Thank all I'm per EPS us that joining you, revenue report during total first diluted Good Jason. afternoon we share. today. for of $XXX pleased and in generated thank and $X.XX the million quarter you to
of our growth First a this operating was offset elevated strong in for partially fleet more will by in Greg by was moment. quarter which record This primarily another driven quarter. cover ALC, revenue detail the increase expenses
to aircraft our flight $X.X the of adding new sold billion during two XX quarter, purchased We sheet approximately equipment aircraft. balance and
commercial reflecting remains aircraft continued for utilization in the high Our at demand our XX.X%, strong new rate fleet. the
we deliveries our XX% placed through XX% XXXX and placed order total today, of our of are As of book.
accelerate to in continue strong and we've recent to seems quarters, only rise. demand As customer volumes traffic airline as is commented
in also And well. We offering a snapped narrow-body XXXX short until lease sold being a beyond. are also out upward rapid have scheduled XXXX Airbus deliveries and slots as and at on handful increasingly pace place impetus rates. and for only of largely to aircraft yet supply, Boeing are up to widebodies XXXX are
we of witnessing reflecting that Now lease lease to strength in on constrained new and extensions supply at see aircraft, present. placements, environment rates, the used we're continue high topic the placements of demand and
with XXX Air only XX relative to Lease, have in our fleet, maturities young our fleet aircraft. lease XXXX, we For of
So be happy impactful we strength this we not that extending is rates. statements at a with think year. our to this financial something But illustrates will market that do trend is it attractive leases and meaningfully noteworthy are
remain bigger deliveries time lines. higher outlook were than on somewhat picture OEM first cautious new guided we aircraft our the we for While quarter, delivery in
has Boeing us to we We one are schedules through In have rate and deliveries. to to for for notices expect recent delays weeks, years their additional XXXX received to delivery XXXX, and several indeed delays as expect both persist fully XXXX achieve Airbus from delay contracted to compared being of our production dates increases. originally ability OEM advised according actual revised delivery as
launch the right XLR customer, pushed that months. to AXXX example, time out for further to an XX by As the program get line we're XX seeing for
for deliveries, our frustrating to have from ourselves clearly we existing and value benefit a and fleet deliveries serve the receiving. of are delayed does this aspect, our While scarcity the customers to
Our as delivery a outlook for XXXX, these circumstances. product therefore, of remains fluid
at or $XX meaningful fleet billion of I turn, range, still of just in commercial fleet that deliveries offer we at of expect contracted would on end $X like a range as that not to to growth we aircraft, of billion us billion ordered. as aircraft to continue our the acquired this either to be the So existing $X year. of does note scheduled
approximately right stands aircraft of billion for quarter As it we now, $X.X year. second the of expect deliveries this
as on further will progresses. our year the We outlook update delivery you
sales. aircraft to Turning
quarter, sales during While year. aircraft the the with this the throughout expect year we of increase pace the two largest the remainder aircrafts to completed of half volumes of see the of we second sales only
and continue between Our of $X year. billion pipeline this in to aircraft for of the sales sell to remains robust to billion we $X expect remainder
grounding. pause even been prior more on sales MAX We to to effectively sales remain product a excited steady as return our program the given pandemic to of the activity has
ownership X/X commercial the new reminder, over first our aircraft a their we of of lives. economic As target
So component year. become in to we any of certain given a would our candidates expect sale fleet for
picture comment on briefly operating the bigger to like I'd Lastly, environment.
see of deployment a airlines pullback week before week-long pressures Atlantic, advise Lufthansa, record -- sight; upcoming themes no most current most Most third, their plants busy a passenger numbers UK, a and despite largely frustrate of the remains Europe, are power see on-wing that TAP, inflationary new of group visits on-week to engines diverse infrastructure globally: OEMs. these of engine the with Virgin engine and yield labor visiting same shop summer and requiring of life of Swiss, earlier technology last, frustrate for traffic key whom with continue shortages, passenger environment ours. in with TUI that completed engine life Norwegian, originally efforts and lessees The trip demand yet airlines, Portugal I to second, including looming operations of shorter first, and growing we availability strong healthy promised the season; they than the aircraft pilots, their to grow constraints including by serve aircraft continues the in
delivered the overhauls future With global diverting on for and rapid has escalation to increasing maxed than shortage all and may out current address OEM meet engines engine the they quantities maintain and are OEMs, in OEMs aircraft capabilities existing spare production support more engine rate repairs. goals higher impact shop largely this leads Boeing. fewer production single-aisle times by which engine production engine to engines, of problems, airframe This cost To these visits aircraft lead Airbus greater production to engines field. repair to for and times of led rates a as new
engines is operating most it. coverage bodes this illustrating more have the another in the a by a aircraft And SAF, and their fleets, at fourth focus in sustainability, on further call well yet demand that to as stepped-up aspect aviation more of a shop With for fuel-efficient ALC. focus aircraft underpinning rounded number final now many point engine awaiting the raised the continued with fuel, and the adds aircraft aircraft picture additional on we need airlines to of replacements, sustainable the airlines
week take a X.X Lease, our weighted and $XX aircraft having our of these advantage lessor youngest with aircraft well Airbus have aimed to just fuel help in new billion fleet our delivery the kerosene only us industry-leading having with These key we Boeing of from agreement the benefit years. in proposal. SAF at aviation this amounts for the to increasing Air Aviation positive suppliers in requiring welcomed by Europe, sector fact, Commission as for called broader average reached European XXXX. trends as to of Fuel of need past order EU airlines blend and very decarbonize The are a In that rules slots existing aircraft the that in Renew factors political all a new are industry book
soon can't aircraft Airlines from the manufacturers. anytime need they these and them get
the which for place the we buying or a only momentum ours We current who is aircraft aircraft for are for handful supports lessors advantage tremendous aircraft. lease lessors airline ALC the in Boeing to the only is and new continue is have strategic largest used further in multiple among ours of largest And on -- we and over as cases, environment. time. commercial the same order rates Airbus many and of This slot focusing have a the books same customers delivery
fleet for financial seen does statements our these aircraft remind be I existing in time owned largely struck and we deals would with our XXXX of XXX taking reflect in aircraft you take are current that new the deliveries it impacts in to XXXX.
picture, bullish big and future the outlook. confident remain in on we So our
offer on in the Steve? turn the will the business. like I'd and to over Now, commentary industry to Hazy, performance more our Steve who of call success airline