financetom
Business
financetom
/
Business
/
Air Lease Corp reports lower revenue as jet delivery delays bite
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Air Lease Corp reports lower revenue as jet delivery delays bite
Feb 13, 2025 1:33 PM

Feb 13 (Reuters) - Air Lease Corp ( AL ) on Thursday

reported lower quarterly revenue as lessors wrestle with delays

in taking deliveries of commercial jets from planemakers Boeing ( BA )

and Airbus despite strong travel demand.

Aircraft lessors are benefitting from high rental revenue as

airlines look for aircraft which are in short supply due to

supply chain problems, along with slumping production of

Boeing's ( BA ) 737 MAX and Pratt & Whitney GTF engine snags.

Delays in deliveries from major aircraft manufacturers are

in some cases getting worse, Air Lease's ( AL ) executive chairman

warned last month.

Its revenue in the fourth quarter fell 3.7% to $712.9

million.

(Reporting By Allison Lampert in Montreal and Nathan Gomes in

Bengaluru; Editing by Anil D'Silva)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Southern Company Insider Sold Shares Worth $2,689,200, According to a Recent SEC Filing
Southern Company Insider Sold Shares Worth $2,689,200, According to a Recent SEC Filing
Oct 10, 2024
11:00 AM EDT, 10/08/2024 (MT Newswires) -- James Y Kerr II, Chairman, President & CEO, GAS, on October 04, 2024, sold 30,000 shares in Southern Company ( SO ) for $2,689,200. Following the Form 4 filing with the SEC, Kerr, has control over a total of 177,329 shares of the company, with 145,088 shares held directly and 32,241 shares controlled...
Why Tonix Pharmaceuticals (TNXP) Stock Is Moving
Why Tonix Pharmaceuticals (TNXP) Stock Is Moving
Oct 10, 2024
Tonix Pharmaceuticals Holding Corp ( TNXP ) shares are trading higher by 1.18% to $0.14 during Tuesday’s session after the company secured a $34 million DOD research collaboration contract with X-Chem. What To Know: Tonix Pharmaceuticals ( TNXP ) announced a research collaboration with X-Chem to accelerate the development of its TNX-4200 oral broad-spectrum antiviral program. The collaboration will leverage X-Chem’s AI...
Why SOBR Safe Stock Is Getting Hammered
Why SOBR Safe Stock Is Getting Hammered
Oct 10, 2024
SOBR Safe Inc ( SOBR ) shares are trading lower by 33.4% to $6.72 during Tuesday’s session after the company announced the pricing of a private placement with institutional investors, expected to raise $8.2 million in gross proceeds. The company plans to issue 2,024,691 units at $4.05 per unit, each consisting of one share of common stock or a pre-funded...
US FAA issues safety alert over Boeing 737 rudder issue
US FAA issues safety alert over Boeing 737 rudder issue
Oct 10, 2024
WASHINGTON (Reuters) -The Federal Aviation Administration on Tuesday said it issued a safety alert to airlines warning of the potential for limited or jammed rudder movement on certain Boeing 737 airplanes. Last week, the National Transportation Safety Board said more than 40 foreign operators of Boeing 737 airplanes may be using MAX or 737 Next Generation planes with rudder components...
Copyright 2023-2026 - www.financetom.com All Rights Reserved