AL
IndustrialsAir Lease Corporation · Rental & Leasing Services · $7B
What is Air Lease Corporation?
Air Lease Corporation is a commercial aircraft leasing company headquartered in Los Angeles, California. It acquires modern jets and leases them to airlines across the globe, generating revenue through lease payments and selective aircraft sales.
Air Lease purchases new commercial jet aircraft directly from manufacturers and places them on operating leases with airlines worldwide. When strategic, it also sells aircraft from its portfolio to leasing companies, financial institutions, and other investors. Beyond direct leasing, the company offers fleet management services to third-party aircraft owners and investors, adding a fee-based revenue stream alongside its core lease income.
Incorporated in 2010 and operational from 2011, Air Lease is a relatively young player in the global aviation leasing industry.
- Operating leases of narrowbody commercial jets to airlines
- Operating leases of widebody commercial jets to airlines
- Aircraft portfolio sales to investors and leasing companies
- Fleet management services for third-party aircraft owners
Is AL a Good Stock to Buy?
UQS Score rates AL as Below Average overall, reflecting meaningful headwinds across several key pillars.
Valuation stands out as the clearest positive signal — AL appears attractively priced relative to its fundamentals and sector peers. Quality and Growth both register as Neutral, suggesting the business is functional but not delivering standout returns or expansion relative to higher-rated industrials.
The Moat and Risk pillars are both rated Weak, pointing to limited competitive differentiation in a capital-intensive, cyclical industry and above-average exposure to financial and operational risks.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does AL pay dividends?
Yes — Air Lease Corporation pays a dividend.
Air Lease pays a regular dividend, which is relatively uncommon among capital-intensive lessors that typically prioritize fleet reinvestment. The dividend reflects management's intent to return some capital to shareholders while continuing to grow the portfolio. Income-focused investors should weigh the payout against the company's elevated debt levels, which are inherent to the aircraft leasing model.
When does AL report earnings?
Air Lease Corporation reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
Lease revenue trends have generally tracked the recovery in global air travel demand, though rising interest rates and aircraft delivery delays from manufacturers have created headwinds. Fleet utilization and lease rate factors remain key metrics to watch each quarter.
For the most recent quarter's results and guidance, visit Air Lease Corporation's investor relations page directly.
AL Price History
+51.0% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Air Lease Corporation?
Based on Air Lease Corporation's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
AL Long-term Outlook
The fundamental outlook for AL is mixed. Growth and Quality pillar ratings at Neutral suggest the business is maintaining operations without a clear acceleration in earnings power. The Weak Risk rating indicates the company carries meaningful balance-sheet and macro sensitivity — particularly to interest rate movements and airline credit quality. The Attractive Valuation label suggests the market may already be pricing in these concerns, leaving limited upside catalyst unless risk conditions improve.
Growth drivers
- Continued recovery in global airline passenger demand supporting lease renewals
- Fleet modernization trends driving airline demand for newer, fuel-efficient aircraft
- Expansion of fleet management fee income as a lower-capital revenue stream
Key risks
- Rising interest rates increasing cost of debt in a heavily leveraged business model
- Aircraft delivery delays from manufacturers disrupting lease placement timelines
- Airline credit risk and potential lessee defaults during economic downturns
AL vs Peers
Air Lease operates in a capital-intensive leasing space alongside diversified equipment lessors and fleet service providers.
GATX focuses primarily on railcar leasing rather than aircraft, giving it a different asset base and risk profile compared to AL.
Ryder concentrates on commercial truck fleet leasing and supply chain solutions, operating in ground transportation rather than aviation.
EquipmentShare targets construction equipment rental with a technology-enabled platform, serving a very different end market than commercial aviation.
Frequently Asked Questions
What does Air Lease Corporation do?
Air Lease purchases commercial jet aircraft and leases them to airlines around the world. It also sells aircraft from its portfolio to investors and leasing companies, and provides fleet management services to third-party aircraft owners. The business model centers on generating stable lease income from a diversified global airline customer base.
Does AL pay dividends?
Yes, Air Lease pays a regular dividend. This is notable for an aircraft lessor, as the sector is highly capital-intensive. Investors should consider the dividend in the context of the company's debt obligations, which are a structural feature of the leasing business model.
When does AL report earnings?
Air Lease reports on a quarterly cadence, as is standard for US-listed companies. For the exact schedule and most recent results, check the investor relations section of Air Lease's official website, where earnings dates and press releases are published.
Is AL a good stock to buy?
UQS Score rates AL as Below Average, driven by Weak Moat and Risk pillar ratings. The Valuation pillar is Attractive, which may interest value-oriented investors, but the structural risks in the business — including high leverage and cyclical exposure — temper that signal. A full pillar breakdown is available to Pro members.
Is AL overvalued?
Based on the UQS Valuation pillar, AL is rated Attractive, suggesting the stock is not overvalued relative to its fundamentals and sector peers. However, an attractive price alone does not offset the Weak Risk and Moat ratings that weigh on the overall UQS Score.
How does AL compare to its competitors?
AL's closest publicly listed peers in the leasing space — GATX, Ryder, and EquipmentShare — operate primarily in rail, truck, and construction equipment rather than aviation. This makes direct comparisons imperfect. Within aviation leasing specifically, AL competes on fleet age, airline relationships, and access to new aircraft orders.
What is AL's market cap bracket?
Air Lease Corporation is classified as a mid-cap company. This places it in a range where institutional coverage is meaningful but the stock may receive less attention than large-cap peers, which can create both pricing inefficiencies and liquidity considerations for investors.
Who founded Air Lease Corporation?
Air Lease was founded by Steven Udvar-Házy, a pioneer of the aircraft leasing industry who previously co-founded International Lease Finance Corporation. The company was incorporated in 2010 and began operations in 2011, quickly building one of the largest aircraft order books in the industry.
Is AL a long-term quality investment?
From a long-term quality perspective, AL's UQS profile raises caution. The Weak Moat rating suggests limited durable competitive advantages, and the Weak Risk rating points to structural vulnerabilities. Quality and Growth at Neutral indicate the business is stable but not compounding strongly. Long-term investors should weigh these factors carefully.
What is the main competitive advantage of Air Lease Corporation?
AL's primary advantage lies in its relationships with major aircraft manufacturers, which give it access to new-technology aircraft at scale. A young, fuel-efficient fleet is attractive to airlines seeking to reduce operating costs. However, the UQS Moat pillar rates this advantage as Weak, reflecting how replicable the model is among well-capitalized competitors.
What sector does AL belong to?
Air Lease Corporation is classified in the Industrials sector, specifically within the transportation and leasing sub-industry. Its performance is closely tied to global air travel demand, airline financial health, and broader macroeconomic conditions that affect capital-intensive businesses.
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Pro Analysis
AL — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 21, 2026 | 53.6 | 60.6 | 26.0 | 44.7 | 59.6 | 93.8 | +11.5 |
| May 6, 2026 | 42.1 | 49.0 | 26.0 | 44.7 | 7.1 | 88.7 | +0.1 |
| Apr 30, 2026 | 42.0 | 49.0 | 26.0 | 44.7 | 7.1 | 88.5 | +0.2 |
| Apr 25, 2026 | 41.8 | 49.0 | 26.0 | 44.7 | 7.1 | 86.8 | 0.0 |
| Apr 23, 2026 | 41.8 | 49.0 | 26.0 | 44.7 | 7.1 | 86.9 | 0.0 |
| Apr 18, 2026 | 41.8 | 49.0 | 26.0 | 44.7 | 7.1 | 86.8 | -0.4 |
| Apr 2, 2026 | 42.2 | 49.0 | 26.0 | 44.7 | 7.1 | 89.8 | — |
AL — Pillar Breakdown
Quality
— 60.6/100 (25%)Air Lease Corporation shows solid profitability with healthy returns on capital and reasonable margins.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 44.7/100 (20%)Air Lease Corporation shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 59.6/100 (15%)Air Lease Corporation maintains a reasonable risk profile with manageable debt levels.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 93.8/100 (15%)Air Lease Corporation appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
Enterprise value multiple relative to sector median.
Moat
— 26/100 (25%)Air Lease Corporation operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for AL.
Score Composition
Financial Data
More Stock Analysis
How is the AL UQS Score Calculated?
The UQS (Unified Quality Score) for Air Lease Corporation is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Air Lease Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Air Lease Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.