Air Lease Corp reports lower revenue as jet delivery delays bite

Air Lease

13/02/2025 21:05

Feb 13 (Reuters) - Air Lease Corp  AL.N  on Thursday
reported lower quarterly revenue as lessors wrestle with delays
in taking deliveries of commercial jets from planemakers Boeing
 BA.N  and Airbus  AIR.PA  despite strong travel demand. 
    Aircraft lessors are benefitting from high rental revenue as
airlines look for aircraft which are in short supply due to
supply chain problems, along with slumping production of
Boeing's 737 MAX and Pratt & Whitney GTF engine snags.
    Delays in deliveries from major aircraft manufacturers are
in some cases getting worse, Air Lease's executive chairman
warned last month. 
    Its revenue in the fourth quarter fell 3.7% to $712.9
million.

 (Reporting By Allison Lampert in Montreal and Nathan Gomes in
Bengaluru; Editing by Anil D'Silva)
 ((Allison.Lampert@thomsonreuters.com; 514-796-4212; Reuters
Messaging: allison.lampert.reuters.com@reuters.net))