Jul 28, 2021 / 05:30PM GMT
Operator
Welcome to the Safran Half Year 2021 Results. At this time, I would like to turn the conference over to your host, Olivier Andries, Safran's CEO; and Bernard Delpit, Deputy CEO and Group CFO. Mr. Andries, please go ahead.
Olivier Andries - Safran SA - CEO & Director
Good evening, everyone, and thank you for joining us to this call to present our H1 2021 results. I will start the presentation with a glimpse of air traffic data in H1 on Slide 5. Then I will give an overview of financial and business highlights for the last 6 months.
During H1, the increase in air traffic has been gradual and irregular. We already discussed the trough in February, a quarter ago. What you have seen since March is an ongoing gradual increase with a halt in May due to the upsurge of COVID cases in Asia. Since then, weekly cycles for CFM engines, both CFM56 and LEAP, have returned to their 2019 levels in China. In the rest of Asia Pacific, cycles are still going down, reaching minus 71% compared to 2019 mid-July for both CFM56 and LEAP.
In North America, the
Half Year 2021 Safran SA Earnings Call Transcript
Jul 28, 2021
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