AIR - AAR Corp.: Looking Ahead Towards A Recovery In Air Travel To Drive Growth
- AAR Corp. reported its fiscal Q2 results highlighted by better-than-expected EPS driven by cost controls and savings initiatives.
- Ongoing weak global commercial air travel is limiting demand for parts and maintenance services, balanced by continued growth from government and defense customers.
- Management is encouraged that the COVID-19 vaccine will allow for an industry recovery through next year supporting a positive, long-term outlook.
- The company needs air travel to recover, but is well-positioned to benefit from its market leadership position and overall solid fundamentals.
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AAR Corp.: Looking Ahead Towards A Recovery In Air Travel To Drive Growth