Air Lease reports Q1 EPS $1.50, consensus 99c

Reports Q1 revenue $636.1M, consensus $607.5M. "We’re pleased to report strong first quarter 2023 results, which benefitted from robust fleet growth. Global air travel demand continues to expand meaningfully with healthy airline yields, while aircraft capacity remains constrained. The need for new fuel-efficient commercial aircraft continues to rise, bolstering the value of our orderbook positions and existing fleet. While our deliveries exceeded expectations this quarter, we do foresee OEM delivery delays persisting for several years ahead," said John L. Plueger, CEO