Elie Salameh's questions to CAE Inc (CAE) leadership • Q3 2025
Question
Elie Salameh of Scotiabank inquired about the rationale behind the reduction in the CapEx target and asked for an update on training utilization trends across different geographic regions like the Americas, Europe, and Asia.
Answer
CEO Marc Parent and Interim CFO Constantino Malatesta explained the CapEx reduction as a matter of prudence and disciplined capital allocation, aligning capacity with demand. Regarding utilization, Marc Parent and COO Nick Leontidis noted that while Europe and Asia saw increases, the Americas experienced a slight decline due to a temporary slowdown in pilot hiring by U.S. airlines, which was impacted by aircraft delivery delays.