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Stock impact report

CAE foresees ‘major disruptions’ this quarter due to COVID-19 pandemic [Toronto Globe and Mail (Ontario, Canada)]

CAE, Inc (CAE)  More Company Research Source: Toronto Globe and Mail
Last cae, inc earnings: 2/7 08:23 am Check Earnings Report
US:NYSE Investor Relations: cae.com/investors
PDF CAE foresees ‘major disruptions’ this quarter due to COVID-19 pandemic CAE fourth quarter results were announced Friday. Graham Hughes/The Canadian Press CAE fourth quarter results were announced Friday. Flight simulator maker CAE Inc. saw profits fall six per cent last quarter due to the impact of the COVID-19 pandemic – and the turbulence isn’t over. “As we look to the fiscal year ahead, we believe it will be a tale of two halves, with the first half of the year marked by sharply lower demand and major disruptions to our operations, and the second half slightly more positive as markets potentially begin to reopen and travel restrictions ease,” chief executive Mark Parent said in a release Friday. The concerns follow “a material disruption” to the firm in the quarter ended March 31 as the pandemic continues to pummel the aviation industry amid border shutdowns and plunging demand, with most carriers imposing a pilot hiring freeze and broader cost reduction schemes. The virus has h [Read more]
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