AerSale Reports Fourth Quarter and Full Year 2020 Results
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AerSale Corporation (ASLE) Reports Q4 Revenues Beat; Offers FY21 Revenues Guidance Above Consensus
March 15, 2021 4:40 PM EDTAerSale 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
