AerSale Reports Third Quarter 2026 Results
Key Highlights
- ➤Revenue $91.6 million, up 28.6% year over year and from $70.9 million in Q2
- ➤Net loss $15.0 million, including a $13.4 million non-cash goodwill impairment charge
- ➤Adjusted EBITDA $8.6 million, down from $9.5 million in the prior-year period
- ➤$35 million Boeing 737 sale committed to the U.S. Marshals Service for Q4
- ➤Liquidity $23.1 million, including $3.9 million cash and $19.2 million revolver capacity
Expert Statements
Nicolas Finazzo, Chief Executive Officer at AerSale
“The initiatives we have undertaken since early 2025 to make inventory and Flight Assets ready for sale or lease, optimize our sales force, invest in technology, and complete major facilities expansion projects, are taking hold. As such, our third quarter operational results improved meaningfully over the second quarter. Five of our seven 757 freighters are now on lease. We are using advanced analytics to strengthen USM sales by rapidly identifying the most cost-efficient way to make USM ready for sale. In TechOps, we have similarly created advanced analytics that have identified the factors affecting output and profitability at Millington, Goodyear, and our Component MRO shops, which should improve the efficiency of our workforce and increase utilization of our available capacity.”
Nicolas Finazzo, Chief Executive Officer at AerSale
“We enter the fourth quarter with a well-defined Flight Equipment pipeline expected to close before year end. We have commitments for a $35 million sale of a Boeing 737 aircraft to the U.S. Marshals Service, and other customers for engines now in the final stages of restoration. Together with our expanded lease portfolio and a clear path to monetizing the inventory we have built, we expect a significantly stronger fourth quarter.”
Third Quarter 2026 Highlights * Revenue of $91.6 million versus $71.2 million in the prior year period * Net loss of $15.0 million, which includes a $13.4 million non-cash goodwill impairment charge, versus a net loss of $0.1 million in the prior year period * Adjusted net loss(1) of $1.1 million versus adjusted net income(1) of $1.5 million in the prior year period * Adjusted EBITDA(1) of $8.6 million versus $9.5 million in the prior year period * Feedstock acquisitions of $7.1 million versus $13.7 million in the prior year period * Inventory of $334.1 million as of September 30, 2026 * Aircraft and engines held for lease(2) of $165.9 million MIAMI, Nov. 05, 2026 (GLOBE NEWSWIRE) -- AerSale Corporation (Nasdaq: ASLE) (“AerSale” or the “Company”) today reported third quarter 2026 financial results.
During the third quarter of 2026, we continued to focus on our strategic initiatives of monetizing our asset base, scaling our Maintenance, Repair, and Overhaul (“MRO”) operations, and growing recurring revenue streams of our business. Revenue and adjusted EBITDA improved sequentially from the second quarter. Flight Equipment sales in the quarter consisted of one whole engine. The sale of a Boeing 737 aircraft and additional engines previously expected to occur in the third quarter are now expected to close in the fourth quarter.
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