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Air Lease Corporation

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Air Lease Corporation • NYSE
$63.93 ▲ 0.13% (+0.08)
Market Cap $7.15 B
52w High $64.30
52w Low $38.25
Dividend Yield 0.88%
P/E 7.42
Volume 1.07M
Outstanding Shares 111.77M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $725.393M ▼ $61.387M ▼ $146.456M ▼ 20.19% ▼ $1.21 ▼ $724.475M ▼
Q2-2025 $731.696M ▼ $62.525M ▼ $385.167M ▲ 52.64% ▲ $3.35 ▲ $804.086M ▲
Q1-2025 $738.282M ▲ $76.964M ▲ $375.832M ▲ 50.906% ▲ $3.27 ▲ $784.682M ▲
Q4-2024 $712.895M ▲ $57.197M ▲ $112.921M ▲ 15.84% ▲ $0.83 ▲ $448.393M ▲
Q3-2024 $690.164M $52.337M $103.971M 15.065% $0.82 $434.735M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $452.215M ▼ $33.386B ▲ $25.045B ▼ $8.341B ▲
Q2-2025 $454.801M ▼ $33.295B ▲ $25.071B ▲ $8.224B ▲
Q1-2025 $456.623M ▼ $32.362B ▲ $24.497B ▼ $7.865B ▲
Q4-2024 $472.554M ▲ $32.278B ▲ $24.745B ▲ $7.533B ▼
Q3-2024 $460.785M $32.154B $24.478B $7.676B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $146.455M ▼ $458.596M ▼ $-434.105M ▲ $-27.736M ▼ $-3.245M ▼ $-52.364M ▲
Q2-2025 $385.168M ▲ $473.611M ▲ $-870.168M ▼ $394.946M ▲ $-1.611M ▲ $-748.052M ▼
Q1-2025 $375.832M ▲ $388.346M ▼ $-102.2M ▲ $-301.637M ▼ $-15.491M ▼ $-450.024M ▲
Q4-2024 $112.921M ▲ $429.964M ▼ $-358.135M ▲ $-61.075M ▼ $10.754M ▲ $-568.837M ▲
Q3-2024 $103.971M $461.912M $-1.271B $819.157M $9.694M $-1.263B

Five-Year Company Overview

Income Statement

Income Statement Over the past five years, Air Lease has grown its revenue at a steady, moderate pace, showing that demand for its aircraft leasing services has held up well through changing market conditions. Profitability, however, has been uneven. Core earnings have generally been positive, but there was a loss in one year and a spike in operating profit in another that likely reflects one‑off factors rather than a new, higher baseline. In simple terms, the top line is gradually expanding, but the bottom line has been bumpy, reflecting the capital‑intensive, cyclical nature of aviation and exposure to items like impairments, interest costs, and occasional unusual charges or gains.

Balance Sheet

Balance Sheet The balance sheet shows a very large and growing asset base, mainly aircraft, funded primarily with substantial debt and a smaller, but also growing, equity cushion. This is typical for an aircraft lessor: it borrows heavily to buy planes and earns a spread over time. Equity has been building over the years, which supports resilience, but leverage remains structurally high, so the company is sensitive to credit markets and interest rates. Cash on hand has trended down from earlier years, but the overall scale and diversification of the fleet and funding sources help offset this, as long as capital markets remain accessible.

Cash Flow

Cash Flow Air Lease consistently generates solid cash flow from operations, indicating that its leases are producing reliable cash inflows from airlines. At the same time, free cash flow is deeply negative year after year because the company keeps investing heavily in new aircraft. This is deliberate: the business model depends on constant fleet growth and renewal. The trade‑off is that the company must regularly tap external financing to fund its order book. Strong operating cash helps support this, but the model carries ongoing refinancing and interest‑rate risk.

Competitive Edge

Competitive Edge The company occupies a strong position in aircraft leasing, built around a young, fuel‑efficient fleet, long‑standing relationships with Airbus and Boeing, and a broad global customer base. Its ability to place large aircraft orders early and secure attractive delivery slots gives it an edge, especially when modern planes are in short supply. Long‑term leases provide good revenue visibility, and management has deep sector experience. On the other hand, the business operates in a competitive field with other large lessors, is tied to the health of airlines and air travel demand, and is exposed to residual value risk on its aircraft and to shifts in financing conditions. The planned acquisition by a larger consortium could further strengthen its funding base but also bring strategic changes.

Innovation and R&D

Innovation and R&D Air Lease is not a traditional research‑heavy or technology‑inventing company; instead, its innovation is mostly strategic and financial. The firm focuses on assembling and managing one of the youngest fleets in the industry, emphasizing next‑generation, fuel‑efficient aircraft that airlines increasingly prefer for cost and environmental reasons. It differentiates itself through sophisticated fleet planning support, customized lease structures, and active portfolio management, including aircraft sales and remarketing. Its forward‑looking focus on aircraft compatible with sustainable aviation fuels and its expansion into emerging markets represent more business model and product mix innovation than laboratory‑style R&D, but they are central to its long‑term edge.

Summary

Overall, Air Lease shows a pattern of steady revenue growth, solid operating cash generation, and active fleet expansion, balanced by high leverage, ongoing capital needs, and earnings volatility. Its core strengths lie in a modern fleet, strong manufacturer relationships, and long‑term leases that provide visibility and resilience across cycles. Key risks center on dependence on credit markets, interest rates, airline health, and aircraft residual values. The company’s strategy is clearly geared toward long‑term, global growth in air travel and the shift to more efficient aircraft, with innovation expressed through fleet strategy, financing sophistication, and customer solutions rather than traditional R&D. Understanding this balance of structural strengths and financial intensity is critical when assessing the business over a full aviation cycle.

NEWS

November 20, 2025 · 12:42 PM UTC

Air Lease Corp Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Air Lease Corporation - AL

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November 3, 2025 · 4:05 PM UTC

Air Lease Announces Third Quarter 2025 Results

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October 28, 2025 · 1:21 PM UTC

Air Lease Announces Lease Placement of One New Airbus A321-200neo Aircraft with Sun PhuQuoc Airways

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October 21, 2025 · 10:29 AM UTC

AL Alert: Monsey Firm of Wohl & Fruchter Renews Investigation Into the Proposed Sale of Air Lease Corporation to Institutional Investors

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October 14, 2025 · 7:24 PM UTC

Air Lease Announces Lease Placement of Six New Airbus Aircraft with Magnifica Air

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