NYSE$AL
Air Lease Corporation · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
ALC's third quarter performance reflected continued strength driven by strong aircraft demand and attractive valuations in the aircraft sales market.
Air Lease Corporation announced strong third-quarter results, driven by continued growth in the fleet and increased sales activity. The company took delivery of eight aircraft and sold eight aircraft during the quarter. ALC is optimistic about its sizable aircraft sales pipeline.
- Took delivery of eight aircraft from our orderbook, representing approximately $450 million in aircraft investments, ending the period with approximately $30 billion in total assets.
- Sold eight aircraft during the quarter for approximately $350 million in sales proceeds.
- Placed 100% of our contracted orderbook positions on long-term leases for aircraft delivering through the end of 2025 and have placed 67% of our entire orderbook.
- Ended the quarter with $31.2 billion in committed minimum future rental payments.
Headline financials
Revenue & EPS history
ALC · Revenue · Quarterly
$659M
Revenue by segment
ALC · $561M total across 1 segment · Q4 2022
- Rental of flight equipment$561M—100.0%
Forward guidance
This press release contains forward-looking statements regarding the airline industry, access to capital, the impact of geopolitical events, aircraft delivery delays, and macroeconomic conditions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2023
+1.3%
Avg return
Earnings day
+0.2%
Avg return
5 days after
+1.2%
Avg return
30 days after
62%
39 / 63 earnings
Positive
+15.5%
Q1 2020
Best reaction
-17.2%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | — | — | — | |
| Q4 2025 | +0.1% | +0.2% | -0.1% | |
| Q3 2025 | -0.3% | -0.1% | +0.1% | |
| Q2 2025 | -0.4% | +0.7% | +15.4% | |
| Q1 2025 | +8.1% | +10.0% | +17.0% | |
| Q4 2024 | +6.7% | +10.3% | -0.7% | |
| Q3 2024 | -0.5% | +2.2% | +5.7% | |
| Q2 2024 | -17.2% | -14.6% | -6.8% | |
| Q1 2024 | -7.0% | -4.5% | -8.7% | |
| Q4 2023 | -2.9% | -4.1% | +11.4% | |
| Q3 2023 | -1.2% | +1.4% | +5.7% | |
| Q2 2023 | -0.9% | +0.9% | -1.4% | |
| Q1 2023 | -3.4% | -5.9% | -5.5% | |
| Q4 2022 | -4.2% | -6.2% | -18.5% | |
| Q3 2022 | +1.3% | +2.9% | +12.7% | |
| Q2 2022 | +2.1% | +0.8% | -3.5% | |
| Q1 2022 | -6.6% | -11.7% | -8.8% | |
| Q4 2021 | +2.5% | +2.1% | -4.0% | |
| Q3 2021 | +10.1% | +11.6% | -8.1% | |
| Q2 2021 | +1.0% | +1.0% | -3.6% | |
| Q1 2021 | -9.1% | -7.6% | -3.9% | |
| Q4 2020 | +4.0% | +2.0% | +3.8% | |
| Q3 2020 | +10.6% | +15.4% | +34.5% | |
| Q2 2020 | +5.1% | +10.7% | +13.3% | |
| Q1 2020 | +15.5% | +1.7% | +49.3% | |
| Q4 2019 | -4.0% | -3.4% | -47.5% | |
| Q3 2019 | -1.1% | -1.6% | +1.3% | |
| Q2 2019 | +3.6% | +0.7% | +8.2% | |
| Q1 2019 | +1.5% | +0.5% | +0.5% | |
| Q4 2018 | -0.2% | -0.5% | -14.7% | |
| Q3 2018 | -0.2% | -3.7% | -10.2% | |
| Q2 2018 | +1.7% | +1.8% | -0.4% | |
| Q1 2018 | -0.6% | +0.6% | +1.8% | |
| Q4 2017 | +1.5% | -3.1% | -8.5% | |
| Q3 2017 | +1.3% | -3.2% | +2.8% | |
| Q2 2017 | +8.3% | +8.1% | +3.0% | |
| Q1 2017 | -4.5% | -7.5% | -0.8% | |
| Q4 2016 | -4.7% | -2.6% | -5.6% | |
| Q3 2016 | +4.7% | +4.8% | +16.3% | |
| Q2 2016 | +1.5% | -0.4% | +4.8% | |
| Q1 2016 | +6.3% | — | — | |
| Q4 2015 | +2.5% | — | — | |
| Q3 2015 | +5.1% | — | — | |
| Q2 2015 | +3.4% | — | — | |
| Q1 2015 | +0.1% | — | — | |
| Q4 2014 | -1.3% | — | — | |
| Q3 2014 | +1.1% | — | — | |
| Q2 2014 | +4.9% | — | — | |
| Q1 2014 | +3.6% | — | — | |
| Q4 2013 | +5.2% | — | — | |
| Q3 2013 | +3.4% | — | — | |
| Q2 2013 | -1.5% | — | — | |
| Q1 2013 | +2.0% | — | — | |
| Q4 2012 | +5.9% | — | — | |
| Q3 2012 | +2.8% | — | — | |
| Q2 2012 | -0.6% | — | — | |
| Q1 2012 | -6.2% | — | — | |
| Q1 2011 | -6.2% | — | — | |
| Q4 2011 | +1.8% | — | — | |
| Q3 2011 | +2.6% | — | — | |
| Q3 2010 | +2.6% | — | — | |
| Q2 2010 | +7.1% | — | — | |
| Q2 2011 | +7.1% | — | — | |
| Q4 2010 | +7.1% | — | — | |
| Q1 2010 | — | — | — |
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