Airbus rejects pressure to curb record jet output goal [Reuters]
Air Lease Corporation Class A (AL)
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Source: Reuters
Airbus rejects pressure to curb record jet output goal By Tim Hepher 5 Min Read PARIS (Reuters) -Airbus has rebuffed calls by aircraft leasing companies to temper plans to almost double production of its best-selling A320 jet family, telling them its ambitions are justified by expectations for post-pandemic demand, industry sources said. Major lessors have joined engine makers in warning Airbus that an aggressive output increase to a new peak above 70 aircraft a month could upset the market and hurt plane values while a recovery from the coronavirus crisis remains fragile. The latest approach came in separate letters to Airbus from at least two of the world’s largest leasing companies, the sources said, confirming a Financial Times report. Airbus has responded by saying it is sticking to its plans, which involve a firm target of 64 A320-family jets a month in the second quarter of 2023, along with studies to raise monthly output to 70 in early 2024 and 75 by 2025. That compares with
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News
- Air Lease Corporation (NYSE:AL) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Air Lease Co. (NYSE: AL) had its price target lowered by analysts at TD Cowen from $59.00 to $56.00. They now have a "buy" rating on the stock.MarketBeat
- Air Lease Q1 profit misses estimates on higher interest expenses [Yahoo! Finance]Yahoo! Finance
- Air Lease Q1 profit misses estimates on higher interest expenses [Reuters]Reuters
- Air Lease Corporation Announces First Quarter 2024 ResultsBusiness Wire
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AL
Sec Filings
- 5/6/24 - Form 8-K
- 5/6/24 - Form 424B5
- 5/6/24 - Form S-3
- AL's page on the SEC website