December 07, 1998
AAR Believes Recent Stock Activity Unrelated To Fundamental Performance, Outlook
WOOD DALE, ILLINOIS -- AAR CORP.President and Chief Executive officer David P. Storch said today that AAR believes recent activity in the Company's share price and volume is not reflective of the fundamental performance and outlook of the Company.
"AAR's fundamental performance and outlook remain solid," Storch said. "Management believes that last week's activity in our stock is related to Boeing Aircraft's recently announced difficulties. Management would like to reiterate that as a customer, Boeing accounts for less than one percent of AAR's business. In addition, as previously noted, AAR derives less than three percent of revenues from the depressed Asian market which Boeing cited as a cause of some of its problems." Storch went on to say, "Typically, a reduction in the delivery of new aircraft creates greater demand for support services for the existing world fleet."
Contact
Media Team
Corporate Marketing & Communications
+1-630-227-5100
Editor@aarcorp.com
AAR CORP., traded NYSE (AIR), and headquartered in Wood Dale, Illinois, is a leading supplier of aerospace/aviation products and services. The Company primarily supplies parts and equipment, performs technical services and manufactures proprietary products for the global aviation industry.
Related news
See all
March 19, 2025
AAR elects Hema Widhani to its Board of Directors
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that Hema Widhani has been elected to AAR’s Board of Directors, effective March 18, 2025. This appointment increases AAR’s Board from 11 to 12 Director positions.
March 13, 2025
AAR to announce third quarter fiscal year 2025 results on March 27, 2025
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today announced that it will release financial results for its third quarter of fiscal year 2025, ended February 28, 2025, after the close of the New York Stock Exchange trading session on Thursday, March 27, 2025.
March 12, 2025
AAR signs new component repair agreement with Cebu Pacific
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced a multi-year agreement to provide Cebu Pacific Air with nacelle maintenance, repair, and overhaul services for the airline’s A320 fleet powered by the CFM56-5B engine. This work will be performed at AAR’s Component Services facility in Chonburi, Thailand.
