DBEA55AED16C0C92252A6554BC1553B2 Clicky DBEA55AED16C0C92252A6554BC1553B2 Clicky
May 29, 2024
Air Lease Corporation

#image_title

Care to share?

Air Lease Corporation reported its 3rd quarter 2023 results this morning.  The results were positive, with Q3 revenues increasing year-over-year by 17.5% to  $659.4 million.  Net Q3 profit of $1.10 per share is up 22.2% over the same period in 2022.  The company purchased 8 new aircraft in the quarter, and sold 8 aircraft during the quarter, achieving stronger values as residuals continue to rise.

CEO John Plueger reported that the company’s utilization rate is above 99% and that the company has 100% of its new orders placed through 2025.  ALC has already placed 87% of their full order book, which extends out to 2029.  Demand is currently strong, with the supply-demand balance impacted by OEM quality issues and lower-than-expected production rates.  Air Lease believes that neither Airbus nor Boeing will meet their 2023 delivery targets and that OEM issues will persist for several years.

Air Lease Corporation reported its 3rd quarter 2023 results this morning.  The results were positive, with Q3 revenues increasing year-over-year by 17.5% to  $659.4 million.  Net Q3 profit of $1.10 per share is up 22.2% over the same period in 2022.  The company purchased 8 new aircraft in the quarter, and sold 8 aircraft during the quarter, achieving stronger values as residuals continue to rise.

author avatar
Ernest Arvai
President AirInsight Group LLC