US-based MRO and parts supplier AAR has revealed that a decline in maintenance activities has contributed to a fall in sales in 2014. In publishing its Q4 and full-year results for 2014, AAR confirmed that in Q4 it saw a 10% drop in sales in its aviation services business compared with the previous year.
The firm said the change was “mainly due to softness” at the company’s MRO facilities, the bulk of which are located in the US, coupled with a drop in its airlift activities.
Looking at the full 2014 results, the firm’s total sales fell by 4.7% year-on-year to $2.04bn. The drop, however, was not caused solely by its aviation services division, which saw a 3% decline in sales on 2013 figures. The firm’s technology products segment sales fell 9% as a result of lower demand for mobility products and lower commercial cargo sales.
Looking to 2015, the firm predicts a return to growth in its MRO business.