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Air Lease (AL) to Deliver 15 New A321XLRs to Air Canada
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Air Lease Corporation (AL - Free Report) announced a long-term lease placement for 15 new Airbus A321XLR aircraft with Air Canada. The new jets are scheduled to be delivered in 2024 and 2025 from AL’s order book with Airbus.
Chief executive officer and president of Air Lease, John L. Plueger, stated, “We’re honored to significantly expand our long-term relationship with Air Canada with the lease of these 15 advanced-technology, environmentally friendly A321XLR aircraft, which will facilitate significant network expansion with the highest levels of service and comfort for Air Canada’s passengers”.
These fleet renewal techniques will help Air Canada to reach its sustainability targets by lowering costs and completing emission-reduction objectives. Such moves are expected to boost AL’s top-line numbers by augmenting lease revenues.
Zacks Rank & Other Stocks to Consider
Air Lease currently sports a Zacks Rank #1 (Strong Buy).
Investors interested in the broader Zacks Transportation sector can also consider other top-ranked stocks like Expeditors International of Washington, Inc. (EXPD - Free Report) , Old Dominion Freight Line, Inc. (ODFL - Free Report) and Triton International Limited .
Expeditors has an earnings surprise of 34.2%, having surpassed the Zacks Consensus Estimate in all of the past four quarters. Expeditors is being aided by the uptick in airfreight revenues. We are optimistic about the company’s buyout of Fleet Logistics’ Digital Platform. The acquisition has boosted Expeditors’ online LTL shipping platform, Koho. The move is in line with the company's focus on Digital Solutions.
The long-term expected EPS (three to five years) growth rate for Old Dominion is pegged at 16%. Old Dominion is benefiting from the strong performance of the LTL segment owing to improved freight conditions. In 2021, revenues from the LTL services segment increased 30.7% on a year-over-year basis.
Driven by the tailwinds, the stock has increased 37.9% in the past year. ODFL currently carries a Zacks Rank #2 (Buy).
The long-term expected EPS (three to five years) growth rate for Triton is pegged at 10%. Gradual increases in trade volumes and container demand bode well for the company. With easing coronavirus-led restrictions in the United States and Europe, the company saw a strong rebound in its business in the third, the fourth of 2020 as well as in each of the four quarters of 2021.
Driven by the tailwinds, the stock has increased 32% in the past year. TRTN currently carries a Zacks Rank #2.
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Air Lease (AL) to Deliver 15 New A321XLRs to Air Canada
Air Lease Corporation (AL - Free Report) announced a long-term lease placement for 15 new Airbus A321XLR aircraft with Air Canada. The new jets are scheduled to be delivered in 2024 and 2025 from AL’s order book with Airbus.
Chief executive officer and president of Air Lease, John L. Plueger, stated, “We’re honored to significantly expand our long-term relationship with Air Canada with the lease of these 15 advanced-technology, environmentally friendly A321XLR aircraft, which will facilitate significant network expansion with the highest levels of service and comfort for Air Canada’s passengers”.
These fleet renewal techniques will help Air Canada to reach its sustainability targets by lowering costs and completing emission-reduction objectives. Such moves are expected to boost AL’s top-line numbers by augmenting lease revenues.
Zacks Rank & Other Stocks to Consider
Air Lease currently sports a Zacks Rank #1 (Strong Buy).
Investors interested in the broader Zacks Transportation sector can also consider other top-ranked stocks like Expeditors International of Washington, Inc. (EXPD - Free Report) , Old Dominion Freight Line, Inc. (ODFL - Free Report) and Triton International Limited .
Expeditors has an earnings surprise of 34.2%, having surpassed the Zacks Consensus Estimate in all of the past four quarters. Expeditors is being aided by the uptick in airfreight revenues. We are optimistic about the company’s buyout of Fleet Logistics’ Digital Platform. The acquisition has boosted Expeditors’ online LTL shipping platform, Koho. The move is in line with the company's focus on Digital Solutions.
EXPD currently sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
The long-term expected EPS (three to five years) growth rate for Old Dominion is pegged at 16%. Old Dominion is benefiting from the strong performance of the LTL segment owing to improved freight conditions. In 2021, revenues from the LTL services segment increased 30.7% on a year-over-year basis.
Driven by the tailwinds, the stock has increased 37.9% in the past year. ODFL currently carries a Zacks Rank #2 (Buy).
The long-term expected EPS (three to five years) growth rate for Triton is pegged at 10%. Gradual increases in trade volumes and container demand bode well for the company. With easing coronavirus-led restrictions in the United States and Europe, the company saw a strong rebound in its business in the third, the fourth of 2020 as well as in each of the four quarters of 2021.
Driven by the tailwinds, the stock has increased 32% in the past year. TRTN currently carries a Zacks Rank #2.