AerSale Reports Second Quarter 2026 Results
Rhea-AI Summary
AerSale (Nasdaq: ASLE) reported second quarter 2026 revenue of $70.9 million, down 33.9% from $107.4 million a year earlier, primarily due to the absence of Flight Equipment sales and lower USM volume. Net result swung to a $5.6 million loss from $8.6 million income, with adjusted net loss of $4.3 million.
Adjusted EBITDA declined 87.9% to $2.2 million (3.1% margin). Asset Management Solutions revenue fell 51.3% to $37.1 million, while Technical Operations revenue grew 8.7% to $33.8 million, supported by a new long-term CRJ maintenance program and AerSafe® demand. Gross margin decreased to 22.9% from 32.9%.
AerSale ended June 30, 2026 with $34.0 million in liquidity, including $2.2 million of cash and $31.8 million of availability on its revolver, inventory of $376.0 million, and aircraft and engines held for lease of $133.0 million. Year-to-date operating cash outflow was $33.5 million.
Positive
- Technical Operations revenue increased 8.7% YoY to $33.8 million in Q2 2026
- Leasing revenue rose to $12.4 million from $8.2 million year over year
- Lease portfolio expansion to 18 engines and three B757 freighters on lease
- AerSafe® demand remained strong ahead of the November 2026 FAA compliance deadline
- Liquidity access of $34.0 million, including $31.8 million undrawn on revolving credit facility
- Signed and pending transactions include a ~$35 million 737 sale and commitments for three engine sales
Negative
- Total revenue declined 33.9% YoY to $70.9 million in Q2 2026
- Asset Management Solutions revenue fell 51.3% YoY to $37.1 million
- Adjusted EBITDA dropped 87.9% YoY to $2.2 million, a 3.1% margin
- Net income shifted to a $5.6 million loss from $8.6 million profit
- Gross margin compressed to 22.9% from 32.9% in the prior-year quarter
- Operating cash flow used $33.5 million year-to-date, reflecting losses and inventory investment
News Explained
The release adds an approximately $35.0 million aircraft sale and three engine-sale closing milestones, plus one completed and one scheduled freighter lease delivery.
Alongside its reported second-quarter results, AerSale identifies a Boeing 737 aircraft sale valued at approximately
The release separately reports that a fourth B757 freighter was delivered on lease in July, while a fifth lease agreement was executed with delivery scheduled for August. In plain terms, the disclosures place the fourth freighter at delivery, the fifth lease at agreement but pending delivery, and the engine sales at expected future closings.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 07 | First-quarter earnings | Positive | -10.6% | Revenue growth and improved loss accompanied a 10.64% earnings decline. |
| Mar 05 | Full-year earnings | Positive | -11.8% | Full-year EBITDA growth and profitability coincided with an 11.75% decline. |
| Nov 06 | Third-quarter earnings | Negative | -12.1% | Lower revenue and a net loss accompanied a 12.09% decline. |
| Aug 06 | Second-quarter earnings | Positive | +23.2% | Revenue growth, net income, and EBITDA expansion accompanied a 23.21% gain. |
| May 07 | First-quarter earnings | Negative | -12.5% | Revenue decline and net loss accompanied a negative 12.5% earnings reaction. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Earnings-tag history showed declines after three negative or mixed reports, while two positive reports also diverged with declines.
Key Terms
mro technical
adjusted ebitda financial
airworthiness directive regulatory
non-gaap financial measures financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Second Quarter 2026 Highlights
- Revenue of
$70.9 million versus$107.4 million in the prior year period - Net loss of
$5.6 million versus net income of$8.6 million in the prior year period - Adjusted net loss1 of
$4.3 million versus adjusted net income of$9.4 million in the prior year period - Adjusted EBITDA1 of
$2.2 million versus adjusted EBITDA of$18.3 million in the prior year period - Feedstock acquisitions of
$5.6 million versus$27.1 million in the prior year period - Inventory of
$376.0 million at June 30, 2026 - Aircraft and engines held for lease2 of
$133.0 million
MIAMI, Aug. 06, 2026 (GLOBE NEWSWIRE) -- AerSale Corporation (Nasdaq: ASLE) (“AerSale” or the “Company”) today reported second quarter 2026 financial results.
Second Quarter 2026 Results of Operations
During the Second Quarter of 2026, we continued to work through our strategic initiatives that are focused on monetizing our asset base, scaling our MRO operations, and growing the more recurring revenue streams of our business. This has resulted in short-term impacts to our earnings. Comparisons to the second quarter of the prior year are skewed primarily due to
| (in thousands, except per-share amount) | ||||||||||||||||||||||
| (Unaudited) | ||||||||||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||||||||
| 2026 | 2025 | Percent Change | 2026 | 2025 | Percent Change | |||||||||||||||||
| Asset Management Solutions | $ | 37,121 | $ | 76,265 | (51.3 | ) | % | $ | 80,267 | $ | 115,478 | (30.5 | ) | % | ||||||||
| Technical Operations | 33,811 | 31,117 | 8.7 | % | 61,279 | 57,680 | 6.2 | % | ||||||||||||||
| Total revenue | $ | 70,932 | $ | 107,382 | (33.9 | ) | % | $ | 141,546 | $ | 173,158 | (18.3 | ) | % | ||||||||
| Net (loss) income | (5,570 | ) | 8,575 | (165.0 | ) | % | (9,020 | ) | 3,298 | (373.5 | ) | % | ||||||||||
| Adjusted net (loss) income (1) | (4,252 | ) | 9,437 | (145.1 | ) | % | (4,186 | ) | 6,772 | (161.8 | ) | % | ||||||||||
| Adjusted EBITDA (1) | 2,211 | 18,271 | (87.9 | ) | % | 9,571 | 21,445 | (55.4 | ) | % | ||||||||||||
| Diluted (loss) earnings per share | (0.12 | ) | 0.18 | (166.7 | ) | % | (0.19 | ) | 0.07 | (371.4 | ) | % | ||||||||||
| Adjusted diluted (loss) earnings per share (1) | (0.09 | ) | 0.20 | (145.0 | ) | % | (0.09 | ) | 0.14 | (164.3 | ) | % | ||||||||||
| Feedstock acquisitions | $ | 5,582 | $ | 27,110 | (79.4 | ) | % | $ | 30,638 | $ | 70,549 | (56.6 | ) | % | ||||||||
The Company’s revenue for the second quarter of 2026 was
Adjusted EBITDA1 in the second quarter of 2026 decreased by
As a reminder to investors, the Company’s revenue may significantly fluctuate from quarter-to-quarter and year-to-year based on the timing of Flight Equipment sales and, therefore, performance should also be monitored based on the more recurring aspects of our business, which includes leasing, USM and MRO activities. Excluding Flight Equipment sales, revenue decreased
Nicolas Finazzo, Chief Executive Officer at AerSale, stated, “Our second quarter results reflect timing, not trajectory. Results were impacted by Flight Equipment sales shifting into the second half of the year and the use of sellable USM to support the overhaul of Flight Equipment. We also continued to invest ahead of demand, adding labor at our Goodyear facility ahead of anticipated volume and building our workforce to support the ramp-up of our new CRJ multi-line program in Millington. This weighed on results in the near term, but we believe positions us well for the anticipated demand ahead. We remain encouraged by underlying demand across our platform and expect these benefits to materialize in the second half.”
Mr. Finazzo continued, “We expect meaningful improvement to our earnings and liquidity in the second half of 2026, driven by several recent wins during and subsequent to the second quarter, including a Boeing 737 aircraft sale valued at approximately
Asset Management Solutions Segment (“AMS”) revenue decreased
Technical Operations (“TechOps”) revenue increased
Gross margin decreased to
Selling, general, and administrative expenses were
Loss from operations was
Income tax benefit was
Net loss for the second quarter of 2026 was
Diluted loss per share was
AerSale ended the quarter with liquidity of
Conference Call Information
The Company will host a conference call today, August 6, 2026 at 4:30 pm Eastern Time to discuss these results. A live audio webcast will be available to the public on a listen-only basis at https://ir.aersale.com/news-events/events. An archived replay of the webcast will also be available on the Investors portion of the AerSale website at https://ir.aersale.com/ for one year.
Non-GAAP Financial Measures
This press release includes non-GAAP financial measures, including adjusted EBITDA, adjusted net income (loss), and adjusted basic and diluted earnings (loss) per share. AerSale defines adjusted EBITDA as net income (loss) excluding interest expense, net, depreciation and amortization, income tax (expense) benefit, and other non-cash, non-recurring or unusual items. Adjusted net income (loss) is defined as net income (loss) excluding mark-to-market adjustments relating to our private warrants, share-based compensation expense, inventory write-offs and other non-cash, non-recurring or unusual items. Adjusted basic and diluted earnings (loss) per share is adjusted net income divided by the basic and diluted weighted average number of shares outstanding during the measurement period.
AerSale believes these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to AerSale’s financial condition and results of operations. AerSale’s management uses certain of these non-GAAP measures to compare AerSale’s performance to that of prior periods for trend analyses and for budgeting and planning purposes. These non-GAAP measures should not be construed as an alternative to net income (loss) or net income (loss) margin as an indicator of operating performance or as an alternative to cash flow provided by operating activities as a measure of liquidity (each as determined in accordance with GAAP).
You should review AerSale’s financial statements, and not rely on any single financial measure to evaluate AerSale’s business. Other companies may calculate adjusted EBITDA, adjusted net income (loss), or adjusted basic and diluted earnings (loss) per share differently, and therefore AerSale’s adjusted EBITDA, adjusted net income (loss), and adjusted basic and diluted earnings (loss) per share measures may not be directly comparable to similarly titled measures of other companies.
Reconciliations of net income (loss) and basic and diluted earnings (loss) per share, the Company’s closest GAAP measures, to adjusted EBITDA, adjusted net income (loss), and adjusted basic and diluted earnings (loss) per share, are outlined in the tables below following the Company’s condensed consolidated financial statements.
End Notes
(1) Adjusted net income (loss), adjusted EBITDA and adjusted basic and diluted earnings (loss) per share are non-GAAP measures. See “Non-GAAP Financial Measures” above and “Adjusted EBITDA, Adjusted Net (Loss) Income and Adjusted Basic and Diluted (Loss) Earnings Per Share Reconciliation Table” at the end of this press release for a discussion of why we believe these non-GAAP measures are useful together with a detailed reconciliation of these measures to their most directly comparable GAAP (Generally Accepted Accounting Principles) measures.
(2) Aircraft and engines held for lease refers to the financial statement line item Aircraft and engines held for lease, net within the Condensed Consolidated Balance Sheet, which is comprised of the cost of the assets net of accumulated depreciation.
Second Quarter 2026 Financial Results
| AERSALE CORPORATION AND SUBSIDIARIES Condensed Consolidated Statements of Operations (in thousands, except share and per share data) (Unaudited) | ||||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
| Revenue: | ||||||||||||||||
| Products | $ | 32,083 | $ | 74,589 | $ | 67,387 | $ | 111,711 | ||||||||
| Leasing | 12,362 | 8,231 | 24,208 | 15,732 | ||||||||||||
| Services | 26,487 | 24,562 | 49,951 | 45,715 | ||||||||||||
| Total revenue | 70,932 | 107,382 | 141,546 | 173,158 | ||||||||||||
| Cost of sales and operating expenses: | ||||||||||||||||
| Cost of products | 24,473 | 50,630 | 48,496 | 78,269 | ||||||||||||
| Cost of leasing | 4,230 | 2,651 | 8,693 | 5,659 | ||||||||||||
| Cost of services | 25,955 | 18,764 | 49,202 | 35,928 | ||||||||||||
| Total cost of sales | 54,658 | 72,045 | 106,391 | 119,856 | ||||||||||||
| Gross profit | 16,274 | 35,337 | 35,155 | 53,302 | ||||||||||||
| Selling, general and administrative expenses | 21,024 | 22,823 | 43,237 | 47,435 | ||||||||||||
| (Loss) income from operations | (4,750 | ) | 12,514 | (8,082 | ) | 5,867 | ||||||||||
| Other (expense) income: | ||||||||||||||||
| Interest expense, net | (2,451 | ) | (2,452 | ) | (4,581 | ) | (3,633 | ) | ||||||||
| Other income, net | 2 | 134 | 1,009 | 2,022 | ||||||||||||
| Change in fair value of warrant liability | - | 131 | - | 74 | ||||||||||||
| Total other expense, net | (2,449 | ) | (2,187 | ) | (3,572 | ) | (1,537 | ) | ||||||||
| (Loss) income before income tax provision | (7,199 | ) | 10,327 | (11,654 | ) | 4,330 | ||||||||||
| Income tax benefit (expense) | 1,629 | (1,752 | ) | 2,634 | (1,032 | ) | ||||||||||
| Net (loss) income | $ | (5,570 | ) | $ | 8,575 | $ | (9,020 | ) | $ | 3,298 | ||||||
| (Loss) earnings per share: | ||||||||||||||||
| Basic | $ | (0.12 | ) | $ | 0.18 | $ | (0.19 | ) | $ | 0.07 | ||||||
| Diluted | $ | (0.12 | ) | $ | 0.18 | $ | (0.19 | ) | $ | 0.07 | ||||||
| Weighted average shares outstanding: | ||||||||||||||||
| Basic | 47,348,476 | 46,914,100 | 47,294,858 | 49,596,045 | ||||||||||||
| Diluted | 47,348,476 | 47,092,413 | 47,294,858 | 49,782,764 | ||||||||||||
| AERSALE CORPORATION AND SUBSIDIARIES Condensed Consolidated Balance Sheet (in thousands, except share data) (Unaudited) | ||||||
| June 30, | December 31, | |||||
| 2026 | 2025 | |||||
| Current assets: | ||||||
| Cash and cash equivalents | $ | 2,201 | $ | 4,379 | ||
| Accounts receivable, net of allowance for credit losses of | 46,394 | 42,654 | ||||
| Income tax receivable | 1,126 | 1,728 | ||||
| Inventory: | ||||||
| Aircraft, airframes, engines, and parts | 227,179 | 205,379 | ||||
| Advance vendor payments | 6,366 | 5,679 | ||||
| Deposits, prepaid expenses, and other current assets | 13,141 | 9,170 | ||||
| Total current assets | 296,407 | 268,989 | ||||
| Fixed assets: | ||||||
| Aircraft and engines held for lease, net | 133,029 | 102,361 | ||||
| Property and equipment, net | 31,517 | 32,006 | ||||
| Inventory: | ||||||
| Aircraft, airframes, engines, and parts | 148,868 | 158,385 | ||||
| Operating lease right-of-use assets | 27,525 | 30,130 | ||||
| Deferred income taxes | 11,184 | 8,784 | ||||
| Deferred financing costs, net | 825 | 1,024 | ||||
| Other assets | 578 | 586 | ||||
| Goodwill | 19,860 | 19,860 | ||||
| Other intangible assets, net | 17,268 | 18,347 | ||||
| Total assets | $ | 687,061 | $ | 640,472 | ||
| Current liabilities: | ||||||
| Accounts payable | $ | 44,722 | $ | 29,645 | ||
| Accrued expenses | 9,462 | 7,233 | ||||
| Income tax payable | 203 | 329 | ||||
| Lessee and customer purchase deposits | 2,025 | 780 | ||||
| Current operating lease liabilities | 3,828 | 4,313 | ||||
| Current portion of long-term debt | 993 | 993 | ||||
| Deferred revenue | 817 | 530 | ||||
| Deferred insurance proceeds | 28,610 | 28,610 | ||||
| Total current liabilities | 90,660 | 72,433 | ||||
| Revolving credit facility | 146,152 | 110,053 | ||||
| Long-term debt | 788 | 1,284 | ||||
| Long-term lease deposits | 3,610 | 3,492 | ||||
| Long-term operating lease liabilities | 26,090 | 28,190 | ||||
| Maintenance deposit payments and other liabilities | 1,093 | 589 | ||||
| Total liabilities | 268,393 | 216,041 | ||||
| Stockholders’ equity: | ||||||
| Common stock, | 5 | 5 | ||||
| Additional paid-in capital | 279,986 | 276,729 | ||||
| Retained earnings | 138,677 | 147,697 | ||||
| Total stockholders' equity | 418,668 | 424,431 | ||||
| Total liabilities and stockholders’ equity | $ | 687,061 | $ | 640,472 | ||
| AERSALE CORPORATION AND SUBSIDIARIES Condensed Consolidated Statements of Cash Flows (in thousands) (Unaudited) | ||||||||
| Six Months Ended June 30, | ||||||||
| 2026 | 2025 | |||||||
| Cash flows from operating activities: | ||||||||
| Net (loss) income | $ | (9,020 | ) | $ | 3,298 | |||
| Adjustments to reconcile net income to net cash used in operating activities | ||||||||
| Depreciation and amortization | 11,779 | 9,471 | ||||||
| Amortization of debt issuance costs | 199 | 191 | ||||||
| Amortization of operating lease assets | 20 | 104 | ||||||
| Inventory reserve | 3,440 | 1,579 | ||||||
| Deferred income taxes | (2,400 | ) | 1,010 | |||||
| Change in fair value of warrant liability | - | (74 | ) | |||||
| Share-based compensation | 3,120 | 1,828 | ||||||
| Changes in operating assets and liabilities: | ||||||||
| Accounts receivable | (3,740 | ) | (9,887 | ) | ||||
| Income tax receivable | 602 | 12 | ||||||
| Inventory | (52,064 | ) | (42,878 | ) | ||||
| Deposits, prepaid expenses, and other current assets | (3,971 | ) | (780 | ) | ||||
| Other assets | 8 | 7 | ||||||
| Advance vendor payments | (687 | ) | 1,906 | |||||
| Accounts payable | 15,077 | 829 | ||||||
| Income tax payable | (126 | ) | - | |||||
| Accrued expenses | 2,159 | 2,675 | ||||||
| Deferred revenue | 287 | (151 | ) | |||||
| Lessee and customer purchase deposits | 1,363 | 1,566 | ||||||
| Deferred insurance proceeds | - | 3,700 | ||||||
| Other liabilities | 477 | 158 | ||||||
| Net cash used in operating activities | (33,477 | ) | (25,436 | ) | ||||
| Cash flows from investing activities: | ||||||||
| Proceeds from sale of assets | - | 1,750 | ||||||
| Acquisition of aircraft and engines held for lease, including capitalized costs | (2,645 | ) | (1,922 | ) | ||||
| Purchase of property and equipment | (1,796 | ) | (3,587 | ) | ||||
| Net cash used in investing activities | (4,441 | ) | (3,759 | ) | ||||
| Cash flows from financing activities: | ||||||||
| Proceeds from long-term debt | - | 220 | ||||||
| Repayments of long-term debt | (496 | ) | (302 | ) | ||||
| Proceeds from revolving credit facility | 125,799 | 195,874 | ||||||
| Repayments of revolving credit facility | (89,700 | ) | (120,600 | ) | ||||
| Payments of debt issuance costs | - | (114 | ) | |||||
| Purchase of treasury stock | - | (45,000 | ) | |||||
| Proceeds from the issuance of Employee Stock Purchase Plan shares | 137 | 195 | ||||||
| Taxes paid related to net share settlement of equity awards | - | (29 | ) | |||||
| Net cash provided by financing activities | 35,740 | 30,244 | ||||||
| (Decrease) increase in cash and cash equivalents | (2,178 | ) | 1,049 | |||||
| Cash and cash equivalents, beginning of period | 4,379 | 4,698 | ||||||
| Cash and cash equivalents, end of period | $ | 2,201 | $ | 5,747 | ||||
| Supplemental disclosure of cash activities | ||||||||
| Income tax (refunds) payments, net | $ | (398 | ) | $ | 165 | |||
| Interest paid | $ | 4,501 | $ | 3,462 | ||||
| Supplemental disclosure of noncash investing activities | ||||||||
| Reclassification of inventory to equipment held for lease, net | $ | 36,341 | $ | 2,583 | ||||
| Reclassification of inventory to property and equipment, net | $ | - | $ | 4,454 | ||||
| AERSALE CORPORATION AND SUBSIDIARIES Adjusted EBITDA, Adjusted Net (Loss) Income and Adjusted Basic and Diluted (Loss) Earnings Per Share Reconciliation Table (in thousands, except per and percentage share data) (Unaudited) | |||||||||||||||||||||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||||||||||||
| % of Total | % of Total | % of Total | % of Total | ||||||||||||||||||||||||||||||
| 2026 | Revenue | 2025 | Revenue | 2026 | Revenue | 2025 | Revenue | ||||||||||||||||||||||||||
| Reported net (loss) income | $ | (5,570 | ) | (7.9 | ) | % | $ | 8,575 | 8.0 | % | $ | (9,020 | ) | (6.4 | ) | % | $ | 3,298 | 1.9 | % | |||||||||||||
| Addbacks: | |||||||||||||||||||||||||||||||||
| Change in fair value of warrant liability | - | - | % | (131 | ) | (0.1 | ) | % | - | - | % | (74 | ) | (0.0 | ) | % | |||||||||||||||||
| Share-based compensation | 1,318 | 1.9 | % | 668 | 0.6 | % | 3,120 | 2.2 | % | 1,828 | 1.1 | % | |||||||||||||||||||||
| Payroll taxes related to share-based compensation | - | - | % | - | - | % | - | - | % | 18 | 0.0 | % | |||||||||||||||||||||
| Inventory write-off | - | - | % | - | - | % | 1,615 | 1.1 | % | - | - | % | |||||||||||||||||||||
| Facility relocation costs | - | - | % | 409 | 0.4 | % | 130 | 0.1 | % | 767 | 0.4 | % | |||||||||||||||||||||
| Restructuring costs | - | - | % | 18 | 0.0 | % | - | - | % | 1,072 | 0.6 | % | |||||||||||||||||||||
| Legal settlement | - | - | % | - | - | % | - | - | % | 400 | 0.2 | % | |||||||||||||||||||||
| Income tax effect of adjusting items (1) | - | - | % | (102 | ) | (0.1 | ) | % | (31 | ) | (0.0 | ) | % | (537 | ) | (0.3 | ) | % | |||||||||||||||
| Adjusted net (loss) income | $ | (4,252 | ) | (6.0 | ) | % | $ | 9,437 | 8.8 | % | $ | (4,186 | ) | (3.0 | ) | % | $ | 6,772 | 3.9 | % | |||||||||||||
| Interest expense, net | 2,451 | 3.5 | % | 2,452 | 2.3 | % | 4,581 | 3.2 | % | 3,633 | 2.1 | % | |||||||||||||||||||||
| Income tax (benefit) expense | (1,629 | ) | (2.3 | ) | % | 1,752 | 1.6 | % | (2,634 | ) | (1.9 | ) | % | 1,032 | 0.6 | % | |||||||||||||||||
| Depreciation and amortization | 5,641 | 8.0 | % | 4,528 | 4.2 | % | 11,779 | 8.3 | % | 9,471 | 5.5 | % | |||||||||||||||||||||
| Reversal of income tax effect of adjusting items (1) | - | - | % | 102 | 0.1 | % | 31 | 0.0 | % | 537 | 0.3 | % | |||||||||||||||||||||
| Adjusted EBITDA | $ | 2,211 | 3.1 | % | $ | 18,271 | 17.0 | % | $ | 9,571 | 6.8 | % | $ | 21,445 | 12.4 | % | |||||||||||||||||
| Reported basic (loss) earnings per share | $ | (0.12 | ) | $ | 0.18 | $ | (0.19 | ) | $ | 0.07 | |||||||||||||||||||||||
| Addbacks: | |||||||||||||||||||||||||||||||||
| Change in fair value of warrant liability | - | (0.00 | ) | - | (0.00 | ) | |||||||||||||||||||||||||||
| Share-based compensation | 0.03 | 0.01 | 0.07 | 0.04 | |||||||||||||||||||||||||||||
| Payroll taxes related to share-based compensation | - | - | - | 0.00 | |||||||||||||||||||||||||||||
| Inventory write-off | - | - | 0.03 | - | |||||||||||||||||||||||||||||
| Facility relocation costs | - | 0.01 | 0.00 | 0.02 | |||||||||||||||||||||||||||||
| Restructuring costs | - | 0.00 | - | 0.02 | |||||||||||||||||||||||||||||
| Legal settlement | - | - | - | 0.01 | |||||||||||||||||||||||||||||
| Income tax effect of adjusting items | - | (0.00 | ) | (0.00 | ) | (0.01 | ) | ||||||||||||||||||||||||||
| Adjusted basic earnings (loss) earnings per share | $ | (0.09 | ) | $ | 0.20 | $ | (0.09 | ) | $ | 0.14 | |||||||||||||||||||||||
| Reported diluted (loss) earnings per share | $ | (0.12 | ) | $ | 0.18 | $ | (0.19 | ) | $ | 0.07 | |||||||||||||||||||||||
| Addbacks: | |||||||||||||||||||||||||||||||||
| Change in fair value of warrant liability | - | (0.00 | ) | - | (0.00 | ) | |||||||||||||||||||||||||||
| Share-based compensation | 0.03 | 0.01 | 0.07 | 0.04 | |||||||||||||||||||||||||||||
| Payroll taxes related to share-based compensation | - | - | - | 0.00 | |||||||||||||||||||||||||||||
| Inventory write-off | - | - | 0.03 | - | |||||||||||||||||||||||||||||
| Facility relocation costs | - | 0.01 | 0.00 | 0.02 | |||||||||||||||||||||||||||||
| Restructuring costs | - | 0.00 | - | 0.02 | |||||||||||||||||||||||||||||
| Legal settlement | - | - | - | 0.01 | |||||||||||||||||||||||||||||
| Income tax effect of adjusting items | - | (0.00 | ) | (0.00 | ) | (0.01 | ) | ||||||||||||||||||||||||||
| Adjusted diluted earnings (loss) earnings per share | $ | (0.09 | ) | $ | 0.20 | $ | (0.09 | ) | $ | 0.14 | |||||||||||||||||||||||
(1) The income tax effect of current period adjusting items is calculated at the Company's applicable statutory rate of
Forward Looking Statements
This press release includes “forward-looking statements”. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements other than statements of historical facts contained in this press release may constitute forward-looking statements, and include, but are not limited to, statements regarding our anticipated financial performance, including anticipations regarding improved financial results as a result of our recently awarded long-term CRJ maintenance contract and greater demand for AerSale’s USM business and fluctuations in our revenue including third quarter demand for AerSafe®; expectations regarding feedstock and commercial demand; our growth trajectory; the expected operating capacity of our MRO facilities and demand for such services; and the sufficiency of our liquidity. AerSale’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” or the negative of these or other similar expressions are intended to identify such forward-looking statements. The forward-looking statements in this press release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. You should carefully consider the foregoing factors and the other risks and uncertainties described in the Risk Factors, Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC"), and its other filings with the SEC, including its subsequent quarterly reports on Form 10-Q. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Moreover, we operate in an evolving environment. New risk factors and uncertainties may emerge from time to time, and it is not possible for management to predict all risk factors and uncertainties.
Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and we qualify all of our forward-looking statements by these cautionary statements. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise.
About AerSale
AerSale is a global provider of integrated aviation aftermarket services and solutions, serving operators of Boeing, Airbus, and legacy McDonnell Douglas aircraft. The Company helps aircraft owners and operators optimize the value, safety, and operational efficiency of their fleets across the entire aircraft lifecycle.
AerSale’s comprehensive capabilities include aircraft and engine sales and leasing, used serviceable material (USM) sales, component and airframe MRO services, and FAA-certified engineered solutions. Through internally developed products such as AerSafe®, AerTrak®, and the AerAware™ Enhanced Flight Vision System, AerSale delivers innovative technologies that enhance aircraft performance, improve safety, and reduce operating costs.
With deep technical expertise and a fully integrated business model, AerSale provides everything customers need—through a single, trusted partner.
Media:
For more information about AerSale, please visit our website: www.AerSale.com.
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AerSale: Jackie Carlon
Telephone: (305) 764-3200
Email: media.relations@aersale.com
Investor:
AerSale: investorrelations@aersale.com
Source: AerSale Corporation
