AARNYSE: AIR

Airbus Group (EPA:AIR) is cutting up to 2,500 jobs in its defence and space business due to tough competition and "rapid changes in warfare". The French aircraft maker said it planned to axe around 7% of the division's workforce by the middle of 2026.

AIR, BZH and BRY have been added to the Zacks Rank #5 (Strong Sell) List on October 1, 2024.

Trax has proudly provided WestJet Airlines with aircraft maintenance solutions for more than 20 years and has now transitioned the airline to the web-based Trax eMRO product, eMobility apps, and Trax Cloud hosting to boost users' ability to work from anywhere on their mobile devices. MIAMI , Sept.

AAR Corp. reported robust year-over-year sales growth of 20.4% in 1Q25, driven by increased demand and volume in the commercial aerospace sector, particularly within its parts supply segment. The company is well-positioned to benefit from the recovery in air traffic and aging fleets, which are driving the demand for aftermarket services. MRO demand is expected to exceed supply by the end of the decade, providing strong growth potential for the company.

Despite underperforming the S&P 500, AAR's robust aftermarket demand and capacity expansions suggest significant upside, maintaining a buy rating with an $86 FY26 price target. Sales grew 20% in Q1 FY25, driven by commercial and defense sectors, though gross profit growth was limited by contract and customer mix. Risks include operating at capacity limits and lower USM sales due to airplane shortages, but efficiency improvements and capacity expansions offer growth potential.

WOOD DALE, Ill. , Sept. 26, 2024 /PRNewswire/ -- AAR CORP.

BERKSHIRE, England , Sept. 25, 2024 /PRNewswire/ -- AAR CORP.

AAR Corp. (NYSE:AIR ) Q1 2025 Earnings Conference Call September 23, 2024 5:00 PM ET Company Participants John Holmes - Chairman, President and CEO Sean Gillen - Chief Financial Officer Conference Call Participants Scott Mikus - Melius Research Michael Ciarmoli - Truist Securities Kenneth Herbert - RBC Capital Markets Louie DiPalma - William Blair Operator Good afternoon, everyone, and welcome to AAR's Fiscal 2025 First Quarter Earnings Call. We're joined today by John Holmes, Chairman, President, and Chief Executive Officer; and Sean Gillen, Chief Financial Officer.

First quarter sales of $662 million, up 20% over the prior year First quarter GAAP diluted earnings per share of $0.50 compared to a loss per share of $0.02 in Q1 FY2024 First quarter adjusted diluted earnings per share of $0.85, up 9% from $0.78 in Q1 FY2024 Sales growth of 20% in both our commercial and government businesses WOOD DALE, Ill. , Sept. 23, 2024 /PRNewswire/ -- AAR CORP.