CAE: Growth Expectations Collapse For 2027

CAE faces new cyclical and geopolitical pressures, with shares down 17% since the last update. Commercial pilot training demand is under pressure due to delayed aircraft deliveries, high oil prices, and lower airline utilization from geopolitical tensions. Consensus estimates for CAE have been revised downward, with no EBITDA growth expected for FY27 and only mid-single-digit revenue growth projected thereafter.