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Air Lease (AL)

ALC is a leading aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions.

Company profile

Ticker
AL, AL+A
Exchange
CEO
John Plueger
Employees
Incorporated
Location
Fiscal year end
Former names
AIR LEASE Corp
SEC CIK
Subsidiaries
ALC Blarney Aircraft Limited ...
IRS number
271840403

AL stock data

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

4 Aug 22
28 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.03B 1.03B 1.03B 1.03B 1.03B 1.03B
Cash burn (monthly) 159.4M 16.58M (no burn) 11.15M (no burn) (no burn)
Cash used (since last report) 470.67M 48.94M n/a 32.94M n/a n/a
Cash remaining 563.17M 984.9M n/a 1B n/a n/a
Runway (months of cash) 3.5 59.4 n/a 89.7 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 May 22 Steven F Udvar-hazy Air Lease Corporation - Class A Common Stock Buy Acquire P Yes No 33.7464 1,000 33.75K 36,445
12 May 22 Steven F Udvar-hazy Air Lease Corporation - Class A Common Stock Buy Acquire P Yes No 33.9834 1,000 33.98K 1,205,558
11 May 22 Steven F Udvar-hazy Air Lease Corporation - Class A Common Stock Buy Acquire P Yes No 35.6 3,000 106.8K 1,204,558
4 May 22 Milton Robert A Air Lease Corporation - Class A Common Stock Grant Acquire A No No 0 3,159 0 41,540
4 May 22 Hart Matthew J Air Lease Corporation - Class A Common Stock Grant Acquire A No No 0 3,159 0 51,527
4 May 22 Krongard Cheryl Gordon Air Lease Corporation - Class A Common Stock Grant Acquire A No No 0 3,159 0 48,822.132
4 May 22 Saines Ian M Air Lease Corporation - Class A Common Stock Grant Acquire A No No 0 3,159 0 43,961.132
88.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 281 300 -6.3%
Opened positions 28 52 -46.2%
Closed positions 47 31 +51.6%
Increased positions 105 111 -5.4%
Reduced positions 104 86 +20.9%
13F shares Current Prev Q Change
Total value 3.27B 19.73B -83.4%
Total shares 97.83M 98.58M -0.8%
Total puts 79K 119.3K -33.8%
Total calls 101.7K 222.4K -54.3%
Total put/call ratio 0.8 0.5 +44.8%
Largest owners Shares Value Change
Vanguard 9.52M $318.09M -1.8%
Dimensional Fund Advisors 6.38M $213.41M +6.6%
BLK Blackrock 6.06M $202.61M +5.2%
Capital International Investors 5.67M $189.5M -17.1%
Wellington Management 5.37M $179.46M -1.4%
JPM JPMorgan Chase & Co. 3.83M $127.98M +169.7%
TROW T. Rowe Price 3.64M $121.58M -3.5%
Artisan Partners Limited Partnership 3.22M $107.6M -4.2%
IVZ Invesco 2.99M $100.07M -19.4%
Lyrical Asset Management 2.9M $97.05M +0.5%
Largest transactions Shares Bought/sold Change
JPM JPMorgan Chase & Co. 3.83M +2.41M +169.7%
Alliancebernstein 403.12K -1.54M -79.3%
Capital International Investors 5.67M -1.17M -17.1%
PRU Prudential Financial 201.57K -817.72K -80.2%
Arrowstreet Capital, Limited Partnership 521.83K -778.88K -59.9%
IVZ Invesco 2.99M -720.91K -19.4%
Ci Investments 2.17K -628.02K -99.7%
Point72 Asset Management 620.3K +620.3K NEW
Cobalt Capital Management 570K +570K NEW
Two Sigma Investments 269.99K -561.95K -67.5%

Financial report summary

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Competition
AircastleAercap
Management Discussion
  • ITEM 2.    MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • Air Lease Corporation (the “Company”, “ALC”, “we”, “our” or “us”) is a leading aircraft leasing company that was founded by aircraft leasing industry pioneer, Steven F. Udvar-Házy. We are principally engaged in purchasing the most modern, fuel-efficient new technology commercial jet aircraft directly from aircraft manufacturers, such as The Boeing Company (“Boeing”) and Airbus S.A.S. (“Airbus”), and leasing those aircraft to airlines throughout the world with the intention to generate attractive returns on equity. In addition to our leasing activities, we sell aircraft from our fleet to third-parties, including other leasing companies, financial services companies, airlines and other investors. We also provide fleet management services to investors and owners of aircraft portfolios for a management fee. Our operating performance is driven by the growth of our fleet, the terms of our leases, the interest rates on our debt, and the aggregate amount of our indebtedness, supplemented by gains from aircraft sales and our management fees.
  • As of June 30, 2022, the net book value of our fleet was $23.5 billion, compared to $22.9 billion as of December 31, 2021. During the three months ended June 30, 2022, we purchased and took delivery of 21 aircraft from our new order pipeline and one new incremental aircraft, ending the period with a total of 392 aircraft in our owned aircraft portfolio. The weighted average age of our fleet was 4.4 years and the weighted average lease term remaining was 7.1 years as of June 30, 2022. Our managed fleet was 89 aircraft as of June 30, 2022 as compared to a managed fleet of 92 aircraft as of December 31, 2021. We have a globally diversified customer base comprised of 116 airlines in 62 countries as of June 30, 2022. As of August 4, 2022, all aircraft in our fleet, except for one aircraft, were subject to lease agreements or letters of intent.

Content analysis

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