Financial PerformanceAAR shares are trading over 3% higher after the company reported 14% normalized organic growth in its fiscal fourth quarter, an acceleration from 6% in the previous quarter.
Revenue GrowthThe company expects revenue to double again, driven by upgrading customers to the recurring SaaS platform and implementing a parts marketplace with third-party OEMs.
Strategic PartnershipsToday, management announced that Trax has a new partnership with Virgin Atlantic and has also announced partnerships in the past with Singapore Airlines, Cathay Pacific, and WestJet, among others.