Air Lease Corporation Reports Fourth Quarter Net Profit of $169.9 Million or $1.51 per Diluted Share

Air Lease Corporation has reported a fourth quarter 2025 net profit of $169.9 million or $1.51 per diluted share on a year-over-year increase in revenue of 15.1 percent to $820.4 million.  The company’s full-year profit was $1.04 billion or $9.29 per diluted share.

Air Lease Corporation Reports Fourth Quarter and Full Year 2025 Financial Results - Courtesy Air Lease Corporation

On Thursday (February 12, 2026), Air Lease Corporation reported their fourth quarter and full year results for the period ending December 31, 2025.  The company reported a fourth quarter 2025 net profit of $169.9 million or $1.51 per diluted share on a year-over-year increase in revenue of 15.1 percent to $820.4 million, a quarterly record.  For the full year, Air Lease reported a net profit was $1.04 billion or $9.29 per diluted share on a 10.3 percent year-over-year increase in revenue to $3.02 billion, also a record.

During the fourth quarter, Air lease took delivery of 10 aircraft from their orderbook, representing $926 million in aircraft investments, and ended the period with 490 aircraft in their owned fleet, and approximately $33 billion in total assets.  The company also sold 23 aircraft during the fourth quarter for a record of $1.0 billion in sales proceeds.  Currently, Air Lease has $1.2 billion of aircraft in their sales pipeline, which includes approximately $529 million in flight equipment held for sale as of December 31, 2025 and approximately $692 million of aircraft subject to letters of intent. 

Air Lease Corporation's Fourth Quarter and Full Year Financial Results - Courtesy Air Lease Corporation

Additionally, 99 percent and 82 percent of the company’s orderbook on long-term leases for aircraft delivering through the end of 2027 and 2028, respectively, and approximately 64 percent of the company’s entire orderbook delivering through 2031 has been placed.  Air Lease Corporation ended the quarter with $28.9 billion in committed minimum future rental payments consisting of $19.6 billion in contracted minimum rental payments on the aircraft in their existing fleet, and $9.3 billion in minimum future rental payments related to aircraft which will be delivered between 2026 through 2031.

Air Lease’s total rental of flight equipment revenue for the fourth quarter increased year-over-year by approximately 6.0 percent to $680 million.  The company’s gain on aircraft sales and trading and other income for the three months ended December 31, 2025 increased by 90 percent year-over-year to $141 million.  For the fourth quarter, Air Lease recorded $132 million in gains from the sale of 23 aircraft, compared to $65 million in gains from the sale of 14 aircraft and $3 million from one sales-type lease during Q4 2024.

For the full year, Air Lease’s total rental of flight equipment revenues increased by 8.0, to $2.7 billion, as compared to 2024. The increase is primarily due to the continued growth of our fleet by net book value and an increase in our portfolio lease yield.  The company’s aircraft sales, trading and other revenues for the year ended December 31, 2025 increased year-over-year by 35 percent, to $331 million.  Air Lease recorded $244 million in gains from the sale of 48 aircraft and $8 million from one sales-type lease, compared to $170 million in gains from the sale of 39 aircraft and $17 million from four sales-type leases for the year ended December 31, 2024.

At December 31, 2025, the net book value of Air Lease’s fleet increased to $29.1 billion, compared to $28.2 billion at year-end 2024.  As of December 31, 2025, the company owned 490 aircraft in our aircraft portfolio, comprised of 352 narrowbody aircraft and 138 widebody aircraft, and we managed 45 aircraft.  The weighted average fleet age and weighted average remaining lease term of flight equipment subject to operating lease as of December 31, 2025 was 4.9 years and 7.2 years, respectively.

Based in Los Angeles, California, Air Lease Corporation (NYSE: AL) is a leading global aircraft leasing company.  The Air Lease team is principally involved in the purchase of commercial aircraft and leasing them to airlines worldwide with customized leasing and financing solutions.  At June 30, 2025, the company had a globally diversified customer base of 102 airlines across 53 countries.

Source: Air Lease Corporation