Air Lease (AL) Tops Q4 EPS by 43c

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Air Lease Corporation Announces Fourth Quarter & Fiscal Year 2022 Results

February 16, 2023 4:05 PM EST

LOS ANGELES--(BUSINESS WIRE)-- Air Lease Corporation (ALC) (NYSE: AL) announces financial results for the three months and year ended December 31, 2022.

Aircraft demand is bolstering lease rates, accelerating our orderbook placements, and intensifying lease extension requests. Airline industry recovery with constrained balance sheets, drive for environmental sustainability, and lack of available delivery slots from the OEMs continues to favor ALCs business model of providing new aircraft from our orderbook, said John L. Plueger, Chief Executive Officer and President.

High quality commercial aircraft are increasingly in limited supply given strong airline need for... More