Air Lease (AL) Tops Q2 EPS by 65c
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Air Lease Corporation Announces Second Quarter 2020 Results
August 6, 2020 4:05 PM EDTLOS ANGELES--(BUSINESS WIRE)-- Air Lease Corporation (ALC) (NYSE: AL) announces financial results for the three and six months ended June 30, 2020.
Our second quarter results, including revenue, EPS, collection rate, and aircraft utilization, were healthy in the face of an extremely tough environment for global airlines due to the COVID-19 pandemic. Financial stress is driving airlines to leasing and right-sizing their fleets by eliminating older, less efficient aircraft and accelerating environmental sustainability goals with young, technologically advanced aircraft, which is the profile of ALCs orderbook, fleet, and business model, said John L. Plueger,... More
