AerSale Reports Positivity in Q4 with Plans for 2025 Growth

Published 2 days agoASLE

AerSale Reports Positivity in Q4 with Plans for 2025 Growth

AerSale Corporation has released its financial results for the fourth quarter and full year of 2024, showcasing notable improvements. The company's revenue for the fourth quarter increased slightly to $94.7 million from $94.4 million the previous year. A turnaround was observed in GAAP net income, which reached $2.7 million, up from a $2.7 million loss during the same period last year. Adjusted EBITDA saw more than a twofold increase from $6.0 million in the fourth quarter of 2023 to $13.0 million. A 92% rise in asset management revenue, excluding whole asset sales, was driven by higher leasing and USM volumes.

Overall, for the year 2024, AerSale generated $345.1 million in total revenue, marking a 3.2% rise from $334.5 million in 2023. Adjusted EBITDA for the year increased to $33.4 million, compared to $12.3 million the year before. The company reported $142.8 million in liquidity by year-end, which includes $4.7 million in cash and $138.1 million available via its revolving credit facility. According to Reuters, these financial improvements set the stage for AerSale's planned operational expansion in 2025.

Looking ahead to 2025, CEO Nick Finazzo indicated a strong start to the year, fueled by an optimistic commercial landscape and significant demand for aircraft parts and services. AerSale plans to initiate several expansion projects, enhancing their lease pool and capitalizing on a solid market for AerSafe™. With these strategies, AerSale aims to leverage the growth momentum from 2024 to sustained long-term success.

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