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Air Lease Corporation Completes First Ever North American Corporate Sukuk Offering
Business Wire (Mon, 20-Mar 6:33 AM ET)
Air Lease Corporation to Speak at J.P. Morgan Industrials Conference
Business Wire (Tue, 14-Mar 6:33 AM ET)
Air Lease Corporation Announces Lease Placement of Three New Airbus A350-900 Aircraft with Air France
Business Wire (Mon, 6-Mar 6:31 AM ET)
Air Lease Corporation Announces Fourth Quarter & Fiscal Year 2022 Results
Business Wire (Thu, 16-Feb 4:05 PM ET)
Air Lease Corporation Announces Lease Placement of Six New Airbus A220 Aircraft with Croatia Airlines
Business Wire (Mon, 16-Jan 10:01 AM ET)
Air Lease Corporation Activity Update for the Fourth Quarter of 2022
Business Wire (Wed, 11-Jan 6:31 AM ET)
Air Lease Corporation Announces Fourth Quarter and Year End 2022 Earnings Conference Call
Business Wire (Tue, 10-Jan 6:33 AM ET)
Air Lease Corporation Announces Pricing of Public Offering of $700.0 Million of Senior Unsecured Medium-Term Notes
Business Wire (Mon, 9-Jan 8:58 PM ET)
Air Lease Corp is an aircraft leasing company based in the United States. However, it derives its revenue from the Asia region. Its business involves purchasing aircraft from renowned manufacturers such as The Boeing Company (Boeing) and Airbus S.A.S and leasing them to airline companies across the world. Its suite of aircraft entails single-aisle narrow-bodied jets and twin-aisle wide-bodied aircraft. The company's primary source of revenue originates from the leasing of aircraft and to a certain extent from the provision of fleet management services to investors and owners of aircraft portfolios.
Air Lease Class A trades on the NYSE stock market under the symbol AL.
As of March 27, 2023, AL stock price climbed to $37.30 with 185,174 million shares trading.
AL has a beta of 1.26, meaning it tends to be more sensitive to market movements. AL has a correlation of 0.63 to the broad based SPY ETF.
AL has a market cap of $4.14 billion. This is considered a Mid Cap stock.
Last quarter Air Lease Class A reported $602 million in Revenue and $1.42 earnings per share. This beat revenue expectation by $13 million and exceeded earnings estimates by $.42.
In the last 3 years, AL stock traded as high as $52.96 and as low as $17.61.
The top ETF exchange traded funds that AL belongs to (by Net Assets): VTI, VB, VBR, VXF, AVUV.
AL has underperformed the market in the last year with a price return of -13.1% while the SPY ETF lost -10.4%. AL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.4% and -4.5%, respectively, while the SPY returned +4.1% and +3.3%, respectively.
AL support price is $35.74 and resistance is $37.50 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AL stock will trade within this expected range on the day.