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$46.51Last Dividend
$0.22Annual ROE
8.90%Beta
1.26Events Calendar
Next earnings date:
Feb 13, 2025Recent quarterly earnings:
Nov 07, 2024Recent annual earnings:
Feb 15, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Dec 12, 2024Next split:
N/ARecent split:
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NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA has given a K1 short-term debt rating to Air Lease Corporation's (NYSE: AL) Unsecured Commercial Paper Notes Program, which could reach up to $2 billion. This rating is based on the company's A- issuer rating and Stable Outlook, along with its strong liquidity and funding situation.
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) has announced the launch of its commercial paper program. This program allows the Company to issue short-term, unsecured commercial paper notes without needing to register them, as permitted by Section 4(a)(2) of the Securities Act of 1933. The funds from this program can be borrowed, paid back, and borrowed again.
This Industry Outlook article has featured Wabtec, Air Lease, and Greenbrier.
The Zacks Transportation - Equipment and Leasing sector aims to take advantage of ongoing efforts that favor shareholders. Companies like WAB, AL, and GBX are expected to benefit the most from this.
AL's revenue is positively impacted by consistent growth in its fleet.
Air Lease Corporation (NYSE: AL) will hold a conference call on February 13, 2025, at 4:30 PM Eastern Time to review its financial results for the fourth quarter and the entire year of 2024. Investors can join the call by calling 1 (800) 715-9871 for domestic or 1 (646) 307-1963 for international participants, using the passcode 7572001. Additionally, the call will be streamed live on the Investors section of the Air Lease Corporation website.
All four patients who received NXC-201 showed improvement in their disease markers within 30 days, with two being classified as complete responders and the other two showing no detectable disease in their bone marrow. The company believes that the remaining patients may also be confirmed as complete responders soon. An update on the program will be provided in the first half of 2025, and a conference call to discuss these results is scheduled for December 19 at 11:00 a.m. ET.
Increasing operating costs and a balance sheet burdened with debt are not good signs for AL.
Air Lease Corporation (NYSE: AL) has announced the completion of a new unsecured term loan facility worth $966.5 million, which will mature in December 2027. The funds from this loan will support the working capital requirements of Air Lease Corporation and its subsidiaries, as well as other corporate needs. Sumitomo Mitsui Trust Bank, Limited, New York Branch, and Oversea-Chinese Banking Corporation Limited served as Joint Global Coordinators for this loan.
Air Lease Corporation's shares have increased by 30% since August, thanks to a 4.7% rise in revenue and increased aircraft sales, even with higher operating costs. The net spread is still under pressure because they can't transfer the higher interest rates to current leases, but leases from 2025 after the pandemic are expected to enhance the net spread. Based on its book value, the stock could rise by 6-11%, and the EV/EBITDA valuation suggests a price target of $61.79 for 2025, keeping a buy recommendation.
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