stress I by for effective and is will well. holding everyone, Mary in you, being Liz. certainly this news from the community joining Good Thank the pleased most to business humanity. for report differentiate the progress thank while for ALC's and that importantly, airline encouraging industry, impacted this am up global continue well And And ALC believe vaccine of the towards development peers. certainly an industry, afternoon, you airline leasing on bodes to is the us. morning to date The I
to impact. X.X%, our million up in about resulting down the cash lessees, are due recognition from X% revenues $XX revenue switch and Our of but to X for quarter, basis year-to-date revenue a for primarily profit a third accrual
the Our reason. fully X.X% down diluted $X.XX XX.X%, quarter earnings the and recognition per are same $X.XX third revenue share year-to-date for and of for respectively,
more significantly resulting on later. aircraft you versus aircraft of curtailed quarter, told expenditures efforts our order book XXXX. gains light on lower expenditures capital in sales year I'll aircraft, we last in addition, in lower sales of level on our we XXXX capital In much this touch
quarter. for XX% utilization in an and rate of year-to-date, strong lease equally remained healthy third third XX.X% XX% collections quarter at cash the Our the with
our of we representing XX% which customers repayments having million, track quarter, the $XX to XX% today. of approximately deferred of repaid airline to the deferrals on are we significant with amounts During had proceeding accommodations. the no The granted been change through
as placements continues exceed seeing through our end of X% requests. represent of XXXX. liquidity of on we round could, day, deferral Furthermore, in The the the of placed limited our of deferrals only do course, repayments you But requests evolving with for third order to Finally, book is well XX% at quarter, Right some there now, last are deferral long-term that total for aircraft of deferrals, available lease change. the this delivering we today environment continue pace our second to operating quarter. cases, our through so initial leases of requests. or are told every
end Looking specifically through the of at commitments placed. our are approximately from through today, book wide-body contractual purchase our we order forward XX% deliveries
with the our aircraft results believe book has the on a balance confident we we we and our for program, are importantly, this years. million representative and company's our shareholders, to several new strong and of we In mind authorized environment young remain the dividend. over our our these to of long on time repurchase the decade. Finally, the investment-grade model $XXX up in a our a our lease and we order have level has in forward. sheet results team we of first resilient focusing this leases, increasing past from tirelessly worked our built business fleet next the produce Directors low ability expiries are history, share environment, for employ Board to quarterly challenging With moving over Most navigate in
been repurchase the allocation consider it. and time now strategy. to indicated we is share has disciplined context have As previously, right a we this have always evaluated in capital A
below debt-to-equity cash net Our our current ratio, target. is of
billion. our factors original stands an all-time cited. at I've expenditures have on the been high, $X exceeding aircraft And liquidity already plans Our capital our due to below
to our long-term share repurchase the our ALC we commitment increasing our So value. to in ability directly ongoing in demonstrating own the have confidence invest with authorization, company, shareholder continued and
deployment topic, on While a let operationally. on the we're me capital bit expand
deliver the $XXX about quarter, of the aircraft third million. billion order hopeful X in aircraft we took totaling to $X.X While of quarter, delivery we book only from our were in
curtailed today, the anticipate notices requiring due And we XX inspection. growth by and have to delays groundings, -- government not on continued further production to recent customer-related delivery industrial on delays deferrals quarter XXXX. on any or do orders MAX for delivery aircraft AXXXneo, aircraft delays we with industrial delays delivery of but restrictions, Our aircraft first improving Right had due delays Boeing through other be MAX or of to canceled the now, Boeing continues Airbus recent ongoing travel we several taking XXX aircraft. MAX until
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to the and aircraft. we leaseback with single-aisle deployment to addition also stock additional our purchase starting authorization, buyback on execute to opportunities capital of transactions In book and are and young order respect sale
soon. approach, to these very our customers We watch having been with landscape start We airlines hope in to transactions have and globally. been unfold patient some disciplined our announcing the of
giving only helps evaluate Capital with II aircraft generating manage these but our provides in investment Additionally, with capital added profile upon our we our act us adjunct we management venture This using us marketplace customers, risk addition as are fees. tools Blackbird not to us and opportunities.
what due our pass we evaluate Blackbird our to we would to customer or Capital are Blackbird Capital designed as conservative we good opportunities So was forward, otherwise exposures aircraft credit to have exactly which II looking fitting utilizing II limits, on do. own
we resurgence industry we the and do see quarters Northern the forward, through virus continued difficult the environment several Looking winter season next the a Hemisphere. go with airline as over in
expect further airlines, pressure see liquidity We to lead and likely on insolvencies, will to deferrals. restructurings further which the
balance Boeing reciprocal Europe news EU vaccine the environment currently MAX this. aircraft forward deployment This structuring XXX for We the aircraft positive on XX% unparalleled marketplace. forward relationships, morning's the into of to to a fleet, our on improve regarding EU threat potential fact, us same all MAX Europe, see and a young could begin ALC we political a the prepared imposing has move to a and Boeing the is are tariff X imposed the believe tomorrow. by learned aircraft time, Also, are We into strong end will of this and that XXXX. importation in delivery monitoring trade creativity tariff the outlook. and through. landscape. At tools We imports up will, today for of short-term between sheet, on key forecast now
recent these history, deliveries we've not as in all However, seen occur. may
that Boeing at eliminates interest responsibility the it to say and a their the work such in tariffs lessee, country specifically airline leadership a for with and each that that are leases damaged is the our is Airbus broader While out solution industry on of fighting recovery. governments vital severely the talk tariffs of
absolutely hopeful industry challenges, timing are than and these China encouraging. to Zealand balls. passenger tariffs in now traffic recovery Despite pre-COVID the neared and exceeded we good growing a more Korea, recently, be resurgence the XXXX months the Vietnam, restrictions, levels. believe recovery, traffic eliminating and that of that in intra-Europe We cases during state's leave domestic We doubt pent-up has the summer your trends own both Europe to sides airline travel Brazil I We Russia was found. recently all recently The on has crystal Mexico. and solution And has the traffic retreated while domestic no optimistic Atlantic will domestic is levels ever, traffic New see even will most of there and have in demand. due recover. leisure
young day long-term restrictions we travel barriers due have for of on the Here supporting single country numbers airline stronger Reflecting requirements upcoming mid-March. aircraft U.S., time own a we obstacle. Country quarantine to see dropped this for reached throughput and October, ALC. in first a order demand also for TSA million biggest off trend the optimism, in the bookings customers the in remain and continue And differentiator $X relationships traveler our per and with be traveler our in since north holidays. the the in to to U.S.,
airlines as to and resize fleets. modernize conversations around opportunity world a this indicate using they their onetime Our are with the that
goals. looking environment Astute sustainability and environmentally airlines opportunity at -- to and and are efficiency accelerate sustainable this
focused explains XXXX, much a environmentally towards coupled very engaged This, conversations foreseeable leasing. significantly balance 'XX those why shift our handicapped order and modern, sheets book as are witnessing delivering in and friendly resources, we aircraft future are airlines from in the the with are airline capital on further We fuel-efficient and 'XX. being in
has of considerably. It industry. one leasing this fact, the of role and emerged aspect has the pandemic crisis is clearly, In strengthened that
the to For and provides a airlines provider the industry needed many years, leasing and I have buffer said that OEMs. much capital
before We are way. unfold a major today seeing that in our eyes
stronger Steve call any role additional than voice our the with that, stronger and over Our past. turn for is commentary. let to Steve? is And at time the me in
