{"id":1990244,"date":"2023-08-03T19:54:02","date_gmt":"2023-08-03T23:54:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/air-lease-results-beat-estimates-expects-more-demand-from-airbus-delays\/"},"modified":"2023-08-03T19:55:07","modified_gmt":"2023-08-03T23:55:07","slug":"air-lease-results-beat-estimates-expects-more-demand-from-airbus-delays","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/air-lease-results-beat-estimates-expects-more-demand-from-airbus-delays\/","title":{"rendered":"Air Lease exceeds expectations, anticipates increased demand due to Airbus delays."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fair-lease-results-beat-estimates-expects-more-demand-from-airbus-delays%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1990244&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p>(Reuters) -Aircraft lessor Air Lease said on Thursday it expects more demand opportunities from potential delivery delays at Airbus due to Pratt &#038; Whitney engine issues, which could further boost its lease rates.<\/p>\n<p>Airlines looking to cash in on a surge in global travel have been struggling with limited supply\u200c of jets and are increasingly turning to lessors to augment their capacity.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Higher lease rates\u200d helped Air \u200dLease \u200dpost \u2062better-than-expected results for the quarter through June,\u200c sending its shares up 2.66%\u200d after the bell. <\/p>\n<p>\u201cWe are watching Airbus deliveries carefully in the face of RTX\u2019s announcement on manufacturing \u200ddefects on certain of its gear \u2063turbofan engines,\u201d\u2064 CEO John Plueger said on an investor call.<\/p>\n<p>Last week, the company had also received a further incremental delay \u200dnotice from Boeing on its MAX deliveries.<\/p>\n<p>The fleet of\u200b Air Lease comprised\u200d 448 owned aircraft and\u200c 80 managed aircraft as of \u2063June 30,\u200d with 359 new planes on order from Boeing and Airbus set to deliver through 2029.<\/p>\n<p>It reported a profit of $1.10 per share for the second quarter, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/air-lease-results-beat-estimates-expects-more-demand-from-airbus-delays\/\" title=\"Air Lease exceeds expectations, anticipates increased demand due to Airbus delays.\">beating \u200banalysts\u2019 average estimate<\/a> of $1.07, according to\u2064 Refinitv data.<\/p>\n<p>The lessor also expects record global temperatures to add further environmental pressure on airlines to replace older planes, positioning it to\u2062 capture the strong demand.<\/p>\n<p>Revenue rose \u200c20.7% to $672.9 million in the quarter and beat expectations of $660.3 million.<\/p>\n<p>  (Reporting by \u2063Shivansh Tiwary in Bengaluru; Editing \u2063by Arun Koyyur)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/air-lease-results-beat\/attachment\/illustration-shows-air-lease-logo\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>45th President Donald Trump has pleads not guilty to\u200d all \u200cfour felony\u200b charges.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Devon Archer says he and Hunter Biden flew too close to the sun as business partners. With\u2063 the transcript from his closed-door testimony being released \u200dtoday, there is a lot to unpack.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Just days after giving his closed-door testimony the House Oversight Committee releases Biden\u2019s ex-business partner\u2019s transcript.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Obama-appointed Judge \u200dTanya Chutkan has been assigned to 45th President Donald Trump\u2019s \u200c2020 election challenge case.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>(Reuters) \u2013 Apple\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gop-presidential-candidate-vivek-ramaswamy-sues-doj-over-trump-indictment\/\" title=\"Vivek Ramaswamy, GOP candidate, sues DOJ for Trump indictment.\">high-yield savings account offered<\/a> by its partner Goldman Sachs has reached over $10 billion in customer deposits, the technology\u2026<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>(Reuters) \u2013 Cognizant Technology Solutions forecast third-quarter revenue above estimates on Wednesday as more businesses turn to the\u200b IT services provider to\u2026<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>(Reuters) \u2013 Equinix \u2064forecast third-quarter revenue below market estimates on Wednesday, a sign that demand for data centers was slowing as \u200dbusinesses\u2026<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>By Nette Noestlinger, Matthias Baehr and Elizabeth \u200cHowcroft LONDON (Reuters) \u2013 Worldcoin will expand its operations to sign up more users globally\u2026<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Aircraft lessor Air Lease anticipates increased demand due to potential delivery delays at Airbus caused by Pratt &amp; Whitney engine problems. This could further raise lease rates, benefiting airlines seeking to profit from the surge in global travel amid limited jet supply.<\/p>\n","protected":false},"author":66,"featured_media":1990245,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1990244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1990244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1990244"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1990244\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1990245"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1990244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1990244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1990244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}