Willis Lease Finance Corporation announced on August 5, 2025, its financial results for the second quarter ended June 30, 2025, reporting its strongest quarter ever. Total revenue reached a record $195.5 million, marking a 29.4% increase compared to $151.1 million in Q2 2024.
Net income attributable to common shareholders was $59.0 million, with diluted earnings per share of $8.43. Core lease rent and maintenance reserve revenues totaled $123.0 million, up 4% year-over-year, driven by an increased average utilization rate of 88.3% at quarter-end.
Spare parts and equipment sales surged by 390.7% to $30.4 million, including a $21.1 million sale of one engine. The company also realized a $27.6 million gain from the sale of 14 engines and two airframes from its lease portfolio, and a significant $43.0 million gain from the sale of Bridgend Asset Management Limited to its WMES joint venture.
While total expenses climbed by 72.3% to $167.2 million, including a 45.4% rise in general and administrative costs and a 36.7% increase in net finance costs, the underlying performance remained exceptional. Cash and restricted cash substantially increased to $782.6 million, up from $132.5 million at December 31, 2024, reflecting strong cash generation.
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