Smarter Analyst

The EVP of Air Lease is Exercising Options

Today it was reported that the EVP of Air Lease (AL), Alex Khatibi, exercised options to sell 140,000 AL shares at $20.00 a share, for a total transaction value of $5.72M.

In addition to Alex Khatibi, 4 other AL executives reported Sell trades in the last month.

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Based on Air Lease’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $471 million and quarterly net profit of $128 million. In comparison, last year the company earned revenue of $398 million and had a net profit of $115 million. The company has a one-year high of $46.61 and a one-year low of $28.13. Currently, Air Lease has an average volume of 877.40K.

The insider sentiment on Air Lease has been negative according to 67 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Air Lease Corp. engages in the provision of aircraft leasing business. It focuses on purchasing new commercial jet transport aircraft directly from aircraft manufacturers, and leasing those aircraft to airlines throughout the world with the intention to generate attractive returns on equity.