Flight simulator maker CAE posts profit as air travel rebounds
Aug 11 (Reuters) - Aviation training specialist CAE Inc on Wednesday posted a quarterly profit compared to a loss a year earlier, benefiting from higher demand for its flight simulators as air travel rebounds from 2020 pandemic lows.
The Canadian company's first-quarter net income stood at C$47.3 million ($37.85 million), or 16 Canadian cents per share, up from a loss of C$110 million, or 42 Canadian cents per share, a year earlier. ($1 = 1.2498 Canadian dollars) (Reporting by Sanjana Shivdas in Bengaluru; Editing by Shinjini Ganguli)
