NYSE$AL

Air Lease Corporation · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

ALC had a strong fourth quarter and second half of 2021, benefiting from continuing airline industry recovery and fleet expansion.

Air Lease Corporation announced strong Q4 2021 results with a 22.1% increase in revenues compared to Q4 2020. The company finalized agreements with Airbus to purchase 116 aircraft and agreed to purchase 50 737 MAX aircraft from Boeing.

  • Finalized agreements with Airbus to purchase a total of 116 aircraft.
  • Agreed to purchase from Boeing 50 737 MAX aircraft.
  • Issued $3.7 billion of senior unsecured medium-term notes in 2021 and ended the year with total liquidity of $7.9 billion.
  • Took delivery of 15 aircraft from our order book during the fourth quarter, representing $1.2 billion in aircraft investments.

Headline financials

Total Revenue

$597M

Previous: $489M+22.1%
EPS (adj)

$1.75

Previous: $1.30+34.6%
Weighted avg fleet age

4.4

Previous: 4.1+7.3%
Weighted avg lease term

7.2

Previous: 6.9+4.3%
Capital Expenditures

$51.3M

Previous: $18.1M+183.0%
Free Cash Flow

$396M

Previous: $354M+11.8%
Net Income

$152M

Previous: $111M+36.6%
Operating Income

$188M

Previous: $138M+36.7%
Gross Profit

$250M

Previous: $172M+45.1%
Cash & Equivalents

$1.09B

Previous: $1.73B-37.3%
Total Assets

$27B

Previous: $25.2B+7.0%
Stock-Based Comp

$7.72M

Previous: $2.67M+188.8%

Revenue & EPS history

ALC · Revenue · Quarterly

$597M

Q4 2021+22.1%vs Q4 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

ALC · $561M total across 1 segment · Q4 2022

  • Rental of flight equipment
    $561M

Forward guidance

Air Lease Corporation did not provide specific forward guidance in this earnings report.

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 Q4 2021

Historical avgQ4 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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