secwatch.observer — SEC 8-K summary
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Issuer:     AIR LEASE CORP (—)
CIK:        0001487712
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001628280-24-020610
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1487712/000162828024020610/0001628280-24-020610-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1487712/000162828024020610/al-20240506.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-020610

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer