---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-020610"
form_type: "8-K"
ticker: null
cik: "0001487712"
company_name: "AIR LEASE CORP"
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T21:57:12.536332+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Air Lease Q1 net income falls 17.7% to $97.4M; EPS $0.87, adjusted $1.31

## Summary
- Revenue $663.3M (+4.3% YoY) driven by fleet growth and sales; net income $97.4M vs $118.3M.
- Diluted EPS $0.87 (down $0.19); adjusted diluted EPS $1.31 (down $0.19) on higher interest expense.
- Added 14 aircraft from order book (~$900M investments); sold 5 aircraft for ~$240M.
- Syndicated revolving credit facility increased to $7.8B, maturity extended to May 5, 2028.
- Board declared $0.21/share quarterly dividend, payable July 8, 2024 to holders of record June 4.

## SEC filing metadata
- accession: 0001628280-24-020610
- form_type: 8-K
- cik: 0001487712
- company_name: AIR LEASE CORP
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1487712/000162828024020610/0001628280-24-020610-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1487712/000162828024020610/al-20240506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-020610
- JSON: https://secwatch.observer/filing/0001628280-24-020610.json
- Plain text: https://secwatch.observer/filing/0001628280-24-020610.txt

## Key facts
- Earnings Releases
  AIR LEASE CORP reported the three months ended March 31, 2024 results: revenue $663.3, net income $97.4, EPS $0.87.
  - Period: the three months ended March 31, 2024
  - Revenue: $663.3
  - Net income: $97.4
  - EPS: $0.87
  - Result: reported results
  source text: ended March 31, 2024 and 2023 (in millions, except per share amounts and percentages): Operating Results Three Months Ended March 31, 2024 2023 $ change % change Revenues $ 663.3 $ 636.1 $ 27.2 4.3 % Operating expenses (528.0) (477.9) (50.1) 10.5 % Income before taxes 135.3 158.3 (23.0) (14.5) % Net income attributable to common stockholders $ 97.4 $ 118.3
  evidence_url: https://www.sec.gov/Archives/edgar/data/1487712/000162828024020610/0001628280-24-020610-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.