Aersale Corp is a specialized aviation services company that focuses on the acquisition, leasing, and disassembly of commercial and cargo aircraft
The company provides a wide range of services, including aftermarket support, parts sales, and aircraft storage, catering to airlines and other aviation stakeholders globally. With a strong emphasis on sustainability, Aersale also engages in environmentally responsible practices by recycling aircraft components and reducing waste. Through its comprehensive offerings, Aersale aims to optimize the lifecycle of aircraft and meet the evolving needs of the aviation industry.
AerSale currently trades at $6.36 per share and has shown little upside over the past six months, posting a small loss of 2.5%. The stock also fell short of the S&P 500’s 10% gain during that period.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the aerospace industry, including Astronics (NASDAQATRO) and its peers.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how AerSale (NASDAQASLE) and the rest of the aerospace stocks fared in Q3.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the aerospace industry, including Boeing (NYSEBA) and its peers.
Aerospace and defense company AerSale (NASDAQASLE) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 10.6% year on year to $82.68 million. Its non-GAAP profit of $0.04 per share was also 25% below analysts’ consensus estimates.
AerSale Corporation (Nasdaq: ASLE) (the “Company”) today reported results for the third quarter ended September 30, 2024. The Company’s revenue for the third quarter of 2024 was $82.7 million compared to $92.5 million in the third quarter of 2023. In the current period, the Company sold $22.6 million of flight equipment, compared to $44.8 million in the prior-year. Flight equipment sales in the third quarter of 2024 consisted of five engines and no aircraft compared to seven engines and a P2F converted Boeing 757 aircraft in the prior year period. Excluding flight equipment sales, revenue increased 26.0% year over year to $60.1 million, driven by strong commercial demand, improved feedstock and a supportive MRO environment which continued to drive volume. As a reminder to investors, the Company revenue is likely to fluctuate from quarter-to-quarter and year-to-year based on flight equipment sales and therefore, progress should be monitored based on MRO activity, asset purchases and related sales.
AerSale Corporation (NASDAQASLE) (the “Company”) announced today that it will release its earnings results for the third quarter ended September 30, 2024, on Thursday, November 7, 2024, after the market closes. The Company will host a conference call on the same day at 4:30 pm Eastern Time to discuss the results.
AerSale Corporation (NASDAQASLE) (the “Company”), today announced that the Company’s Chief Financial Officer, Martin Garmendia, will present at the Jefferies Industrials Conference on Thursday, September 5, 2024 at 1:55 pm ET, as well as host investor meetings on both days of the conference.
AerSale Corporation (Nasdaq: ASLE) (the “Company”) today reported results for the second quarter ended June 30, 2024. The Company’s revenue for the second quarter of 2024 was $77.1 million compared to $69.3 million in the second quarter of 2023. Revenue for the second quarter of 2024 included $17.9 million of flight equipment sales compared to $17.6 million of flight equipment sales in the prior-year period. Flight equipment sales in the second quarter of 2024 consisted of five engines compared to four engines and two unserviceable airframes in the prior year period. The increase in sales was primarily the result of higher volume of USM sold and strong MRO revenue amid a robust commercial backdrop. As a reminder to investors, the Company’s revenues are likely to fluctuate from quarter-to-quarter and year-to-year based on flight equipment sales and therefore, progress should be monitored based on MRO activity, asset purchases and related sales.
AerSale Corporation (NASDAQASLE) (the “Company”) announced today that it will release its earnings results for the second quarter ended June 30, 2024, on Wednesday, August 7, 2024, after the market closes. The Company will host a conference call on the same day at 4:30 pm Eastern Time to discuss the results.
AerSale Corporation (NASDAQASLE) (the “Company”), a leading provider of aviation products and services, proudly announces the opening of its newest location in Millington, Tennessee, with its first aircraft induction. This strategic expansion marks a significant milestone in AerSale's commitment to serving its customers and enhancing its MRO capabilities to better support the global commercial aviation industry.
AerSale Corporation (Nasdaq: ASLE) (the “Company”) today reported results for the first quarter ended March 31, 2024. The Company’s revenue for the first quarter of 2024 was $90.5 million compared to $78.3 million in the first quarter of 2023. Revenue for the first quarter of 2024 included $38.6 million of flight equipment sales compared to $27.7 million of flight equipment sales in the prior-year period. Flight equipment sales in the first quarter of 2024 consisted of one aircraft and four engines, compared to two cargo aircraft (a 737 and 757), and one engine in the first quarter of 2023. Higher sales were primarily the result of the pacing of flight equipment sales, a higher volume of USM sold and strong MRO revenue amid a robust commercial backdrop. As a reminder to investors, the Company’s revenues are likely to fluctuate from quarter-to-quarter and year-to-year based on flight equipment sales and therefore, progress should be monitored based on MRO activity, asset purchases and related sales.
AerSale Corporation (NASDAQASLE) (the “Company”) announced today that it will release its earnings results for the first quarter ended March 31, 2024, on Wednesday, May 8, 2024, after the market closes. The Company will host a conference call on the same day at 4:30 pm Eastern Time to discuss the results.
