AAR Corp Parts Supply and Engineering Initiatives
Commercial air travel recovery and resilience
AAR's commercial businesses are driven by air travel
AAR Commercial Aviation Services Sales ($M)
Global Available Seat Miles (ASMs)
12.0
Global Available Seat Kilometers
10.0
7.0
$1,342
6.0
$1,282
$1,269
Global ASMS (trillions)
NWA
2.0
3.0
4.0
5.0
1.0
$794
$1,321
$1,082
0.0
FY18
FY19
FY20
FY21
FY22
FY23
• AAR's commercial sales have closely tracked global
commercial air travel historically
• Air travel has recovered significantly, but is still not
back to pre-pandemic levels
Source: ASM data from Cirium
Trillions
8.0
6.0
4.0
2.0
0.0
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
2016
2018
2020
2022
• Global commercial air travel has been historically
resilient through economics cycles
Aerospace aftermarket not historically subject to same
cyclicality as new aircraft business
Source: IATA
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