secwatch.observer — SEC 8-K summary
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Issuer:     AIR LEASE CORP (—)
CIK:        0001487712
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001628280-26-032069
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1487712/000162828026032069/0001628280-26-032069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1487712/000162828026032069/al-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-032069

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