CAE posts strong Q2 as civil aviation demand improves
CAE shares surged nearly 8% after the company beat fiscal Q2 estimates, reporting C$0.23 EPS versus C$0.20 expected and revenue of C$1.24 billion. Civil aviation revenue rose to C$670 million, signaling improving pilot demand. The firm cited early signs of recovery in airline hiring, particularly in the US, boosting optimism for sustained aviation training growth.