AAR Corp. (NYSE:AIR) Q4 2019 Earnings Conference Call Transcript

Jul 10, 2019 • 04:45 pm ET

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AAR Corp. (NYSE:AIR) Q4 2019 Earnings Conference Call Transcript

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Q & A
Executive
John M. Holmes

others can not. And is it relates to the MAX? We talked about that in the third quarter. And we've seen some shifting in the MRO schedule as a result of the MAX. And we have seen a slight I'd say increase in parts demand as a result of the MAX, but nothing that really influence the results, at least in the fourth quarter. But certainly that's something that we're monitoring closely.

Analyst
Michael Ciarmoli

Got it. And then just the last one for me. The labor pressure and you guys talking about pricing and getting support from your customers, I mean in short, are you guys able to increase your pricing on existing contracts to pass through some of those higher labor rates you might have to be offering out there?

Executive
John M. Holmes

Yes. We have.

Analyst
Michael Ciarmoli

Okay.

Executive
John M. Holmes

We have been able to renegotiate. That not -- we have not been able to pass dollar-for-dollar, but we have been able to get some relief.

Analyst
Michael Ciarmoli

Okay. And all of your customers have been open to that renegotiation. I mean they obviously understand the dynamics in the marketplace. So it sounds like they're being receptive to that.

Executive
John M. Holmes

Yes. The customers (inaudible)

Analyst
Michael Ciarmoli

Okay. Got it. All right. Great. Thanks, guys.

Executive
John M. Holmes

Okay. Thank you.

Operator
Operator

Thank you. At this time, I'd like to turn the call back over to John Holmes for any closing remarks. Sir?

Executive
John M. Holmes

Again, thank you for your time and interest in the Company. We're really proud of what we accomplished in the FY '19 and very excited about the opportunities ahead of us in FY '20. And look forward to seeing everybody at the Investor Day, next week. Thank you.

Operator
Operator

Thank you, sir. Ladies and gentlemen, this concludes today's conference. Thank you for your participation and have a wonderful day. You may disconnect your lines at this time.