AerSale Corporation Earnings Recaps
Q1 2026
May 8, 2026
Shares fell 10.4% following the quarter, reflecting investor disappointment with margin compression driven by early-stage inefficiencies at new MRO facilities, lower MRO parts sales, and revenue declines in aircraft storage. Despite revenue growth, cautious execution and subdued operational leverage weighed on sentiment.
Key takeaways
- Revenue increased 7.4% year-over-year to $70.6 million, with leasing and TechOps growth partially offset by reduced USM sales.
- Adjusted EBITDA rose 131.9% to $7.4 million from the prior-year period, but margin pressure arose due to start-up costs and inefficiencies at new MRO sites in Tennessee and Florida.
- Leasing portfolio expanded with 3 Boeing 757 freighters on lease (plus one under letter of intent) and 18 engines on lease, benefiting from higher average lease rates and utilization.
- TechOps revenue grew through new maintenance agreements and facility expansions, but was negatively impacted by lower MRO parts sales and fewer aircraft in storage at the Roswell facility.
- Management reaffirmed focus on asset deployment, inventory monetization, and scaling MRO operations though near-term margin headwinds remain from ongoing ramp-up costs.
Q3 2025
Nov 8, 2025
AerSale Corp. reported third-quarter revenue of $71.2 million, reflecting a 13.5% year-over-year decline primarily due to the absence of whole asset sales, though the core business exhibited solid growth of 18.5%.
Key takeaways
- Adjusted EBITDA improved to $9.5 million (13.3% of sales) from $8.2 million (10.0% of sales) year-over-year, driven by better leasing contributions and cost reduction initiatives.
- Asset Management segment revenue grew nearly 40.9% excluding whole asset transactions, fueled by strong USM volume and leasing activity, with 15 engines and 1,757 freighter aircraft now under lease.
- The company maintains a robust feedstock inventory of $371.1 million, ensuring a solid foundation for future growth amid limited market supply.
- TechOps segment revenue remained stable, bolstered by increased sales of component parts, with ongoing discussions for long-term contracts to enhance volume visibility.
- Progress on the 757 passenger to freighter conversion program continues, with one aircraft currently leased and plans for additional placements underway, reflecting heightened market interest.