CAE invited to take part in RBC-moderated webcast about the COVID-19 situation and its impact
CAE reports fourth quarter and full fiscal year 2020 results
Their return is more than double the spot rate of the 20-year high-quality market corporate bonds Continue reading...
CAE Inc. said Monday it has recalled all employees laid off as a result of the COVID-19 pandemic, with 1,500 employees back on the payroll this week. The Montreal-based company, which provides training services for the aviation, defense and healthcare markets, said the employees were recalled to provide essential services and through the Canada Emergency Wage Subsidy program. CAE said it signed a contract with the Government of Canada to make 10,000 ventilators, with the first ventilator expected to be delivered in early May. The U.S.-listed stock has dropped 47.4% over the past three months, while the S&P 500 has lost 13.7%.
CAE Healthcare to offer coronavirus simulation training scenario and webinars for healthcare providers
CAE (CAE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
SYDNEY/MONTREAL March 24 (Reuters) - The pandemic is taking its toll on aerospace manufacturing, as Boeing Co announced it would halt production of most widebody jets and Airbus SE restarted only partial output after a four-day shutdown as suppliers cut jobs. Global passenger capacity fell by 35% last week, the worst since the start of the crisis, according to data from airline schedules firm OAG, which said deeper cuts were likely in the coming weeks. Boeing faces the shutdown of key assembly lines for the second time in a year after being forced to halt production of its grounded 737 MAX aircraft in January.
"Taking decisive yet flexible action will help to protect our people and operations over the short-term and gives us the necessary agility to resume long-term growth when global air travel returns," Chief Executive Officer Marc Parent said. The company had previously said Parent would take a 50% cut to his salary. CAE had announced last month that it had temporarily closed three commercial aviation training centers, was laying off 465 workers and slashing executive salaries and capital expenditures to contain costs.
Mark, 34, quit his job as a town planner in London last year to start flight-training school, buoyed by a conditional offer of employment with budget carrier easyJet at a time when the airline industry was desperately short of pilots. The coronavirus pandemic has changed all that, with carriers furloughing pilots by the thousands and airlines including easyJet, Delta Air Lines Inc and Germany's Lufthansa forecasting they will be smaller for years until demand fully returns.
Mark, 34, quit his job as a town planner in London last year to start flight-training school, buoyed by a conditional offer of employment with budget carrier easyJet at a time when the airline industry was desperately short of pilots. The coronavirus pandemic has changed all that, with carriers furloughing pilots by the thousands and airlines including easyJet, Delta Air Lines Inc and Germany's Lufthansa forecasting they will be smaller for years until demand fully returns.
Is CAE Inc. (CAE ) a great pick from the value investor's perspective right now? Read on to know more.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
MONTREAL , April 20, 2020 /CNW Telbec/ - (CAE) (CAE) – CAE announced today that it has recalled all remaining temporarily laid-off employees in Canada . Between recalls of employees providing essential services and recalls through the Canada Emergency Wage Subsidy (CEWS) program, approximately 1,500 employees will be back on the payroll this week; the vast majority are based in Montreal and will work from home.
(NYSE: CAE); (TSX: CAE) – CAE will release its fiscal year 2020 fourth quarter and full-year results on Friday, May 22, 2020. A conference call will be held on the same day at 1 p.m. Eastern Time (ET) to provide analysts and institutional investors with a review of CAE's performance and outlook.
NEW YORK, NY / ACCESSWIRE / May 22, 2020 / CAE, Inc. (NYSE:CAE) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on May 22, 2020 at 1:00 PM Eastern Time. ...
To the annoyance of some shareholders, CAE (TSE:CAE) shares are down a considerable 37% in the last month. The recent...
Today we'll look at CAE Inc. (TSE:CAE) and reflect on its potential as an investment. To be precise, we'll consider...
Media Advisory: CAE's FY2020 fourth quarter and full-year financial results and conference call
MONTREAL , April 6, 2020 /CNW Telbec/ - (CAE) (CAE) – CAE announced today that it has taken a series of flexible measures to protect its financial position in response to the COVID-19 crisis and mitigate the impact on its employees. The measures include temporarily suspending its common share dividend and share repurchase plan, as well temporarily laying off 2,600 of its 10,500 employees and placing another 900 employees on a reduced work week. CAE also announced that, in an effort to help save lives, it is developing an easy-to-manufacture ventilator which will provide life support to patients in intensive care.
CAE earnings call for the period ending March 31, 2020.