AL - Air Lease Corporation: Is The Aircraft Leasing Model Losing Altitude?

2024-02-02 13:34:18 ET

Summary

• Air Lease Corporation operates in the aircraft leasing industry, which is characterized by high customer concentration and vulnerability to economic cycles.
• The company's profitability has decreased despite scaling, indicating underlying inefficiencies in its business model.
• Returns on capital are low, suggesting that the company is investing in unprofitable growth as it scales.

Introduction

In today's article, we'll discuss Air Lease Corporation ( AL ), an aircraft lease company; in prior articles , I've discussed companies with a similar business model of renting out expensive capital equipment....

For further details see: