Air Lease (AL) Tops Q2 EPS by 48c

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Air Lease Corporation Announces Second Quarter 2022 Results

August 4, 2022 4:05 PM EDT

LOS ANGELES--(BUSINESS WIRE)-- Air Lease Corporation (ALC) (NYSE: AL) announces financial results for the three and six months ended June 30, 2022.

We had a good second quarter with higher than expected aircraft deliveries and strong aircraft placements. Aircraft shortages and concerns about future new aircraft delivery delays are causing many airlines to secure lease extensions on existing aircraft, as pandemic recovery is well underway with airlines struggling to meet significant passenger demand, said John L. Plueger, Chief Executive Officer and President.

Passenger traffic growth remains on a very strong recovery trajectory, with... More