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AAR 1H26 Revenue Rises as Hormuz Closure Cuts Shipments, EBITDA Holds

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Sig3.20Sen-0.95Env0.00Soc0.00Gov0.00

AAR reported 1H26 revenue up 3.7% to $206.9m and gross profit rising 2.4% to $116.8m, with adjusted EBITDA steady at $71.7m despite a 9.0% fall in FSM shipments. Global Travel Retail volumes dropped 46.5% after the Strait of Hormuz closure. Price/mix rose 14.0% as 2026 pricing was front-loaded, lifting FSM revenue 3.4%. Reported net loss widened to $81.8m mainly due to listing-related equity and cash costs plus share-based compensation.

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