AerSale Corporation Q3 2025 Earnings Recap

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.