Overview

* Air Lease ( AL ) Q3 revenue rises 5.1% yr/yr but misses analyst expectations

* Adjusted EPS for Q3 beats analyst estimates, reflecting operational efficiency

* Company announces merger with Sumisho Air Lease, closing expected in H1 2026

Outlook

* Company has placed 100% of its orderbook on leases through 2026

* Company expects merger with Sumisho Air Lease to close in H1 2026

* Company has $1.6 bln in aircraft sales pipeline

Result Drivers

* FLEET GROWTH - Revenue increase driven by fleet expansion and higher portfolio lease yield

* INSURANCE SETTLEMENT - $60 mln net benefit from Russian fleet insurance claims settlement

* DECREASED SALES ACTIVITY - Lower sales activity led to a decrease in gain on aircraft sales and trading

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $725.40 $743.01

REVENUE mln mln (5

Analysts

)

Q3 Beat $1.29 $1.14 (4

Adjusted Analysts

EPS )

Q3 EPS $1.21

Q3 Net $135.40

Income mln

Q3 $0.22

Dividend

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the corporate financial services peer group is "buy."

* Wall Street's median 12-month price target for Air Lease Corp ( AL ) is $65.00, about 1.8% above its October 31 closing price of $63.86

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)