AerSale reported an operating profit of $12.5 million for the second quarter of 2025, swinging from an operating loss of $1.9 million a year prior. Net profit totalled $8.6 million, up from a net loss of $3.6 million.
“We delivered encouraging results in the second quarter, with revenue increasing 39.3% to $107.4 million, driven by flight equipment sales and continued strength in our core business activities,” said AerSale CEO Nick Finazzo. “Our strategic focus on monetizing flight equipment and expanding our service offerings has yielded significant improvement in adjusted EBITDA to $18.3 million from $3.2 million in the prior year priod.”
The company's revenues increased to $76.3 million in the period, compared to $41.8 million in the second quarter of 2024. This was driven by higher flight equipment sales, strong used serviceable materials (USM) demand, and its more robust leasing portfolio. Flight equipment sales totalled $33.4 million and asset management solutions sales were up 79.5% to $42.9 million.
AerSale noted that flight equipment sales were more volatile and said progress should be monitored based on USM sales and maintenance, repair, and overhaul (MRO) activity.
The company's MRO division TechOps reported revenues of $31.1 million, decreasing 11.9% compared to last year. The decline was attributable to the conclusion of its “significant customer contract” at the company's facility in Goodyear, Arizona. Additionally, the company's Roswell, New Mexico facility transitioned from providing heavy maintenance to performing storage and decommission, which contributed to the decline.
The decrease in heavy MRO was partially offset by new short-term contracts awarded at the Goodyear facility and higher service revenues from the company's aerostructures and landing gear MROs, as well as its engineered solutions product, AerSafe.
Gross margin was 32.9% in the second quarter, improving from 28.2% in the same period.
Eight engines were sold in the quarter and feedstock acquisitions were $27.1 million with an additional $31.4 million under contract.
“Looking ahead, we remain well-positioned to capitalise on market opportunities with our strong inventory position and expanded operational capabilities as we continue to execute on our strategic initiatives through 2025,” said Finazzo.
Management said in its earnings call it expects to build on the first half with “incremental financial improvement” in the second half.