Air Lease
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Air Lease (AL) investor relations material

Air Lease Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary12 Feb, 2026

Executive summary

  • Achieved record total revenues of $820 million for Q4 and $3.0 billion for FY2025, the highest in company history.

  • Net income attributable to common stockholders rose to $170 million for Q4 and $1.0 billion for FY2025, driven by higher revenues and a $736 million insurance recovery related to the Russian fleet.

  • Delivered 10 new aircraft in Q4, ending the year with 490 owned aircraft and $33 billion in total assets.

  • Sold 23 aircraft in Q4 for $1.0 billion in proceeds; 48 aircraft sold in FY2025.

  • Announced a pending merger with Sumisho Air Lease Corporation, expected to close in H1 2026.

Financial highlights

  • Q4 revenues increased 15% year-over-year to $820.4 million; FY2025 revenues up 10.3% to $3.02 billion.

  • Q4 net income attributable to common stockholders grew 83.7% year-over-year to $169.9 million; FY2025 net income up 180.6% to $1.04 billion.

  • Adjusted net income before income taxes for Q4 was $247 million (up 64.2%); for FY2025, $718.4 million (up 25.1%).

  • Q4 gain on aircraft sales and trading rose 90% year-over-year to $141 million; FY2025 gain was $331 million, up 35%.

  • Diluted EPS for FY2025 was $9.29, up from $3.33 in FY2024.

Outlook and guidance

  • No forward guidance provided due to the pending merger.

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Frequently asked questions

Air Lease Corporation is an aircraft leasing company. The Company leases commercial jet aircraft to major airlines worldwide under lease agreements, including fixed rate and floating rate leases. Its customers include domestic, regional and foreign airlines that provide air service to various destinations in the United States and the rest of the world. It operates through the Purchase & Lease, or Purchase & Flip segments. The Purchase & Lease segment purchases used commercial jet aircraft from manufacturers, remarkets them and provides leasing services to airlines around the world. The company was started in 2010 and is headquartered in Los Angeles, California.

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