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Jun 30, 2021
AerSale Q2 2021 Earnings Report
AerSale's Q2 2021 results were reported, demonstrating strong revenue growth and profitability.
Key Takeaways
AerSale Corporation reported a significant increase in revenue for Q2 2021, reaching $91.9 million compared to $45.4 million in Q2 2020. The company also achieved a GAAP net income of $16.5 million, a substantial improvement from the net loss of $7.9 million in the same quarter last year. The increase was driven by flight equipment sales and maintenance work.
Revenue reached $91.9 million, a significant increase from the previous year.
GAAP net income was $16.5 million, or 18.0% of revenues, a turnaround from a net loss in the previous year.
Adjusted EBITDA was $30.4 million, or 33.1% of revenues, compared to $12.9 million in the previous year.
Flight equipment sales included three aircraft, one airframe, and two engines.
Forward Guidance
AerSale anticipates revenue of $340–$360 million and adjusted EBITDA of $60-$70 million in 2021.
Positive Outlook
- Improvement in activity in the Company’s AMS segment
- Strong demand for its on-airport MRO services
- Accelerating demand in cargo and E-Commerce markets
- Increased requests for passenger-to-freighter conversions
- Increased contribution from its component MRO businesses driven by the aviation recovery.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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