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Stock impact report

AerSale Reports First Quarter 2021 Results

AerSale Corporation (ASLE) 
Company Research Source: Business Wire
First Quarter 2021 HighlightsRevenue of $58.4 million.GAAP net income of $10.0 million, or 17.1% of sales.Adjusted EBITDA of $16.5 million, or 28.3% of sales.Continued strong demand for freighters and improving commercial activity.AerAware flight testing by FAA in progress.Finalizing the sale/lease of 18 Boeing 757s.2021 guidance unchanged: revenue of $340 - $360 million and adjusted EBITDA of $60 - $70 million1. MIAMI--(BUSINESS WIRE)--AerSale Corporation (Nasdaq: ASLE) (the “Company”) today reported results for the first quarter ended March 31, 2021.AerSale reported first quarter 2021 revenue of $58.4 million that included $13.8 million of flight equipment sales consisting of one B737-800 airframe and two Pratt & Whitney PW4000 engines sold to three different freighter operators, and one Pratt & Whitney PW4000 sold for parts. Revenue performance continued to improve during the period, with near capacity MRO maintenance schedules, at capacity storage facilities, and contributions Show less Read more
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