|Bid||43.00 x 3200|
|Ask||47.50 x 800|
|Day's Range||45.42 - 46.05|
|52 Week Range||28.13 - 47.54|
|Beta (3Y Monthly)||1.87|
|PE Ratio (TTM)||9.26|
|Earnings Date||Nov 7, 2019|
|Forward Dividend & Yield||0.60 (1.31%)|
|1y Target Est||53.91|
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.
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.
Fleet modernization efforts aid SkyWest's (SKYW) Q3 results. Additionally, operating expenses decline owing to the sale of ExpressJet Airlines.
Air Lease (AL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Unfavorable pricing across most transportation service lines and truckload margin compression in North America affect C.H. Robinson's (CHRW) Q3 results.
HONG KONG/SEOUL, Oct 30 (Reuters) - South Korean carrier Air Premia announced on Wednesday a provisional deal to buy five Boeing 787-9 Dreamliner jets worth $1.4 billion at list prices, becoming the latest new airline to enter the highly competitive low-cost, long-haul market. The deal follows an agreement to lease three 787-9 jets from Air Lease Corp as Air Premia prepares to start flying in September 2020. It is one of several emerging players in South Korea's expanding but highly competitive low-cost market.
Today we'll take a closer look at Air Lease Corporation (NYSE:AL) from a dividend investor's perspective. Owning a...
Now they are cautiously, tentatively, wondering if this time will be different: Value in September had one of its strongest months in many years, relative to growth — with the S&P 500 Value Index outperforming the S&P 500 Growth index by 3.4 percentage points. One perspective on this question is provided by the chart below, which plots the relative performance of the S&P 500 Growth Index over the S&P 500 Value Index. Notice that the late-August peak in this relative performance came at almost precisely the same level that prevailed when the internet bubble burst in early 2000.