AerSale Reports Fourth Quarter and Full Year 2020 Results

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Go back to AerSale Reports Fourth Quarter and Full Year 2020 Results

AerSale Corporation (ASLE) Reports Q4 Revenues Beat; Offers FY21 Revenues Guidance Above Consensus

March 15, 2021 4:40 PM EDT

AerSale Corporation (NASDAQ: ASLE) reported Q4 revenue for the quarter came in at $49.4 million versus the consensus estimate of $45.5 million.

Reported fourth quarter 2020 revenue of $49.4 million

Fourth quarter GAAP net income was $0.6 million and full year 2020 net income was $8.5 million.Adjusted EBITDA reflected benefits from the CARES Act, cost reductions in response to COVID-19, and strong performance in the Companys aircraft MRO business.

Looking forward to 2021, the Company expects continued growth driven by anticipated strong MRO volume due to the recommissioning of commercial aircraft, a return of whole asset sales... More