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flag CAE reports a 26% profit drop in Q2 due to reduced pilot training demand and US airline hiring decline.

flag CAE, a flight simulator maker and commercial pilot trainer, reported a 26% year-over-year profit drop in the quarter ending June 30 due to reduced demand for pilot training, partly due to the Paris Olympics and the Euro Cup affecting travel behavior to Europe. flag US airlines also decreased hiring by 80% year-over-year. flag Despite short-term challenges, CAE remains optimistic about the long-term prospects due to the aging pilot population, mandatory retirements, and continued growth in air travel.

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