Air Lease Stock (NYSE:AL), Trade Ideas

Air Lease

Air Lease Corp is an aircraft leasing company based in the United States. However, it derives its revenue from the Asia region. Its business involves purchasing aircraft from renowned manufacturers such as The Boeing Company (Boeing) and Airbus S.A.S and leasing them to airline companies across the world. Its suite of aircraft entails single-aisle narrow-bodied jets and twin-aisle wide-bodied aircraft. The company earns from revenue originates from the renting of flight equipment. Geographically it operates in Asia Pacific, Europe, The Middle East and Africa, Central America, South America and Mexico and U.S. and Canada.

Earnings

News

Markets

Trading Ideas

Westinghouse Air Brake Technologies (NYSE: WAB) came out with quarterly earnings of $1.89 per share, beating the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.28 per share a year ago. These figures are adjusted for non-recurring items.

Westinghouse Air Brake Technologies Beats Q1 Earnings and Revenue Estimates

AL, Air Lease

Equities

General

AVUV

European Aeronautic Defence And Space Unsponsored

EADSY

PSCI

Air Lease Corporation delivered 14 new aircraft in Q1 2024, with reduced investments but strong sales, while securing long-term lease agreements for three Boeing 787-9 aircraft with Thai Airways International.

Air Lease Delivers 14 New Aircraft In Q1, Investments Fall

Penny Stocks

Short Ideas

Small Cap

Pre-Market Outlook

NKLA

As of April 1, 2024, five stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Top 5 Industrials Stocks That May Fall Off A Cliff This Quarter

Air Lease Corporation Class A Common Stock

Air Lease Corp

Astera Labs Inc

AURORA LABS LTD by Aurora Labs Ltd.

The Alger ETF Trust Alger AI Enablers & Adopters ETF

Alarum Technologies Ltd. - American Depositary Shares

Alarum Technologies Ltd

ALLIANCE AVIATION SERVICE by ALLIANCE AVIATION SERVICES LTD.

Alliance Aviation Services Ltd

Albemarle Corp

ALBA MINERALS RESOCES PLC by Alba Minerals Resources PLC.

Alba Mineral Resources PLC

ALIBABA HEALTH UNSP/ADR by Alibaba Health Information Technology Ltd

Alibaba Health Information Technology Ltd

Albemarle Corp PRF PERPETUAL USD 1000 - Ser A 1/20th Pref St

ALIBABA HEALTH INFO TECH by Alibaba Health Information Technology Ltd

ALPHA SVCS & HLDGS S A by Alpha Services and Holdings SA

Alpha Services and Holdings SA

ALPHA SVCS & HLDGS S/ADR by Alpha Services and Holdings SA

ALBERT LABS INTL CORP by ALBERT LABS INTL CORP.

Albert Labs International Corp

Avalon Globocare Corp

AllianceBlock

COMMUTY CAP BNCSHS INC by Community Capital Bancshares, Inc.

Community Capital Bancshares Inc

Albemarle Corporation Depositary Shares each representing a 1/20th of 7.25% Series A Mandatory Convertible Preferred Stock

Alcon Inc

AltC Acquisition Corp. Class A Common Stock

AltC Acquisition Corp

Alternus Clean Energy, Inc. - Class A Common Stock

Alternus Clean Energy Inc

ALLIANCE INTL EDCATN LSNG by ALLIANCE INTL EDUCATION LEASING HLDGS LTD.

Alliance International Education Leasing Holdings Ltd

ATLANTIC CNTRL ENTRPR LTD by Atlantic Central Enterprise Ltd.

Atlantic Central Enterprises Ltd

Alico Inc

ALCHIP TECHNOLOGS LTD TWD by ALCHIP TECHNOLOGIES LIMITED

Alchip Technologies Ltd

Alpha Copper Corp Ordinary Shares

Alpha Copper Corp

Alchemix

Alchemy Investments Acquisition Corp 1 - Class A Ordinary Shares

Alchemy Investments Acquisition Corp 1

Alchemy Investments Acquisition Corp 1 - Units

Alchemy Investments Acquisition Corp 1 - Warrants

Atlantica Inc

ALADDIN HEALTHCARE TECH by Aladdin Healthcare Technologies SE

Aladdin Healthcare Technologies

ALDERAN RES LTD by Alderan Resources Ltd.

Alderan Resources Ltd

APPLIFE DIGITAL SOLUTIONS by AppLife Digital Solutions, Inc.

APPlife Digital Solutions Inc

Kiplin Metals Inc

Aldeyra Therapeutics, Inc. - Common Stock

Aldeyra Therapeutics Inc

ALLETE Inc

ALEAFIA HEALTH INC ORD by Aleafia Health Inc.

Aleafia Health Inc

Alector Inc

ALLIED GROUP LTD UNSP/ADR by Allied Group Ltd.

Allied Group Ltd

Alerio Gold Corp

Aleph Group, Inc

Allegro.EU SA

Aleph.im

Alexander & Baldwin, Inc. Common Stock REIT Holding Company

Alexander & Baldwin Inc

Astral Foods Ltd

ALFA S.A.B DE CV ORD A SH by Alfa S.A.B de C.V

Alfa SAB de CV

ALFI Inc

APOLLO FUTURE MBILITY GRP by APOLLO FUTURE MOBILITY GROUP LTD.

Apollo Future Mobility Group Ltd

Alfen NV

ALFRESA HLDGS CORP ADR by Alfresa Holdings Corp.

Alfresa Holdings Corp

Alfa Laval AB

Alamo Group Inc

ALLIGATOR ENERGY LTD by ALLIGATOR ENERGY LTD.

Alligator Energy Ltd

Alta Global Group Limited

ALLIANCE GLOBAL GROUP INC by Alliance Global Group, Inc.

Alliance Global Group Inc

ALLIANCE GLBL GP UNSP/ADR by Alliance Global Group, Inc.

Alma Gold Inc

Allegro MicroSystems, Inc. - Common Stock

Allegro Microsystems Inc

Align Technology Inc

Algorand - United States Dollar

Algorand - TrueUSD

Aligos Therapeutics Inc

Allegiant Travel Co

ALLIANCE GROWERS CORP ORD by Alliance Growers Corp

Alliance Growers Corp

Alignment Healthcare, Inc. - Common Stock

Alignment Healthcare Inc

Alco Holdings Ltd

Alpha HPA Ltd

Alethea Artificial Liquid Intelligence Token

ALICE - United States Dollar

Allied Corp

ARTIFICIAL LIFE INC by Artificial Life, Inc.

Artificial Life Inc

Alimera Sciences Inc

Alight Inc

ALLIANCE TRUST CO LTD ORD by Alliance Trust Co., Ltd.

Autoliv Inc Shs Swedish Depository Receipt

Autoliv Inc

Allianz SE

ALJ Regional Holdings Inc

Alaska Air Group Inc

Alkaid Acquisition Corp

ALKANE RES LTD ORD by Alkane Resources Ltd.

Alkane Resources Ltd

Alkaline Fuel Cell Power Corp

ALASKA HYDRO CORP ORD by Alaska Hydro Corp.

Alaska Hydro Corp

ALKAME HOLDINGS INC by Alkame Holdings, Inc.

Alkame Holdings Inc

Alkane Inc

Alkermes PLC

ALKERMES PLC ORD

Alkami Technology Inc

Allstate Corp

ALL BEST ICO

ALD SA

Allegion PLC

Westinghouse Air Brake Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wab#NYSE">WAB</a>) came out with quarterly earnings of $1.89 per share, beating the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.28 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 26.85%. A quarter ago, it was expected that this maker of parts for locomotives, subways and buses would post earnings of $1.57 per share when it actually produced earnings of $1.54, delivering a surprise of -1.91%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Wabtec, which belongs to the Zacks Transportation - Equipment and Leasing industry, posted revenues of $2.5 billion for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 6.24%. This compares to year-ago revenues of $2.19 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Wabtec shares have added about 17% since the beginning of the year versus the S&amp;P 500&#39;s gain of 6.3%.
What&#39;s Next for Wabtec?
While Wabtec has outperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Wabtec: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.67 on $2.55 billion in revenues for the coming quarter and $6.73 on $10.14 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Equipment and Leasing is currently in the top 14% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Air Lease (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/al#NYSE">AL</a>), is yet to report results for the quarter ended March 2024. The results are expected to be released on May 6.
This company that leases planes to airlines is expected to post quarterly earnings of $1.48 per share in its upcoming report, which represents a year-over-year change of +39.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Air Lease&#39;s revenues are expected to be $680.92 million, up 7% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2260827/westinghouse-air-brake-technologies-wab-beats-q1-earnings-and-revenue-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2260827">To read this article on Zacks.com click here.</a>

Barclays analyst Mark Devries maintains Air Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AL#NYSE">AL</a>) with a Overweight and raises the price target from $48 to $55.

Price Target

Analyst Ratings

Barclays Maintains Overweight on Air Lease, Raises Price Target to $55

Air Lease Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AL#NYSE">AL</a>) on Tuesday said it delivered 14 new aircraft in the first quarter of 2024,&nbsp;<a target="_blank" href="https://airleasecorp.com/press/air-lease-corporation-activity-update-for-the-first-quarter-of-2023" rel="noreferrer noopener">lower&nbsp;</a>than 22 aircraft&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38156781/air-lease-corporation-activity-update-for-the-first-quarter-of-2024" rel="noreferrer noopener">in the year-ago period.</a>
As of March 31, 2024, the company&#8217;s fleet was comprised of 472 owned aircraft and 73 managed aircraft, with 320 new aircraft on order from Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) and&nbsp;Airbus SE&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>) set to deliver through 2028.
The company sold five aircraft to third-party buyers in the period under review, higher than just two aircraft a year ago.
Aircraft investments in the quarter totaled approximately $900 million, with the majority occurring in the second half of the quarter. This is significantly lower than $1.4 billion in the year-ago period.
Aircraft sales proceeds for the quarter totaled approximately $240 million for the quarter under review.
Among others, Air Lease issued $500 million of 5.10% senior unsecured medium-term notes due 2029.
In February, the company disclosed long-term lease agreements for three new Boeing Company&#8217;s 787-9 aircraft with Thai Airways International.&nbsp;
These three Dreamliner aircraft are confirmed to be delivered to the Thai carrier in 2025 from&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/02/37332589/air-lease-secures-long-term-deal-with-thai-airways-for-three-boeing-787-9s" rel="noreferrer noopener">the order book with Boeing</a>.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, AL stock has gained over 28% in the past year. Investors can gain exposure to the stock via&nbsp;Invesco S&amp;P SmallCap Industrials ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSCI#NASDAQ">PSCI</a>) and Avantis U.S. Small Cap Value ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVUV#NYSE">AVUV</a>).
Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38156975/blackstone-nears-privatization-of-loccitane-ending-skin-care-giants-14-year-hong-kong-stock-exch" rel="noreferrer noopener">Blackstone Nears Privatization Of L&#8217;Occitane &#8211; Ending Skin-Care Giant&#8217;s 14-Year Hong Kong Stock Exchange Run: Report</a>
Price Action:&nbsp;AL shares closed lower by 0.28% to $50.40 on Monday.

Air Lease Q1 Aircraft Sales Proceeds Totaled $240M

Air Lease Q1 Aircraft Investments Totaled $900M

Air Lease Says 320 New Aircraft On Order From Boeing And Airbus set To Deliver Through 2028

Air Lease Says As Of March 31, Its Fleet Comprised Of  472 Owned Aircraft And 73 Managed Aircraft

As of April 1, 2024, five stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>Nikola Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nkla#NASDAQ">NKLA</a>)</h3>
<ul>
<li>On March 27, Nikola said that a unit of the company collaborated with players, including trucker rest stop Blackjacks Roadhouse, to unveil the first commercial hydrogen fueling station in Alberta, Canada. The company&rsquo;s stock gained around 58% over the past five days and has a <a href="https://www.benzinga.com/quote/NKLA">52-week high of $3.71 </a>.</li>
<li>RSI Value: 77.54</li>
<li>NKLA Price Action: Shares of Nikola gained 14.4% to close at $1.04 on Thursday.</li>
</ul>
<h3>Graham Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ghm#NYSE">GHM</a>)</h3>
<ul>
<li>On Feb. 5, Graham posted better-than-expected quarterly results. The company&rsquo;s stock gained around 15% over the past month and <a href="https://www.benzinga.com/quote/GHM"> has a 52-week high </a> of $27.60.</li>
<li>RSI Value: 78.52</li>
<li>GHM Price Action: Shares of Graham gained 1.3% to close at $27.28 on Thursday.</li>
</ul>
<h3>BrightView Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bv#NYSE">BV</a>)</h3>
<ul>
<li>On Jan. 31, BrightView posted downbeat quarterly results. The company&rsquo;s stock gained around 37% over the past month and has a <a href="https://www.benzinga.com/quote/BV"> 52-week high </a> of $11.92.</li>
<li>RSI Value: 83.40</li>
<li>BV Price Action: Shares of BrightView Holdings gained 4.4% to close at $11.90 on Thursday.</li>
</ul>
<h3>Thermon Group Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/thr#NYSE">THR</a>)</h3>
<ul>
<li>On March 15, Thermon Group authorized repurchase of up to $50 million of company&#39;s outstanding shares of common stock through March 15, 2027. The company&rsquo;s stock jumped around 20% over the past month and has a 52-week high is $34.07.</li>
<li>RSI Value: 70.57</li>
<li>THR Price Action: Shares of Thermon Group gained 2.7% to close at $32.72 on Thursday.</li>
</ul>
<h3>Air Lease Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/al#NYSE">AL</a>)</h3>
<ul>
<li>On March 28, Air Lease announced the closing of offering of &euro;600 million of senior unsecured medium-term notes. The company&rsquo;s stock jumped around 28% over the past month and <a href="https://www.benzinga.com/quote/AL"> has a 52-week high </a> of $51.77.</li>
<li>RSI Value: 84.53</li>
<li>AL Price Action: Shares of Air Lease climbed 1.3% to close at $51.44 on Thursday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37980980/5m-bet-on-snowflake-check-out-these-4-stocks-insiders-are-buying"> $5M Bet On Snowflake? Check Out These 4 Stocks Insiders Are Buying </a>

Offerings

Air Lease Announced The Closing Of Its Previously Announced Offering Of €600M Aggregate Principal Amount Of 3.70% Senior Unsecured Medium-term Notes Due April 15, 2030

Air Lease Prices Offering Of €600M 3.70% Senior Unsecured Medium-Term Notes Due April 15, 2030

Air Lease Corporation Announces Lease Placement Of Two New Airbus A321neo Aircraft with Transavia

Air Lease's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AL#NYSE">AL</a>) short percent of float has fallen 18.23% since its last report. The company recently reported that it has 1.63 million shares sold short, which is 1.57% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.52 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Air Lease Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710944116_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Air Lease has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Air Lease's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Air Lease's peer group average for short interest as a percentage of float is 3.92%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

(AL) - Analyzing Air Lease's Short Interest

Investors with a lot of money to spend have taken a bearish stance on Air Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AL#NYSE">AL</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with AL, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for Air Lease.
This isn't normal.
The overall sentiment of these big-money traders is split between 22% bullish and 77%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $48,853, and 8, calls, for a total amount of $780,100.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $40.0 and $45.0 for Air Lease, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Air Lease's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Air Lease's whale activity within a strike price range from $40.0 to $45.0 in the last 30 days. 
<h3>Air Lease Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710355540_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$40.00</td>
<td>$238.7K</td>
<td style="text-align: right;">213</td>
<td>500</td>
</tr>
<tr>
<td>AL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>04/19/24</td>
<td>$45.00</td>
<td>$122.2K</td>
<td style="text-align: right;">614</td>
<td>990</td>
</tr>
<tr>
<td>AL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$40.00</td>
<td>$111.3K</td>
<td style="text-align: right;">213</td>
<td>159</td>
</tr>
<tr>
<td>AL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$45.00</td>
<td>$107.7K</td>
<td style="text-align: right;">614</td>
<td>1.6K</td>
</tr>
<tr>
<td>AL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$45.00</td>
<td>$100.2K</td>
<td style="text-align: right;">614</td>
<td>501</td>
</tr>
</tbody>
</table>

<h3>About Air Lease</h3>
Air Lease Corp is an aircraft leasing company based in the United States. However, it derives its revenue from the Asia region. Its business involves purchasing aircraft from renowned manufacturers such as The Boeing Company (Boeing) and Airbus S.A.S and leasing them to airline companies across the world. Its suite of aircraft entails single-aisle narrow-bodied jets and twin-aisle wide-bodied aircraft. The company earns from revenue originates from the renting of flight equipment. Geographically it operates in Asia Pacific, Europe, The Middle East and Africa, Central America, South America and Mexico and U.S. and Canada.
Having examined the options trading patterns of Air Lease, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Air Lease's Current Market Status</h3>
<ul>
<li>With a trading volume of 1,221,655, the price of AL is down by 0.0%, reaching $45.57.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 47 days from now.</li>
</ul>
<h3>What The Experts Say On Air Lease</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $55.0.
<ul>
<li>An analyst from BMO Capital persists with their Outperform rating on Air Lease, maintaining a target price of $55. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Air Lease, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Air Lease Options Trading: A Deep Dive into Market Sentiment

The Nasdaq 100 closed higher by over 1.5% on Thursday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company&rsquo;s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Air Lease </h3>
<ul>
<li>The Trade: Air Lease Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/al#NYSE">AL</a>) EVP Alex A Khatibi <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 11,198 shares </a> at an average price of $43.11. The insider received around $482,740 from selling those shares.</li>
<li>What&rsquo;s Happening: On Feb. 27, Air Lease secured a long-term deal with Thai Airways for three Boeing 787-9s.</li>
<li>What Air Lease Does: Air Lease Corp is an aircraft leasing company based in the United States.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Murphy Oil</h3>
<ul>
<li>The Trade: Murphy Oil Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mur#NYSE">MUR</a>) Vice President John B Gardner <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 40,000 shares </a> at an average price of $40.82. The insider received around 1.63 million from selling those shares.</li>
<li>What&rsquo;s Happening: On Feb. 7, Murphy Oil appointed Eric M. Hambly to the role of President and COO.</li>
<li>What Murphy Oil Does: Murphy Oil is an oil and gas exploration and production company, with both onshore and offshore operations and properties. It operates in two geographic reportable segments the United States and Canada.</li>
</ul>
<h3>Robinhood Markets </h3>
<ul>
<li>The Trade: Robinhood Markets, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hood#NASDAQ">HOOD</a>) Chief Legal Officer Daniel Martin Gallagher Jr <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 12,500 shares </a> at an average price of $15.90. The insider received around $198,795 from selling those shares.</li>
<li>What&rsquo;s Happening: On Feb. 13, Robinhood reported better-than-expected fourth-quarter financial results.</li>
<li>What Robinhood Does: Robinhood Markets Inc is creating a modern financial services platform. It designs its own products and services and delivers them through a single, app-based cloud platform supported by proprietary technology.</li>
</ul>
<h3>Cisco Systems </h3>
<ul>
<li>The Trade: Cisco Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/csco#NASDAQ">CSCO</a>) EVP and Chief Legal Officer Deborah L Stahlkopf <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 9,100 shares </a> at an average price of $48.86. The insider received around $444,636 from selling those shares.</li>
<li>What&rsquo;s Happening: BBVA and Cisco have deepened their strategic alliance to accelerate digital transformation and foster innovation.</li>
<li>What Cisco Does: Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/24/03/37554783/aersale-posts-downbeat-results-joins-costco-mongodb-and-other-big-stocks-moving-lower-in-fridays-pre"> AerSale Posts Downbeat Results, Joins Costco, MongoDB And Other Big Stocks Moving Lower In Friday&#39;s Pre-Market Session </a>

Insider Trades

CSCO

HOOD

Cisco, Robinhood And 2 Other Stocks Insiders Are Selling

Air Lease's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AL#NYSE">AL</a>) short percent of float has fallen 18.23% since its last report. The company recently reported that it has 1.63 million shares sold short, which is 1.57% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.52 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Air Lease Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1709134220_0_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Air Lease has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Air Lease's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Air Lease's peer group average for short interest as a percentage of float is 4.50%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Air Lease Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AL#NYSE">AL</a>) disclosed long-term lease agreements for three new&nbsp;Boeing Company&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) 787-9 aircraft&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/b37322380/air-lease-corporation-announces-lease-placement-of-three-new-boeing-787-aircraft-with-thai-airways" rel="noreferrer noopener">with Thai Airways International.&nbsp;</a>
These three Dreamliner aircraft are confirmed to be delivered to the Thai carrier in 2025 from the order book with Boeing.
&#8220;We are pleased to announce this transaction for three new Boeing 787-9 aircraft with new customer, Thai Airways International,&#8221; said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation.
These Boeing 787-9s will be utilized on flights to Europe, Australia and Intra-Asia to strengthen Thai Airways&#8217; global network.
&#8220;The incorporation of these aircraft underscores our dedication to fleet modernization and delivering exceptional comfort and efficiency to our passengers,&#8221; said Chai Eamsiri, CEO of Thai Airways International.
During the fourth quarter, Air Lease took delivery of 22 aircraft, representing approximately $1.2 billion in aircraft investments, ending the period with 463 aircraft in our owned fleet and&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/b37167893/air-lease-corporation-announces-fourth-quarter-fiscal-year-2023-results" rel="noreferrer noopener">over $30 billion in total assets.</a>
Price Action: AL shares closed lower by 0.53% to $39.76 on Monday.
Photo via Wikimedia Commons

Contracts

Air Lease Secures Long-Term Deal With Thai Airways For Three Boeing 787-9s

Today Air Lease Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AL#NYSE">AL</a>) announced long-term lease agreements for three new Boeing 787-9 aircraft with Thai Airways International. These three Dreamliner aircraft are confirmed to deliver to the Thai carrier in 2025 from ALC's order book with Boeing.
"We are pleased to announce this transaction for three new Boeing 787-9 aircraft with new customer, Thai Airways International," said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. "ALC is honored to add these three Dreamliner aircraft to Thai Airways' growing widebody fleet and we look forward to a long-term relationship with the airline."
"These new state-of-the-art Boeing 787-9s will be utilized on flights to Europe, Australia and Intra-Asia to strengthen Thai Airways' global network," added Chi Yan, Senior Vice President of Air Lease Corporation.
"We are delighted to commence this new partnership with ALC, with the addition of three Boeing 787-9s to Thai Airways' fleet. The incorporation of these aircraft underscores our dedication to fleet modernization and delivering exceptional comfort and efficiency to our passengers. Thai Airways International is thrilled to further strengthen our relationship with such an industry-leading partner," said Chai Eamsiri, CEO of Thai Airways International.

Air Lease Corporation Announces Lease Placement Of Three New Boeing 787 Aircraft With Thai Airways International

Air Lease Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AL#NYSE">AL</a>) (the &quot;Company&quot;) announced the pricing on February 20, 2024 of its offering of C$400 million aggregate principal amount of additional 5.40% senior unsecured medium-term notes due June 1, 2028 (the &quot;Notes&quot;). The sale of the Notes is expected to close on February 28, 2024, subject to satisfaction of customary closing conditions.
The Notes will mature on June 1, 2028 and will bear interest at a rate of 5.40% per annum, payable semi-annually in arrears on June 1 and December 1 of each year, commencing on June 1, 2024. Owners of the Notes will receive payments relating to their Notes in Canadian dollars.

Air Lease Prices C$400M Of Senior Unsecured Medium-Term Notes

Air Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AL#NYSE">AL</a>) reported its Q4 earnings results on Thursday, February 15, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Air Lease beat estimated earnings by 77.78%, reporting an EPS of $1.92 versus an estimate of $1.08.
Revenue was up $114.96 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.54 which was followed by a 2.07% drop in the share price the next day.
Here's a look at Air Lease's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.05</td>
<td>1.09</td>
<td>0.99</td>
<td>1</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.59</td>
<td>1.58</td>
<td>1.50</td>
<td>1.42</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>662.16M</td>
<td>657.68M</td>
<td>607.47M</td>
<td>589.11M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>659.36M</td>
<td>672.90M</td>
<td>636.14M</td>
<td>601.61M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Air Lease <a href="https://www.benzinga.com/quote/AL/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Air Lease Q4 Earnings

Air Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AL#NYSE">AL</a>) reported quarterly earnings of $1.92 per share which beat the analyst consensus estimate of $1.08 by 77.78 percent. The company reported quarterly sales of $716.60 million which beat the analyst consensus estimate of $668.37 million by 7.22 percent. This is a 19.11 percent increase over sales of $601.61 million the same period last year.

Earnings Beats

Air Lease Q4 2023 Adj EPS $1.92 Beats $1.08 Estimate, Sales $716.60M Beat $668.37M Estimate

Air Lease Corp Class A (AL) leads the Rental and Leasing Services industry with an overall score of 83. AL is up 31.53% so far this year after the company closed yesterday at $49.1.  The overall score measures the company's performance based-off both short and long term indicators and means that AL scores better than 83% o

Where Does Air Lease Corp Class A (AL) Stock Fall in the Rental & Leasing Services Field?

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide.