Mtu Aero Engines Hldgs Ag (MTUAF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning ladies and gentlemen. Welcome to MTU's Q1 2025 results call. As usual, we will start with a look at the past quarter with a review from Lars. Peter will give a financial overview and a deeper look into the segment results. Following that, Lars will walk you through the pre-release guidance update for 2025. This then ends the presentation and we will open the call for questions. And with that, I'll hand over to Lars for the review. All right, thank you, Thomas, and a warm welcome from my side. Good to have you with us today. Let me start with some words on the market environment. Global passenger traffic increased by 5.3% in the first three months of 2025. Within this, international traffic improved by 7.7%, while domestic traffic increased by only 1.4%. Global load factors remained high at around 80%. The number of scheduled flights for April and May looks very promising. Dedicated cargo traffic has continued its growth with a slight increase in Q1 by 2.4% in CDK. This start into the year is very promising for air traffic and the outlook remains positive. Anyway, the announced tariff environment creates uncertainties in the global markets. It remains to be seen how passenger and cargo traffic will be impacted in the coming months. A downturn in the global economy would undoubtedly affect the aviation industry and us. Therefore, this topic is on everybody's watch list. Really good news for the GTF program. In February 2025, the GTF Advantage received its FAA certification, marking another important milestone in the success story of the GTF engine family. The initial deliveries of the GTF Advantage to Airbus are on track for later this year. The Advantage offers the lowest fuel consumption and CO2 emissions for single-ail aircraft, providing more thrust an...