Today it was reported that the CEO & President of Air Lease (AL – Research Report), John Plueger, exercised options to sell 395,806 AL shares at $20.00 a share, for a total transaction value of $15.1M.
Based on Air Lease’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $462 million and quarterly net profit of $138 million. In comparison, last year the company earned revenue of $381 million and had a net profit of $111 million. AL’s market cap is $4.24B and the company has a P/E ratio of 7.90. Currently, Air Lease has an average volume of 1.28M.
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Air Lease Corp. engages in the provision of aircraft leasing business. It focuses on purchasing new commercial jet transport aircraft directly from aircraft manufacturers, and leasing those aircraft to airlines throughout the world with the intention to generate attractive returns on equity.