AerSale Sees FY23 Revenue $400M-$420M Vs $411.11M Est
Portfolio Pulse from Benzinga Newsdesk
AerSale has revised its FY23 revenue guidance to $400M-$420M, down from the estimated $411.11M. The company attributes this to softer demand in the freight market and supply chain issues affecting the availability of USM and flight equipment. The guidance also includes flight equipment sales scheduled to close by year-end, which may shift to Q1 2024 due to transaction volume and tight closing time frames. The guidance does not include potential sales of AerAware, which is awaiting FAA approval.
November 08, 2023 | 10:47 pm
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AerSale's revised FY23 revenue guidance is lower than previously estimated, potentially due to softer demand and supply chain issues. This could impact the company's stock performance in the short term.
AerSale's revised revenue guidance is lower than previously estimated, indicating potential challenges in the company's operations. This includes softer demand in the freight market and supply chain issues, which could negatively impact the company's financial performance and, consequently, its stock price. Additionally, the potential shift of year-end sales to Q1 2024 could delay revenue recognition, further impacting the stock.
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