Previous close | 25.39 |
Open | 25.50 |
Bid | 25.37 x 800 |
Ask | 25.45 x 800 |
Day's range | 25.35 - 25.52 |
52-week range | 21.55 - 26.20 |
Volume | |
Avg. volume | 19,992 |
Market cap | 4.297B |
Beta (5Y monthly) | 1.65 |
PE ratio (TTM) | N/A |
EPS (TTM) | -1.33 |
Earnings date | 06 May 2024 |
Forward dividend & yield | 1.54 (6.06%) |
Ex-dividend date | 28 Feb 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.
LOS ANGELES, May 06, 2024--Air Lease Corporation (ALC) (NYSE: AL) announces financial results for the three months ended March 31, 2024.