Air Lease Corp (AL) CEO John Plueger on Q1 2022 Results - Earnings Call Transcript

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Q1: 2022-05-05 Earnings Summary

EPS of -$4.21 misses by $4.39
 | Revenue of $596.66M (25.66% Y/Y) beats by $46.65M

Air Lease Corp (NYSE:AL) Q1 2022 Earnings Conference Call May 5, 2022 4:30 PM ET

Company Participants

Jason Arnold - Assistant VP, Finance
John Plueger - CEO, President & Director
Steven Hazy - Executive Chairman
Gregory Willis - EVP & CFO

Conference Call Participants

Catherine O'Brien - Goldman Sachs Group
Jamie Baker - JPMorgan Chase & Co.
Moshe Orenbuch - Crédit Suisse-
Hillary Cacanando - Deutsche Bank
Mark Streeter - JPMorgan Chase & Co.

Operator

Ladies and gentlemen, welcome to the Air Lease First Quarter 2022 Earnings Conference Call. [Operator Instructions].

As a reminder, this conference call is being recorded. I would now like to turn the conference over to your host, Mr. Jason Arnold, Head of Investor Relations. Sir, please go ahead.

Jason Arnold

Good afternoon, everyone, and welcome to Air Lease Corporation's First Quarter 2022 Earnings Call. This is Jason Arnold, and I'm joined this afternoon by Steve Hazy, our Executive Chairman; John Plueger, our Chief Executive Officer and President; and Greg Willis, our Executive Vice President and Chief Financial Officer.

Earlier today, we published our first quarter 2022 results, a copy of our earnings release is available on the Investors section of our website at www.airleasecorp.com. This conference call is being webcast and recorded today, Thursday, May 5, 2022, and the webcast will be available for replay on our website. [Operator Instructions].

Before we begin, please note that certain statements in this conference call, including certain answers to your questions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act. This includes, without limitation, statements regarding the state of the airline industry, including the impact of sanctions imposed on Russia, our future operations and performance, revenues, operating expenses, stock-based compensation expense and other income and expense items. These statements and any projections as to the company's future performance represent management's estimates for future results and speak

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