|Bid||40.05 x 1000|
|Ask||40.07 x 1000|
|Day's Range||39.37 - 40.15|
|52 Week Range||29.75 - 50.99|
|Beta (5Y Monthly)||1.84|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 02, 2022 - Nov 07, 2022|
|Forward Dividend & Yield||0.74 (1.92%)|
|Ex-Dividend Date||Sep 09, 2022|
|1y Target Est||53.77|
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Air Lease (AL) second-quarter 2022 revenues benefit from continued growth in fleet.
Air Lease (AL) delivered earnings and revenue surprises of 20.25% and 2.18%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Air Lease Corp on Thursday reported a better-than-expected quarterly profit as a shortage of jets due to delays in deliveries from Boeing Co and Airbus boosted demand for the lessor's planes. A stretched supply chain and an acute labor shortage has stymied Boeing and Airbus' ability to stick to their delivery schedule, leaving carriers to turn to Air Lease for its new and young-used aircraft. Air Lease said it would examine progress payments that the company makes to Boeing and Airbus as deliveries of aircraft get delayed.