Financial Data and Key Metrics Changes - For Q1 2025, total revenue was $157.7 million, a 33% increase from the same quarter in 2024, with pretax income of $25.3 million [11][12] - Average utilization for the quarter was 79.9%, ending at over 86%, indicating effective revenue generation from off-lease engine purchases [3][12] - The total owned portfolio size increased to $2.82 billion as of March 31, 2025 [12] - Maintenance reserve revenues rose to $54.9 million, up 25% from the prior year [12][14] - Net income attributable to common shareholders was $15.5 million, with diluted earnings per share at $2.21 [20] Business Line Data and Key Metrics Changes - Core lease rent revenue for the quarter was $67.7 million, with interest revenue at $3.9 million [11][12] - Fair parts and equipment sales surged by 455% to $18.2 million, driven by demand for surplus materials [15] - Maintenance service revenue was $5.6 million, showing slight growth from the previous year [16] Market Data and Key Metrics Changes - The company noted robust demand for its products and services both domestically and internationally, despite macroeconomic uncertainties [9] - The average lease rate factor across the portfolio remained stable at 1.0% [12] Company Strategy and Development Direction - The company is focused on expanding its core leasing business and enhancing maintenance capabilities to support airlines [4][5] - Notable transactions included purchasing 30 additional LEAP engines and a new constant thrust deal with Air India Express [5][6] - A joint venture to build an engine test facility in Florida was announced to address industry testing capacity shortages [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business model and ability to create value despite macroeconomic challenges [4][9] - The company is prepared to adapt to potential changes in the operating environment due to tariffs and market volatility [9][10] Other Important Information - The company declared its fourth consecutive quarterly dividend of $0.25 per share, reflecting strong cash flow characteristics [23] - Total debt obligations increased from $1.7 billion to $2.2 billion, with leverage decreasing to 3.31 times [19][23] Q&A Session Summary Question: Impact of tariffs on operations - Management indicated minimal impact from tariffs on both import parts and leasing revenue, with most parts sourced internally [25][26] Question: Market values and lease rates under potential tariff escalation - Management speculated that asset inflation could occur, with older assets potentially appreciating due to increased costs of new engines [28][30] Question: Spare parts market dynamics - The company noted a strong demand for used serviceable materials, with a strategic approach to either repair or part out unserviceable engines [37][39] Question: Clarification on maintenance reserve liabilities - Management confirmed that the increase in maintenance reserve liabilities reflects probable lease extensions and will be recognized as revenue once engines are returned [52][55] Question: Utilization rate and lease mix - The utilization rate improved significantly, with a consistent mix of long-term and short-term leases maintained around 50% [59][60]

Financial Data and Key Metrics Changes - In Q1 2025, the company reported total revenue of $157.7 million, a 33% increase from the same quarter in 2024, with pretax income of $25.3 million [3][12] - Average utilization for the quarter was 79.9%, ending at over 86%, indicating effective revenue generation from off-lease engine purchases [3][12] - The total owned portfolio size increased to $2.82 billion as of March 31, 2025, with portfolio utilization rising from 76.7% at year-end 2024 to 86.4% [12][13] - Maintenance reserve revenues increased by 25% to $54.9 million compared to the prior year [12][14] - Net income attributable to common shareholders was $15.5 million, with diluted earnings per share at $2.21 [21] Business Line Data and Key Metrics Changes - Core lease rent revenue for the quarter was $67.7 million, with interest revenue at $3.9 million [12][13] - Fair parts and equipment sales surged by 455% to $18.2 million, driven by demand for surplus materials [12][15] - Maintenance service revenue was $5.6 million, showing slight growth from the previous year [12][18] Market Data and Key Metrics Changes - The company noted robust demand for its products and services both domestically and internationally, despite macroeconomic uncertainties [10] - The company is prepared for potential changes due to market volatility, particularly concerning tariffs [10] Company Strategy and Development Direction - The company announced three notable transactions aimed at enhancing its service offerings: purchasing 30 additional LEAP engines, a new constant thrust deal with Air India Express, and a joint venture to build an engine test facility in Florida [5][6][9] - The strategy focuses on providing efficient solutions to airlines and maintaining a portfolio of in-demand assets [5][6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business model and the ability to lead in value creation despite macroeconomic concerns [4][10] - The company is well-structured to manage potential tariff impacts and has a deep understanding of customer needs [10][76] Other Important Information - The company paid its fourth consecutive quarterly dividend of $0.25 per share [4][23] - Total debt obligations increased from $1.7 billion to $2.2 billion year-over-year, with leverage decreasing to 3.31 times [20][23] Q&A Session Summary Question: Impact of tariffs on operations - Management indicated minimal impact from tariffs on both import parts and leasing revenue, with most parts sourced internally [25][26][27] Question: Market values and lease rates under potential tariff escalation - Management speculated that asset inflation could occur, with older assets potentially appreciating due to increased costs of new engines [29][32][33] Question: Trends in the used serviceable market - Management noted a strong demand for used serviceable materials and discussed the decision-making process for repairing versus tearing down engines [38][39][40] Question: Clarification on spare parts and equipment sales - Management clarified that equipment sales refer to trading activities, distinct from leased assets [41][44] Question: Utilization rate and GTF engines - Management confirmed that the increase in utilization was influenced by the leasing of GTF engines acquired late in Q4 2024 [46][48] Question: Long-term maintenance revenues and liabilities - Management explained that maintenance reserve liabilities represent future revenue from long-term leases, which will be recognized upon engine returns [54][56] Question: Employee growth relative to asset base - Management attributed the increase in headcount to the expansion of service businesses, particularly in engine MRO operations [72][74]

Revenue Performance - Total revenue for Q1 2025 reached $157.7 million, an increase of 32.5% compared to $119.1 million in Q1 2024[3] - Core lease rent and maintenance reserve revenues totaled $122.6 million, up 27% from $96.8 million in the same period last year[3] - Maintenance reserve revenue increased to $54.9 million, a rise of 25% compared to $43.9 million in Q1 2024[5] - Spare parts and equipment sales surged to $18.2 million, a significant increase of 454.7% from $3.3 million in Q1 2024[9] Income and Expenses - Pre-tax income for Q1 2025 was $25.3 million, reflecting a decrease of 15.5% from $29.9 million in Q1 2024[17] - General and administrative expenses rose by 61.3% to $47.7 million, largely due to consultant fees related to the sustainable aviation fuel project[11] Asset and Portfolio Management - The book value of lease assets was $3,219.9 million as of March 31, 2025[12] - The lease portfolio as of March 31, 2025, was valued at $2,819.5 million, a decrease from $2,872.3 million at the end of 2024[13] - Portfolio utilization improved to 86.4% at the end of Q1 2025, compared to 76.7% at the end of 2024[7] Dividends - The company declared a quarterly dividend of $0.25 per share, payable on May 22, 2025[2]

"The JOLCO market remains an attractive way to diversify financing options and we're proud to deepen our relationship with Japanese counterparties," said Scott B. Flaherty, WLFC EVP and Chief Financial Officer. "Through global capital sources like this, WLFC is able to offer our airline customers compelling lease and financing solutions." COCONUT CREEK, Fla., April 29, 2025 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) ("WLFC" or the "Company"), the leading lessor of commercial aircraf ...

Company Overview - Willis Lease Finance Corporation (WLFC) is a leading lessor of commercial aircraft engines and a global provider of aviation services [1][4] - The company operates through various subsidiaries, including Willis Aviation Services Limited (WASL), which specializes in aircraft maintenance, repair, and overhaul (MRO) services [1][4] Expansion Plans - WASL has commenced construction of a new two-bay narrowbody hangar at Teesside International Airport, aimed at accommodating 737 and A320 family aircraft, including new-generation models [1][2] - This expansion is a response to the exceptionally high demand for aircraft heavy maintenance, with global and European MRO capacity currently falling short [2] Job Creation and Training Initiatives - The new facility is expected to create a significant number of highly-skilled jobs in the Teesside region [2] - WASL is partnering with local universities and colleges to launch training programs for new mechanics and apprentices, ensuring a sustainable talent pipeline for the aviation industry [2][3] Commitment to Community - The company has made a commitment to create several hundred jobs in Northeast England and is actively following through on this pledge [3] - WLFC's integrated services support both third-party customers and the company's owned and managed assets, contributing to growth and opportunities in local communities [3]

COCONUT CREEK, Fla., April 22, 2025 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”) plans to announce its financial results for the first quarter of 2025 on Tuesday, May 6, 2025. WLFC plans to hold a conference call led by members of WLFC’s executive management team on Tuesday, May 6, 2025, at 10:00 a.m. Eastern Daylight Time to discuss its first quarter 2025 results. Individuals wishing to participate in the conference call should dial: US and Canada (800) 289-0459, Internation ...

WSF remains committed to the aviation industry's transformation to a more sustainable future by investing in, developing and producing scalable solutions to decarbonize aviation. For more information on WSF, visit www.willissustainablefuels.com. COCONUT CREEK, Fla., March 31, 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 that its subsidiary, Willis ...

Group 1 - The article discusses Willis Lease Finance Corporation (NASDAQ: WLFC) and its stock performance, which was noted as unsatisfactory in the previous year [1] - The analysis is part of a broader investment research service focused on the aerospace, defense, and airline industries, aiming to identify investment opportunities [1] - The author emphasizes the importance of data-informed analysis in understanding the complex dynamics of the aerospace sector and its growth prospects [1] Group 2 - The investing group provides access to data analytics monitors, enhancing the ability to track industry developments and their potential impact on investment strategies [1]

COCONUT CREEK, Fla., March 27, 2025 (GLOBE NEWSWIRE) -- Air India Express ("AIX"), a wholly owned subsidiary of Air India, has signed definitive engine sale and leaseback agreements with Willis Lease Finance Corporation (NASDAQ:WLFC) ("WLFC" or the "Company") for 26 CFM56-7B engines installed on 13 of its Boeing 737-800 aircraft. The engines will be covered under WLFC's ConstantThrust® program providing enhanced reliability and significant cost savings compared to traditional MRO shop visits. This program i ...

COCONUT CREEK, Fla., March 27, 2025 (GLOBE NEWSWIRE) -- Air India Express (“AIX”), a wholly owned subsidiary of Air India, has signed definitive engine sale and leaseback agreements with Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”) for 26 CFM56-7B engines installed on 13 of its Boeing 737-800 aircraft. The engines will be covered under WLFC’s ConstantThrust® program providing enhanced reliability and significant cost savings compared to traditional MRO shop visits. This program ...