CAE Reports Positive Cash Flow, Adjusted Quarterly Profit as Civil Aviation Training Centers Rebound Written 11 November 2020


WestJet Boeing 737 MAX 8 landing. | Acefitt\Wikipedia

Reuters reports Canada-based CAE Inc. on Tuesday “reported positive cash flow and earned a surprise adjusted quarterly profit, as client usage of its civil aviation training centers rebounded since the start of COVID-19, lifting shares as much as 7.4%.” CAE “expects a stronger second half of the fiscal year, compared with the first, and to generate positive free cash flow for the full year.” The company also “sees opportunities with the now-grounded Boeing 737 MAX when the jet resumes flying.”
Full Story (Reuters)