Previous close | 3.9100 |
Open | 3.9100 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 55.00 |
Expiry date | 2024-05-17 |
Day's range | 3.9100 - 3.9100 |
Contract range | N/A |
Volume | |
Open interest | N/A |
Discover how Air Lease Corp navigated fleet expansions, sales achievements, and financial hurdles in the first quarter of 2024.
Despite Increased Revenue, Higher Expenses Impact Profitability
Air Lease shares were down about 6% at $48.61 in after hours trading. Aircraft lessors are benefitting from higher rental revenues as airlines hunt for aircraft amid a shortage of commercial jets due to supply problems, slumping production of Boeing's 737 MAX and Pratt & Whitney GTF engine snags. "These imbalances are very likely to stay with us for at least three to four years in the future," Steven Udvar-Hazy, executive chairman of Air Lease Corp., told analysts.