What is the revenue and EPS growth rate for Air Lease year over year?

What is Air Lease's latest dividend and current dividend yield?

What is Air Lease's gross profit margin?

What does Air Lease do and what are its main business segments?

What were the key takeaways from Air Lease’s earnings call?

What factors drove the changes in Air Lease's revenue and profit?

What guidance did Air Lease's management provide for the next earnings period?

What were the key takeaways from Air Lease's earnings call?

- **Record financial performance**: Q2 revenue $732M, EPS $3.33, with $344M Russia insurance proceeds.
- **Sales pipeline strength**: $1.4B pipeline at 16% gain, 100% fleet utilization.
- **Yield improvement**: 150-200bps portfolio yield growth expected over next 2 years.
- **Capital flexibility**: $7.9B liquidity, debt-to-equity near target, buybacks on radar.
- **Production stability**: Boeing on track, Airbus delays in single-aisle deliveries.

**【CEO Summary Section】**
- Q2 2025 revenue: $732 million, diluted EPS: $3.33, driven by new aircraft deliveries, gain on sales, and Russia fleet insurance proceeds.
- Russia insurance recoveries: $344 million in Q2, with an additional $60 million expected in Q3, totaling 104% of initial write-off recovery.
- Aircraft sales: 4 aircraft sold for $126 million (16% gain), with a $1.4 billion sales pipeline at attractive margins.
- Fleet metrics: 100% utilization, weighted average lease term 7.2 years, order book 100% placed through 2026.
- Capital allocation: Cancelled $1 billion in A350 freighter orders, targeting buybacks while maintaining debt-to-equity ratio near 2.5x.

**【CFO Financial Commentary】**
- Total revenue up 9.7% YoY to $732 million, driven by rental revenue (+13.5%) and end-of-lease income.
- Expenses: Interest up $19 million YoY due to higher cost of funds (4.28%), SG&A stable at 6.8% of revenue.
- Liquidity: $7.9 billion cash, $31 billion unencumbered assets, $29 billion contracted rentals.
- Portfolio yield: Expected 150-200bps improvement over next 2 years as COVID-era leases roll off.

**【Q&A Highlights】**
- Lease extensions: 16% gain on sales, 150-200bps yield improvement guidance remains intact.
- Capital deployment: Buybacks under consideration, but prioritizing balance sheet strength.
- Production stability: Boeing meeting delivery targets, Airbus single-aisle production lagging.
- Tariffs impact: No effect on passenger aircraft demand, cargo markets cautious.
- 2025 outlook: $1.5 billion in aircraft sales, Q3 deliveries ~$600 million, Q4 update pending.


Air Lease Corporation (AL) Q2 2025 Earnings Call Transcript

- **Record Q1 Performance**: $738M revenue, $3.26 EPS, $329M insurance recovery.
- **Strong Demand Across Regions**: 100% fleet utilization, 50%+ lease rate increases post-COVID.
- **Financial Flexibility**: Debt-to-equity at target 2.5x, $7.4B liquidity for M&A/buybacks.
- **Supply Constraints**: Airbus/Boeing delays push 2027-28 deliveries by 1 year, tightening supply-demand.

**【CEO Opening Remarks】**
- Q1 2025 revenue: $738M, EPS: $3.26, driven by fleet expansion and $329M insurance proceeds from Russia fleet claims.
- Fleet additions: 14 aircraft ($800M) sold 16 aircraft ($521M), with utilization at 100%.
- Global demand strong: Asia, Europe, Middle East airlines report robust bookings, lease rates rising.
- Tariff impact: 87% of business outside North America; no aircraft deliveries to tariff-imposed regions.
- Supply constraints: Airbus/Boeing delays push 2027-28 deliveries by 1 year, exacerbating fleet replacement shortfall.

**【CFO Financial Breakdown】**
- Rental revenue +5% YoY to $645M, lease yields stable vs. Q1 2024, rising vs. Q4 2024.
- Sales proceeds $521M (16 aircraft), 13% gain margin, pipeline at $741M with 8%-10% target range.
- Interest expense +$28M YoY due to higher debt levels and 23bp rate increase to 4.26%.
- SG&A 6.8% of revenue, down vs. prior year; one-time $17M Steve Hazy retirement costs.
- Debt-to-equity ratio at target 2.5x after $329M insurance recovery; $227M additional recovery received post-quarter.
- Revolving credit facility upsized to $8.2B, 52 bank partners.

**【Q&A Highlights】**
- **Capital Allocation**: Considering buybacks, M&A, dividends; flexibility from $7.4B liquidity and $30B contracted rentals.
- **Tariff Impact**: No airlines asking for tariff relief; Lufthansa, Ryanair, Asian carriers report strong demand despite U.S. tariffs.
- **Lease Extensions**: Recent 50%+ rate increases on COVID-era leases; Q1 2025 extensions supporting 3-4yr ROE expansion.
- **Order Book Delays**: 2027-28 A320/A321neo delays by 1 year; 2025 deliveries expected $3B-$3.5B, $800M Q2.
- **China Exposure**: De minimis; exploring opportunities with Boeing's U.S.-built aircraft for Chinese carriers.

Air Lease (AL)-5 May 25-2025 Q1 Earnings call transcript

- **Record Growth**: Q4 2024 revenue $713M, full-year records set for revenue and fleet value.
- **2025 Outlook**: $3B-$3.5B aircraft deliveries, 80% Boeing; self-funding with $2B debt needs.
- **Lease Rate Surge**: Q4 extensions saw 23 single-aisle aircraft with higher rates than initial terms; 6 wide-body extensions maintained prior rates.
- **ROE Path**: Mid-teens achievable in 2-3 years as $5B low-yield COVID leases roll off.
- **Financial Strength**: $8.1B liquidity, 79% debt fixed-rate; 2025 ROE near '24 levels with long-term lease yield growth.

**【CEO Key Highlights】**
- Q4 2024 revenue reached $713 million, driven by 18 new aircraft purchases ($1.3B) and 14 aircraft sales ($540M). Full-year revenue and fleet net book value set records.
- 2025 aircraft deliveries expected between $3B-$3.5B, with ~80% Boeing. Self-funding through operating cash and sales, reducing debt needs to ~$2B.
- Lease extensions in Q4 saw higher rates than initial terms (e.g., 23 single-aisle aircraft), defying typical post-depreciation declines. 6 Boeing 777-300ER extensions in 2025 maintained or exceeded prior rates.
- 2025 capital priority: reduce debt to target 2.5:1 ratio, enabling future options like buybacks or M&A.

**【CFO Financial Insights】**
- Q4 GAAP net income: $420M; Non-GAAP EPS: $1.08 (vs. expectations). Operating expenses down 5% YoY due to strong cost control.
- Interest expense rose $38M YoY (4.14% composite rate), but 79% of debt fixed-rate. $67M insurance recovery in Q4 '23 boosted margins.
- Liquidity: $8.1B; $30B unencumbered assets; $30B contracted rentals. Debt-to-equity: 2.68x (2.6x net of cash).
- 2025 pretax ROE expected to remain near '24 levels due to elevated interest rates, but lease yield growth to offset over 2-3 years.

**【Q&A Key Takeaways】**
- ROE target of mid-teens achievable in 2-3 years as COVID-era low-yield leases (~$5B net book) roll off. 2025 lease extensions already showing 30%-50% rate improvements.
- 2025 sales pipeline: $1.5B, maintaining balance between fleet growth and shareholder returns.
- Aircraft supply shortage expected to persist through 2026, supporting strong lease rates and asset values. Engine shortages and supply chain constraints limit production increases.
- Stock buybacks on the table once debt target met, but timing and scale dependent on market conditions.

Air Lease (AL)-13 Feb 25-2024 Q4 Earnings call transcript

Air Lease (AL)-7 Nov 24-2024 Q3 Earnings call transcript

Air Lease Corp - Ordinary Shares (AL)-1 Aug 24-2024 Q2 Earnings call transcript

Air Lease Corp - Ordinary Shares (AL)-6 May 24-2024 Q1 Earnings call transcript

Air Lease Corp - Ordinary Shares (AL)-15 Feb 24-2023 Q4 Earnings call transcript

Air Lease (AL)-6 Nov 23-2023 Q3 Earnings call transcript

Air Lease (AL)-3 Aug 23-2023 Q2 Earnings call transcript

Air Lease (AL)-16 Feb 23-2022 Q4 Earnings call transcript

Air Lease (AL)-3 Nov 22-2022 Q3 Earnings call transcript

Air Lease (AL)-5 Aug 22-2022 Q2 Earnings call transcript

Air Lease (AL)-6 May 22-2022 Q1 Earnings call transcript

Air Lease (AL)-18 Feb 22-2021 Q4 Earnings call transcript

Air Lease (AL)-5 Nov 21-2021 Q3 Earnings call transcript

Air Lease (AL)-6 Aug 21-2021 Q2 Earnings call transcript

Air Lease (AL)-7 May 21-2021 Q1 Earnings call transcript

Air Lease (AL)-23 Feb 21-2020 Q4 Earnings call transcript

Air Lease (AL)-9 Nov 20-2020 Q3 Earnings call transcript

Air Lease (AL)-6 Aug 20-2020 Q2 Earnings call transcript

Air Lease (AL)-8 May 20-2020 Q1 Earnings call transcript

Air Lease (AL)-15 Feb 20-2019 Q4 Earnings call transcript

Air Lease (AL)-8 Nov 19-2019 Q3 Earnings call transcript

Air Lease (AL)-8 Aug 19-2019 Q2 Earnings call transcript

Air Lease (AL)-9 May 19-2019 Q1 Earnings call transcript

Air Lease (AL)-21 Feb 19-2018 Q4 Earnings call transcript

Air Lease (AL)-8 Nov 18-2018 Q3 Earnings call transcript

Air Lease (AL)-9 Aug 18-2018 Q2 Earnings call transcript

Air Lease (AL)-10 May 18-2018 Q1 Earnings call transcript

Air Lease (AL)-22 Feb 18-2017 Q4 Earnings call transcript

Air Lease (AL)-9 Nov 17-2017 Q3 Earnings call transcript

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