Article Overview
With COVID-19 turning out to be a black swan event, the markets have witnessed a knee-jerk reaction. Further, some stocks and sectors have been more impacted than the others. As an example, the airline, travel & tourism and energy industry have been significantly impacted.
Within the broad airline industry, air leasing companies are also among the severely impacted players. Air Lease (AL) touched a 52-week high of $49.96 in the beginning of 2020. On March 18, 2020, the stock touched a 52-week low of $8.41. The sharp decline is an indication