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Symbol CAE
Shares Issued 266,218,930
Close 2019-08-15 C$ 33.35
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FP/wire say CAE sees strong demand when MAX jets fly

2019-08-15 09:50 ET - In the News

The Financial Post reports in its Thursday, Aug. 15, edition that CAE expects strong demand from airlines for pilot training when Boeing Co.'s grounded 737 MAX jets are cleared to fly, chief executive officer Marc Parent told analysts Wednesday, after the Canadian training specialist reported lower-than-expected quarterly earnings. A Reuters dispatch to the Post reports that CAE, the world's largest civil aviation training company, reported higher costs and a near 30-per-cent fall in quarterly operating income from its second-largest defence and security business, but said its full-year outlook for fiscal 2020 remains on schedule. The shares fell as much as 14 per cent but pared losses to end down 4.6 per cent at $34.17, giving it a market value of $9.1-billion. The Montreal-based company also sees demand from carriers as air traffic rises and the supply of commercial pilots remains limited.

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