's grounded 737 MAX, remains confident in the jet's long-term value, Chief Financial Officer Greg Willis said on Wednesday after Boeing announced a new delay to its return. "We are watching the situation, which is still very much evolving, but as we look out there are 7,000 737s that need to be replaced," Willis told the Airline Economic aircraft finance conference in Dublin.
Airlines with the best environmental scores should pay less for leasing aircraft than more polluting competitors, the head of one of the world's top leasing companies said on Monday. The radical proposal from Dublin-based Avolon comes as aviation firms face mounting scrutiny over climate policies not only from environmental groups but also investment funds that monitor Environmental, Social and Governance (ESG) performance. Avolon, one of the top three aircraft lessors, claims to have one of the industry's youngest and most efficient fleets.
The chairman of major aircraft leasing firm Air Lease, which has 150 of Boeing's grounded 737 MAX jet on order, on Monday called on the U.S. manufacturer to drop the "damaged" MAX brand to avoid it undermining the plane's value. The comments by Steven Udvar-Hazy, one of the founders of the airplane leasing industry which finances around half of the world's passenger fleet, echoes a call by U.S. President Donald Trump in April last year to "rebrand" its 737 MAX jetliner. Boeing said last June it had no plans to change the name of the jet.