What Happened
Aerospace Company Posts Record Sales Amid Airline Cost Cutting
Heico continues to see strong demand for its commercial parts and services, with no signs of a slowdown despite evidence that airlines are trimming capacity. The company’s focus on developing more cost-effective parts and repairs compared to original equipment manufacturer (OEM) offerings gives it a buffer when revenue passenger kilometers (RPKs) fall and cost-cutting starts. Heico’s Flight Support Group (FSG) saw its fiscal third-quarter net sales rise 18% to a record $947.8 million, according to Aviation Week.