Air Lease (AL) Q4 Earnings & Revenues Beat Estimates
ALAir Lease (AL) Zacks Investment Research·2024-02-20 21:51

Air Lease Corporation (AL) reported better-than-expected fourth-quarter 2023 results wherein both earnings and revenues surpassed the Zacks Consensus Estimate. AL’s quarterly earnings per share (EPS) of 1.89surpassedtheZacksConsensusEstimateof1.89 surpassed the Zacks Consensus Estimate of 1.1 and improved 56.2% on a year-over-year basis. Upbeat revenues aided the results. Total revenues of 716.6millionoutpacedtheconsensusestimateof716.6 million outpaced the consensus estimate of 683.5 million and surged 19.11% year over year, owing to continuous growth in the company’s fleet and an i ...