It Won't Be Pretty, But TransDigm Stock Will Survive the Coronavirus
TransDigm Group (NYSE: TDG) has been one of the best-performing commercial aerospace stocks for years, up 1,084% during the last decade.
That winning streak came crashing to a halt in 2020, with TransDigm shares down more than 40% year to date due to the COVID-19 pandemic and its impact on the airline industry. Airlines that just months ago were in expansion mode are now grounding jets and cutting costs, putting pressure on new jet sales and the aftermarket, or spare parts, business.
Commercial aerospace makes up about 65% of total TransDigm revenue, and we knew going into its quarterly earnings release the company would take a hit. Here is a look at the results, and what management had to say about the months to come.
Source Fool.com
