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Last $31.35 USD
Change Today 0.00 / 0.00%
Volume 408.4K
AL On Other Exchanges
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Exchange
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Frankfurt
As of 8:04 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

air lease corp (AL) Key Developments

Air Lease Corporation Announces Un-Audited Consolidated Earnings and Operating Results for the Second Quarter and Earnings Results for Six Months Ended June 30, 2015

Air Lease Corporation announced un-audited consolidated earnings and operating results for the second quarter and earnings results for six months ended June 30, 2015. For the quarter, the company reported total revenues of $305 million compared to $256 million in 2014. That represents an increase of 18.9%. Income before taxes increased to $118.2 million from $96.7 million in second quarter of 2014, representing a growth in earnings of 23.5%. Additionally, diluted EPS Class A and B common stock grew to $0.70 per share compared to $0.58 a share in the second quarter of 2014, which is an increase of 20.7%. The company reported income before taxes of $118.2 million compared to $95.7 million, net income of $76.1 million compared to $62.0 million, adjusted income before taxes of $118.2 million compared to $95.7 million and adjusted net income of $76.1 million or $0.70 per diluted share compared to $62.0 million or $0.58 per diluted share in last year. For the six months, the company reported total revenues of $583.0 million compared to $502.6 million, income before taxes of $148.1 million compared to $190.4 million, net income of $95.5 million or $0.89 per diluted class A and B common stock compared to $123.4 million or $1.15 per diluted Class A and B common stock, adjusted income before taxes of $220.1 million compared to $190.4 million, adjusted net income of $141.8 million or $1.31 per diluted share compared to $123.4 million or $1.15 per diluted share, net cash provided by operating activities of $402.1 million compared to $377.5 million, acquisition of flight equipment under operating lease of $1,336.98 million compared to $728.7 million and payments for deposits on flight equipment purchases of $362.6 million compared to $315.6 million in last year. For the quarter, passenger traffic growth worldwide remains strong, with an increase of 6.3% with global system wide load factors averaging 79.4%.

Air Lease Corporation Declares Quarterly Cash Dividend, Payable on October 6, 2015

Air Lease Corporation board of directors declared a quarterly cash dividend of $0.04 per share on its outstanding common stock. The dividend will be paid on October 6, 2015 to holders of record of common stock as of September 10, 2015.

Air Lease Corporation Announces Long Term Lease Agreement with Air Vanuatu for New Boeing 737-800

Air Lease Corporation announced a long term lease agreement with Air Vanuatu, an international airline based in Port Vila, Vanuatu, for one new Boeing 737-800. The aircraft is from ALC's order book with Boeing and will deliver in January 2016. Air Vanuatu looks forward to the introduction of the brand new Boeing 737-800 with the enhanced SKY interior and the latest technology and customer features, in January 2016, on long term lease contract from Air Lease Corporation.

Air Lease Corporation Announces the Placement of One New Boeing 737-800 with Air Vanuatu

Air Lease Corporation announced a long term lease agreement with Air Vanuatu, an international airline based in Port Vila, Vanuatu, for one new Boeing 737-800. The aircraft is from ALC's order book with Boeing and will deliver in January 2016. ALC is announced this strategic new 737-800 lease placement with Air Vanuatu, a new customer for ALC in the South Pacific region. Air Vanuatu looks forward to the introduction of the brand new Boeing 737-800 with the enhanced SKY interior and the latest technology and customer features, in January 2016, on long term lease contract from Air Lease Corporation.

Air Lease Corporation Announces the Placement of One Additional New Airbus A330-200 with Hawaiian Airlines

Air Lease Corporation announced another long term lease agreement with Hawaiian Airlines for one additional new Airbus A330-200. This aircraft is from ALC's order book with Airbus and will deliver in the second quarter of 2016.

 

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AL Competitors

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Industry Analysis

AL

Industry Average

Valuation AL Industry Range
Price/Earnings 15.2x
Price/Sales 2.8x
Price/Book 1.1x
Price/Cash Flow 14.1x
TEV/Sales NM Not Meaningful
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