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Sep 30, 2021
AerSale Q3 2021 Earnings Report
AerSale experienced increased revenue driven by flight equipment sales but reported a net loss due to non-cash expenses.
Key Takeaways
AerSale reported a revenue increase to $73.3 million, driven by flight equipment sales, but had a GAAP net loss of $1.6 million due to non-cash equity compensation and mark-to-market costs. Adjusted Net Income was $9.2 million and Adjusted EBITDA was $13.9 million.
Revenue increased to $73.3 million.
GAAP net loss was $1.6 million, while Adjusted Net Income reached $9.2 million.
Adjusted EBITDA was $13.9 million, representing 18.9% of revenues.
Company updated 2021 guidance, projecting revenue of $320 - $340 million and adjusted EBITDA of $80 - $90 million.
AerSale
AerSale
Forward Guidance
AerSale expects revenue of $320–$340 million and adjusted EBITDA of $80-$90 million in 2021.
Positive Outlook
- Improvement in the AMS segment
- Ongoing demand for on-airport MRO services
- Accelerating demand in cargo and E-Commerce markets
- Increased requests for passenger-to-freighter conversions
- Increased contribution from demand for its AerSafe product