Sumisho Air Lease Q1 net income $114.8M, down 68.5% YoY; merger closed Apr 8

AIR LEASE CORP

2026-Q1 EPS reported $1.02 revenue$739,223,000

GAAP diluted EPS $1.02 vs $3.26 YoY; adjusted diluted EPS $1.47 vs $1.51.
Revenue $739.2M (+0.1%); prior-year $332M Russian insurance recovery did not repeat.
On Apr 8, Air Lease Corporation merger completed; now subsidiary of holding co owned by Sumitomo, SMBC AC, Apollo, Brookfield.
Delivered 12 aircraft ($780M); owned fleet 496; sold 6 aircraft for $275M.
Total debt net $20.8B; composite cost of funds 4.33% as of Apr 30.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AIR LEASE CORP reported the three months ended March 31, 2026 results: revenue $ 739.2, net income $ 114.8, EPS $ 1.02.

Period: the three months ended March 31, 2026
Revenue: $ 739.2
Net income: $ 114.8
EPS: $ 1.02
Result: reported results

Exact text from the filing

ended March 31, 2026 and 2025 (in millions, except per share amounts and percentages): Operating Results Three Months Ended March 31, 2026 2025 $ change % change Revenues $ 739.2 $ 738.3 $ 0.9 0.1 % Operating expenses (589.3) (598.6) 9.3 (1.6) % Recoveries of Russian fleet write-off — 331.9 (331.9) — Income before taxes 149.9 471.7 (321.8) (68.2) % Net

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Source: SEC EDGAR

accession 0001628280-26-032069

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