Previous Close | 51.41 |
Open | 51.80 |
Bid | 0.00 x 800 |
Ask | 0.00 x 1300 |
Day's Range | 51.34 - 51.99 |
52 Week Range | 33.33 - 52.31 |
Volume | |
Avg. Volume | 1,578,503 |
Market Cap | 5.741B |
Beta (5Y Monthly) | 1.65 |
PE Ratio (TTM) | 10.03 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 0.84 (1.63%) |
Ex-Dividend Date | Mar 14, 2024 |
1y Target Est | N/A |
Despite Increased Revenue, Higher Expenses Impact Profitability
Air Lease shares were down about 6% at $48.61 in after hours trading. Aircraft lessors are benefitting from higher rental revenues as airlines hunt for aircraft amid a shortage of commercial jets due to supply problems, slumping production of Boeing's 737 MAX and Pratt & Whitney GTF engine snags. "These imbalances are very likely to stay with us for at least three to four years in the future," Steven Udvar-Hazy, executive chairman of Air Lease Corp., told analysts.
Air Lease's (AL) first-quarter 2024 revenues are expected to have benefited from continuous growth in its fleet, an increase in sales activity and higher end-of-lease revenues.