Air Lease CorpAL
Market Cap: $4.73B
About: Air Lease Corp is an aircraft leasing company based in the United States. However, it derives its revenue from the Asia region. Its business involves purchasing aircraft from renowned manufacturers such as The Boeing Company (Boeing) and Airbus S.A.S and leasing them to airline companies across the world. Its suite of aircraft entails single-aisle narrow-bodied jets and twin-aisle wide-bodied aircraft. The company earns from revenue originates from the renting of flight equipment. Geographically it operates in Asia Pacific, Europe, The Middle East and Africa, Central America, South America and Mexico and U.S. and Canada.
Employees: 163
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
397% more call options, than puts
Call options by funds: $15.6M | Put options by funds: $3.14M
11% more repeat investments, than reductions
Existing positions increased: 131 | Existing positions reduced: 118
2.8% less ownership
Funds ownership: 99.62% [Q1] → 96.82% (-2.8%) [Q2]
3% less funds holding
Funds holding: 357 [Q1] → 345 (-12) [Q2]
10% less capital invested
Capital invested by funds: $5.69B [Q1] → $5.13B (-$560M) [Q2]
21% less funds holding in top 10
Funds holding in top 10: 14 [Q1] → 11 (-3) [Q2]
23% less first-time investments, than exits
New positions opened: 40 | Existing positions closed: 52
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
JP Morgan Jamie Baker 56% 1-year accuracy 5 / 9 met price target | 22%upside $52 | Overweight Maintained | 5 Aug 2024 |
Barclays Mark Devries 76% 1-year accuracy 22 / 29 met price target | 27%upside $54 | Overweight Maintained | 2 Aug 2024 |
Financial journalist opinion
Based on 6 articles about AL published over the past 30 days