---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-032069"
form_type: "8-K"
ticker: null
cik: "0001487712"
company_name: "AIR LEASE CORP"
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:35:52.980590+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-26-032069
- form_type: 8-K
- cik: 0001487712
- company_name: AIR LEASE CORP
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1487712/000162828026032069/0001628280-26-032069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1487712/000162828026032069/al-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-032069
- JSON: https://secwatch.observer/filing/0001628280-26-032069.json
- Plain text: https://secwatch.observer/filing/0001628280-26-032069.txt

## Source-grounded claims
- claim_id: 365c5f9b504ddb8147900e8ee9bf5e9901fd4e43
  claim: AIR LEASE CORP reported the three months ended March 31, 2026 results: revenue $ 739.2, net income $ 114.8, EPS $ 1.02.
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1487712/000162828026032069/0001628280-26-032069-index.htm

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