Air Lease Corporation is a prominent player in the aviation industry, specializing in the leasing and management of commercial aircraft
The company acquires a diverse fleet of new and used aircraft, which it leases to airlines worldwide, providing flexible financing solutions and helping carriers optimize their operations. In addition to its core leasing business, Air Lease Corporation also actively engages in remarketing activities, placing aircraft with new operators at the end of their lease terms. Through its comprehensive services and commitment to customer satisfaction, the company plays a crucial role in supporting the global airline industry's growth and evolving needs.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the vehicle parts distributors industry, including Rush Enterprises (NASDAQRUSHA) and its peers.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how vehicle parts distributors stocks fared in Q3, starting with GATX (NYSEGATX).
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Air Lease (NYSEAL) and the rest of the vehicle parts distributors stocks fared in Q3.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how FTAI Aviation (NASDAQFTAI) and the rest of the vehicle parts distributors stocks fared in Q3.
While the S&P 500 is up 14.2% since May 2024, Air Lease (currently trading at $50.30 per share) has lagged behind, posting a return of 8.1%. This might have investors contemplating their next move.
Aircraft leasing company Air Lease Corporation (NYSEAL) reported Q3 CY2024 results exceeding the market’s revenue expectations, with sales up 4.7% year on year to $690.2 million. Its non-GAAP profit of $1.25 per share was also 57.2% above analysts’ consensus estimates.
Air Lease Corporation delivered 14 new aircraft in Q1 2024, with reduced investments but strong sales, while securing long-term lease agreements for three Boeing 787-9 aircraft with Thai Airways International.
As of April 1, 2024, five stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
