AerSale Q3 2024 Earnings Report
Key Takeaways
AerSale Corporation reported a decrease in revenue for Q3 2024, totaling $82.7 million compared to $92.5 million in Q3 2023. However, the company saw an increase in GAAP net income, reporting $0.5 million compared to a net loss of $0.1 million in the prior year period. Excluding flight equipment sales, revenue increased 26.0% year over year to $60.1 million. Adjusted EBITDA increased to $8.2 million from $1.9 million in the prior year.
Revenue was $82.7 million, down from $92.5 million in the prior year period.
GAAP net income was $0.5 million, compared to a GAAP net loss of $0.1 million in the prior year period.
Adjusted EBITDA was $8.2 million, up from $1.9 million in the prior year period.
Excluding flight equipment sales, revenue increased 26.0% year over year.
AerSale
AerSale
Forward Guidance
AerSale anticipates significant cash generation as they focus on monetizing feedstock and the 757 conversion program, along with driving incremental revenue through MRO facilities as expansion projects come on line.