Business
Willis Lease Finance Corporation Reports Record Second Quarter 2025 Financial Results
Delivers Record Pre-Tax Income of $74.3 Million and Record Quarterly Revenue of $195.5 Million COCONUT CREEK, Fla., Aug. 05, 2025 (GLOBE NEWSWIRE) -- Willis
About this update from Willis Lease Finance Corporation
[{"type":"text","content":"Delivers Record Pre-Tax Income of $74.3 Million and Record Quarterly Revenue of $195.5 Million\nCOCONUT CREEK, Fla., Aug. 05, 2025 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”), the leading lessor of commercial aircraft engines and global provider of aviation services, today announced its financial results for the second quarter ended June 30, 2025. Second Quarter 2025 Highlights (All metrics compared to second quarter 2024, except where noted) Record quarterly total revenue of $195.5 million, an increase of 29.4%Record quarterly pre-tax income of $74.3 millionLease rent revenue of $72.3 million, an increase of 29.4%Strong maintenance reserve revenue of $50.7 million with short-term recurring maintenance reserve revenue up 9.5%Spare parts and equipment sales of $30.4 million, an increase of $24.2 million$43.0 million gain on sale of aviation consultancy business to Willis Mitsui & Company Engine Support Limited (“WMES”) joint venturePortfolio utilization increased to 88.3% at quarter end, compared to 76.7% at year end 2024 For the three months ended June 30, 2025, total revenue was $195.5 million, up 29.4% as compared to $151.1 million for the same period in 2024. For the second quarter of 2025, core lease rent and maintenance reserve revenues were $123.0 million in the aggregate, up 4% as compared to $118.8 million for the same period in 2024. The growth was predominantly driven by core, recurring lease and maintenance revenues associated with the continued strength of the aviation marketplace, as airlines leverage the Company’s leasing, parts and maintenance capabilities to avoid protracted, expensive engine shop visits. “Quarter 2 was WLFC’s strongest quarter ever,” said Austin C. Willis, Chief Executive Officer of WLFC, “Even when adjusting for unique events on both the revenue and expense side, the underlying performance of the business, demonstrated by record lease revenues, increased utilization and solid recurring reserves, was exceptional.” Second Quarter 2025 Operating Results Engines on lease with “non-reimbursable” usage fees generated $50.2 million of short-term maintenance revenues for the quarter ended June 30, 2025, compared to $45.9 million for the quarter ended June 30, 2024, an increase of $4.4 million or 9.5%. The increase reflects an increase in the number of e...