# Willis Lease Sets Q3 2026 Revenue Record as Common-Share Income Falls 55%

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/47737
Published: 2026-11-03T14:02:33.000Z
Updated: 2026-11-03T14:02:33.000Z
Section: Business

> Spare parts and equipment sales climbed to $98.1 million, while diluted earnings per share fell to $0.47 from $1.08.

Willis Lease Finance Corporation (Nasdaq: WLFC) posted record revenue of $246.322 million for the third quarter ended Sept. 30, 2026, up 34.3% from the same period a year earlier. Income attributable to common shareholders dropped 55.3% to $10.228 million, and diluted earnings per share fell to $0.47 from $1.08.

Spare parts and equipment sales totaled $98.131 million, compared with $5.394 million a year earlier. Equipment sales made up $89.1 million of the total and included five aircraft, two engines and one airframe. The five aircraft, acquired in the WNG acquisition, were sold to Willis Lease’s joint venture, Willis Mitsui & Company Engine Support Limited; Willis Lease served in a warehouse capacity for the sale.

Lease rent revenue increased 10.2% to $84.379 million. Maintenance reserve revenue fell 48.3% to $39.326 million, while long-term maintenance revenue was $2.6 million, down from $29.5 million a year earlier. The year-earlier quarter included higher maintenance reserves and end-of-lease payments for assets leaving lease with long-term conditions.

The quarter’s revenue mix included $98.1 million in spare parts and equipment sales, above the $84.4 million generated by lease rent. Willis Lease rents commercial aircraft and engines to airlines, engine manufacturers, and businesses that maintain, repair and overhaul equipment. Leasing is its core business.

CEO Austin Willis said, “We expect profits in our core leasing business to accelerate as we realize economies of scale.”