Aerospace industry trends have been favorable, with the International Air Transport Association, IATA, recently reporting that February global domestic travel was up more than 25% versus a year ago, and at over 97% of February 2019 levels. International traffic was up nearly 90% for February versus a year ago and has reached approximately 78% of 2019 levels. With China's reopening, the Asia-Pacific region has seen a strong rebound. Air freight metrics likewise saw sequential improvement in February. While there are concerns regarding the global economy, air travel continues to demonstrate solid recovery and demand trends point to further improvement.

Apr 27, 2023 / CEO / receipt, needs a key / Thomas Hook, CEO | earnings call 2023-04-27 | transcript 96ee83d0-34ce-4b2c-86f1-9e761061bdee | chars 7720-8378 | segment 8