company AIR - SteadyBase

steadybase-$ company AIR

account_id none on file

legal_name Aar Corp

ticker AIR

cik 1750

domain aarcorp.com

linkedin_company_url https://www.linkedin.com/company/aar-corp/

entry_point_account_id none on file

name AAR Corp.

exchange NYSE

sector Industrials

hq Wood Dale, IL, United States

irhttps://www.aarcorp.com/en/investors/

sector index/company/sector/industrials/

calls 12 filings 70 executives 13 family 0

why_now

airlines increasingly value an independent partner who is able to manage sensitive data... and you'll hear this from Andy when he comes up and talks about software.

Jul 15, 2026 / receipt

airlines increasingly value an independent partner who is able to manage sensitive data uh without competitive conflicts.

Jul 29, 2026 / receipt

our plan now with our digital technology team is to have the entire network paperless by the end of fiscal year 27.

Jul 29, 2026 / receipt

calls

Commercial air travel remains below pre-pandemic levels by most measures and in most markets. And as you have heard from many major airlines recently, their outlook for growth remains strong. This all means that we remain optimistic about the demand for our services.

Jul 18, 2023 / receipt, needs a key / John Holmes, CEO | earnings call 2023-07-18 | transcript 06837b36-73f9-4d07-b144-7c63dd8570dc | chars 9181-9448 | segment 9

In the medium and longer terms, we believe that we are in an exceptionally well position for growth for several reasons. First, commercial market conditions are favorable, including strong leisure and business travel demand, the reopening of international markets following the relaxation of travel restrictions, and OEM production challenges that are extending the life of the existing fleet.

Dec 20, 2022 / receipt, needs a key / John Holmes, CEO | earnings call 2022-12-20 | transcript 8c0c8013-62b2-47d1-af14-9f89c632de29 | chars 9378-9771 | segment 9

In our commercial business, we remain encouraged by the continued recovery in air travel. As we indicated last quarter, the recovery has been strongest domestically, while Europe and Asia have lagged behind, leading to global ASMs that are still about 30% below 2019 levels. This is most relevant for our parts activities, which are our most international.

Sep 22, 2022 / receipt, needs a key / John Holmes, CEO | earnings call 2022-09-22 | transcript 1a0ec8aa-4450-487d-a338-bbd04d93ce39 | chars 2341-2697 | segment 2

We entered the year with optimism that the increasing demand for domestic leisure travel we saw in early summer last year would be a leading indicator for business and international travel.

Jul 21, 2022 / receipt, needs a key / John Holmes, CEO | earnings call 2022-07-21 | transcript e1aad3af-7f83-48ef-a076-eeb512cacc4f | chars 2122-2311 | segment 2

Looking forward, while demand for domestic and European commercial travel continues to be very strong, global traffic recovery in total continues to be slower, and we are paying attention to the macroeconomic environment and its potential impact on the market for air travel.

Jul 21, 2022 / receipt, needs a key / John Holmes, CEO | earnings call 2022-07-21 | transcript e1aad3af-7f83-48ef-a076-eeb512cacc4f | chars 9181-9456 | segment 9

I think - Overall, the airlines remain bullish on the return of demand. And we believe that the current generation of fleet, based on what we're hearing, which is the fleet that we're predominantly involved in servicing, is still going to be around for longer than people initially expected. So that bodes well for us. I think the challenge for our customers right now is really, as you've heard from them, is driven by the staffing challenges at the airports themselves, pilot shortages, which have caused them to have to cancel flights and fly less. You know, that's really their focus. But overall demand for air travel that we're hearing from our customers still remains very, very strong. It's just about getting the system, you know, back up fully running so that we can adequately support that demand. And so, again, while we're kind of in a bit of an uneven period here, we still feel really good about that return of the parts business and the fact that the platforms in which we operate and perform maintenance on, that they're going to be around for a long time.

Jul 21, 2022 / receipt, needs a key / John Holmes, CEO | earnings call 2022-07-21 | transcript e1aad3af-7f83-48ef-a076-eeb512cacc4f | chars 25226-26299 | segment 25

With respect to commercial demand, our largest North American and European commercial customers remain optimistic about the recovery of demand in the business and leisure travel market, and we saw this translate into accelerating parts volume throughout the quarter.

Mar 22, 2022 / receipt, needs a key / John Holmes, CEO | earnings call 2022-03-22 | transcript 3e4a7df1-67ff-4ae4-8d9e-e5f1a8fc39fd | chars 8326-8592 | segment 8

It's certainly top of mind for everybody, but the overriding conversation with our customer base right now, and again, I'm focusing on North America and Europe, is really around being prepared for what our airline customers see as a very strong spring and summer. And the other thing we're getting is that there seems to be, I guess, a happy surprise around the pace of business travel return. And so the airlines right now are just focused on making sure that they've got enough equipment available and ready to support what they see as a very strong couple quarters.

Mar 22, 2022 / receipt, needs a key / John Holmes, CEO | earnings call 2022-03-22 | transcript 3e4a7df1-67ff-4ae4-8d9e-e5f1a8fc39fd | chars 15122-15690 | segment 15

What we're more interested in seeing is more sustained narrow body travel around the world that would fuel the full recovery of both the parts trading business as well as the parts distribution business.

Dec 21, 2021 / receipt, needs a key / John Holmes, CEO | earnings call 2021-12-21 | transcript 1ad635e7-1110-4ee1-b219-aaf69f7e44f8 | chars 17789-17992 | segment 18

Parts supply, which is our most international activity, is more likely to be impacted by the reinstatement of global travel restrictions, which could further extend the timeline for full recovery.

Dec 21, 2021 / receipt, needs a key / John Holmes, CEO | earnings call 2021-12-21 | transcript 1ad635e7-1110-4ee1-b219-aaf69f7e44f8 | chars 9633-9829 | segment 9

The areas that we're waiting to see recover are the international markets. And, again, parts is our most international business. So once we have clarity on consistent, you know, borders being open and travel restrictions being lifted, you know, that's when we would expect to see more continued, you know, more consistent demand in the parts business.

Dec 21, 2021 / receipt, needs a key / Ken Herbert, analyst | earnings call 2021-12-21 | transcript 1ad635e7-1110-4ee1-b219-aaf69f7e44f8 | chars 13126-13477 | segment 13

While we remain in a difficult and uncertain environment, we are encouraged by the stabilization as well as the positive developments regarding the vaccines, which not only will protect our people, but should also ultimately lead to more travel and a recovery in our commercial markets.

Dec 17, 2020 / receipt, needs a key / John Holmes, CEO | earnings call 2020-12-17 | transcript e5fd4460-88e4-44d2-a2ce-f744ecb511ce | chars 1831-2117 | segment 1

filings

Director Nominees* John W. Dietrich