Air Lease Corporation Reports First Quarter 2025 Net Profit of $364.8 Million or $3.26 per Diluted Share

Air Lease Corporation has reported a first quarter 2025 net profit of $364.8 million or $3.26 per diluted share on a year-over-year increase in revenue of 11.3 percent to $738.3 million.

Air Lease Corporation Reports First Quarter 2025 Financial Results - Courtesy ALC

On Monday (May 5, 2025), Air Lease Corporation (ALC) reported a first quarter 2025 net profit of $364.8 million or $3.26 per diluted share on an 11.3 percent year-over-year increase in revenue to $738.3 million.  During the first quarter, ALC took delivery of 14 aircraft from their orderbook, representing over $800 million in aircraft investments, and ended the period with 487 aircraft in their fleet and over $32 billion in total assets.  In March 2025, the company recognized a net benefit of $332 million from the settlement of certain insurance claims related to their former Russian fleet.  Subsequently, ALC received an additional $227.6 million in cash insurance settlement proceeds.  During the first quarter, ALC also sold 16 aircraft, receiving $521 million in sales proceeds.   

In Monday’s announcement, ALC’s President and CEO, John L. Plueger, said,

“AL had a strong quarter with fleet expansion, healthy sales gains, significant insurance settlements related to our aircraft in Russia, and achieving our target debt to equity ratio which now allows us to consider all capital allocation opportunities.  To date, we have no aircraft delivering to any country that has announced reciprocal tariffs applicable to aircraft.  We continue to benefit from robust global aircraft demand in both leasing and aircraft trading as significant aircraft supply constraints persist.”

ALC currently has approximately $741 million of aircraft their sales pipeline, which includes approximately $552 million in flight equipment for sale as of March 31, 2025, and $189 million of aircraft subject to letters of intent.  The company has also placed 100 percent and 89 percent of their expected orderbook on long-term leases for aircraft scheduled for delivery through the end of 2026 and 2027, respectively, and 58 percent of their entire orderbook delivering through 2031.  Air Lease Corporation ended the period with $29.2 billion in committed minimum future rental payments, consisting of $18.9 billion in contracted minimum rental payments on aircraft in their exiting fleet, and $10.3 billion in minimum future rental payments related to aircraft delivering between 2025 and 2031. 

At March 31, 2025, the net book value of ALC’s fleet increased to $28.6 billion, up form $28.2 billion at December 31, 2024.  At March 31, 2025, the company owned 487 aircraft in their portfolio, including 352 single-aisle and 135 widebody aircraft, and also managed 57 aircraft.  The weighted average fleet age and weighted average remaining lease term of flight equipment subject to operating lease at the end of the period was 4.7 years and 7.2 years, respectively. 

Based in Los Angeles, California, Air Lease Corporation (NYSE: AL) is a leading global aircraft leasing company.  The ALC team is principally involved in the purchase of commercial aircraft and leasing them to airlines worldwide with customized leasing and financing solutions.  At March 31, 2025, the company had a globally diversified customer base of 112 airlines across 57 countries.

Source: Air Lease Corporation