Aersale Corporation Stock Price, News & Analysis

AerSale Corporation (NASDAQ: ASLE) will announce its earnings results for the first quarter ending March 31, 2023 on May 9, 2023, after market close. A conference call will follow at 4:30 pm ET where management will discuss these results. Interested participants can join the call by dialing 1-888-886-7786 for U.S. callers or 1-416-764-8658 for international participants. An online webcast will be available on the AerSale website. A replay of the call will be accessible until May 23, 2023. AerSale specializes in aftermarket services for large aircraft, providing solutions to enhance operational efficiency for aircraft operators, including MRO, leasing, and engineered solutions like AerSafe.

AerSale Corporation (Nasdaq: ASLE) announced the appointment of Andrew Levy, Founder and CEO of Avelo Airlines, to its Board of Directors, effective April 15, 2023. Levy brings over 30 years of experience in the aviation sector, having led airlines to profitability and served at notable firms such as Allegiant Air and United Airlines. His addition will temporarily expand the board to 11 members. Concurrently, board members Eric J. Zahler and Sai S. Devabhaktuni will retire, while Michael Kirton will not seek re-election due to reduced ownership by Leonard Green & Partners. The board will be reduced to eight members after the 2023 annual stockholders meeting.

AerSale Corporation (NASDAQ: ASLE) reported a 20% revenue increase to $408.5 million for 2022, with GAAP net income rising 21.4% to $43.9 million.

Flight equipment sales included 12 aircraft, contributing significantly to growth. Revenue guidance for 2023 is projected at $460-$490 million, with adjusted EBITDA of $70-$80 million.

The fourth quarter revealed a decline in revenue to $95.1 million from $116.8 million year-over-year, primarily due to fluctuating flight equipment sales. Although adjusted EBITDA decreased to $17.7 million from $28.6 million, the company is focused on its 757 P2F program and the anticipated AerAware product launch.

AerSale Corporation (NASDAQ: ASLE) will release its fourth-quarter earnings for the period ended December 31, 2022, on March 6, 2023, after market close. A conference call is scheduled for 4:30 PM ET on the same day to discuss the results. Participants can join the call by dialing 1-877-407-3982 (international callers: 1-201-493-6780). A live webcast will also be available via the company's website. A replay will be accessible until March 20, 2023.