会议主要讨论的核心内容 飞机租赁行业概述 - 飞机租赁公司作为制造商和航空公司之间的中间商,通过银行等金融机构获得融资购买飞机,再出租给航空公司 [1][2][3] - 租赁模式分为经营租赁和融资租赁,经营租赁是租赁公司的主要收入来源 [3][4][5] - 不同航空公司在飞机引进方式上有差异,大型航空公司三种方式较均衡,中小型更倾向于租赁 [6][7] - 全球租赁渗透率呈上升趋势,发达市场如美国租赁占比下降,新兴市场如亚太租赁占比上升 [6][7] 航空租赁公司的盈利模式 - 主要收入来源为租金收入,占营收比重约88% [8][9] - 租金收入受机队规模和市场租金价格影响,租金收益率呈现先下降后回升趋势 [9][10] - 主要成本为飞机折旧和财务费用,财务费用受美联储加息影响较大 [10][11][12] 行业发展环境 - 飞机需求持续增长,下游航空公司对未来出行需求乐观,订单数创新高 [12][13] - 飞机供给受制造商产能恢复缓慢,订单交付周期延长,供需缺口持续扩大 [17][18][19] - 美联储加息周期下行有望缓解航空租赁公司的财务成本压力 [20] 重点标的分析 - 中银航空租赁:机队结构符合市场需求,资产管理能力强,客户覆盖广泛 [24][25][26] - Air Lease:未来交付飞机有保障,业绩稳定性强 [27] - 亚太市场航空租赁公司有估值溢价空间 [27] 问答环节重要的提问和回答 问题1 **提问者未知** 未知提问内容 [无] **回答者未知** 未知回答内容 [无]

Air Lease Corporation (AL) reported lower-than-expected first-quarter 2024 results, wherein both earnings and revenues lagged the Zacks Consensus Estimate. AL’s quarterly earnings per share (excluding 44 cents from non-recurring items) of $1.31 fell short of the Zacks Consensus Estimate of $1.49. Results were hurt by high expenses. Quarterly earnings, however, improved 23.6% on a year-over-year basis. Total revenues of $663.3 million lagged the consensus mark of $682.4 million. However, the top line improve ...

分组1 - 公司在第一季度购买了14架新飞机,总价值约9亿美元,并出售了5架飞机,获得约2.4亿美元的销售收益 [9] - 公司的机队平均机龄为4.7年,剩余租赁期为7年,机队利用率保持在100% [10] - 航空客运量同比增长14%,需求保持强劲 [10] - 公司目前已将2025年之前的全部订单全部出租,整个订单总额的63%已出租 [11] - 由于制造商交付延迟,公司的交付时间可能会延长至2029年 [11] 分组2 - 公司认为制造商供应链挑战短期内难以解决,预计2024年交付量在45-55亿美元之间 [13][14] - 公司销售管线约14亿美元,包括6.7亿美元的待售飞机和7亿美元的意向书飞机,预计第二季度将有5亿美元的飞机销售 [15][16] - 公司的租赁收益和净利润率预计在2024年底前将保持稳定,之后将有所上升 [19][20] - 公司认为当前航空市场供需失衡程度是公司历史上最严重的,这将为公司带来持续的租赁费率和飞机价值上涨 [22][23] 问答环节重要的提问和回答 问题1 **Helane Becker 提问** 是否考虑增加订单规模 [48] **Steven Hazy 回答** 公司目前的210亿美元订单已经很大,未来几年可能会有航空公司和租赁公司需要调整订单,届时公司会考虑增加订单 [50][51] 问题2 **Hillary Cacanando 提问** 公司是否考虑股票回购 [65] **Gregory Willis 回答** 公司希望先将杠杆率降至目标水平,届时会考虑各种资本配置方式,包括股票回购 [66] 问题3 **Ronald Epstein 提问** 是否有可能出现第三家大型飞机制造商 [94] **Steven Hazy 和 John Plueger 回答** 即使有新的制造商,也需要很长时间(至少到2030年以后)才能实现认证和交付,因为需要解决供应链和监管审查等问题 [95][99][100][101]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35121 AIR LEASE CORPORATION (Exact name of registrant as specified in its charter) Delaware 27-1840403 (State or other ju ...

Exhibit 99.1 Air Lease Corporation Announces First Quarter 2024 Results Los Angeles, California, May 6, 2024 — Air Lease Corporation (ALC) (NYSE: AL) announces financial results for the three months ended March 31, 2024. “With aircraft in short supply and values rising, we benefit from continued fleet expansion and sales activity in an industry backdrop that remains positive. We see this environment continuing for the near to medium term future,” said John L. Plueger, Chief Executive Officer and President, ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, May 2: Air Lease Corporation (AL) : This aircraft leasing company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 11% over the last 60 days. Air Lease Corporation has a price-to-earnings ratio (P/E) of 7.52 compared with 14.50 for the industry. The company possesses a Value Score of A. Minerals Technologies Inc. (MTX) : This analog semiconduct ...

Air Lease (AL) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on May 6, 2024, might help the stock move higher if these key numbers are better than expectati ...

能源公司 - Cheniere Energy Partners, L.P.今年的盈利预期在过去60天内增长了17.1%[1] 航空租赁公司 - Air Lease Corporation今年的盈利预期在过去60天内增长了25.8%[2] 矿业公司 - Fortuna Silver Mines Inc.今年的盈利预期在过去60天内增长了66.7%[3] 生物科技公司 - Erasca, Inc.今年的盈利预期在过去60天内增长了18.6%[4] 营销解决方案公司 - Quad/Graphics, Inc.今年的盈利预期在过去60天内增长了29.8%[5]

Cheniere Energy Partners, L.P. - 今年的盈利预期在过去60天内增长了17.1% [1] AB Volvo (publ) - 今年的盈利预期在过去60天内增长了5.5% [2] Air Lease Corporation - 今年的盈利预期在过去60天内增长了25.8% [3]

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being u ...