Here's Why Investors Should Retain Air Lease Stock for Now
Air Lease (AL) ZACKS·2024-10-08 00:15
Air Lease Corporation (AL) is bolstered by an upbeat air travel demand scenario. The company’s proactive efforts to expand its fleet are commendable. However, elevated operating expenses and supply-chain disruptions are adversely impacting AL’s bottom line.Factors Favoring ALThe uptick in air travel demand bodes well for Air Lease. In the second quarter of 2024, the airline’s traffic volumes remained robust globally, increasing 9% year over year. Total international traffic surged by a strong 12% year-over- ...