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Q1 2021 Safran SA Corporate Sales Call Transcript
Welcome to the Safran Q1 2021 Revenue Conference Call. At this time, I would like to turn the conference over to you host, Olivier Andries, Safran CEO; and Bernard Delpit, Deputy CEO and Group CFO. Mr. Andries, please go ahead.
Good morning, everyone. Thank you for joining us to this Q1 2021 revenue conference. I'm joined by Bernard Delpit, our CFO and Deputy CEO.
I'll start the presentation with Q1 business highlights.
First, on Slide 5, a few words on air traffic data.
After a steep drop in traffic in January, and especially in February, narrowbody average seat kilometers are back in April at 57.6% of 2019, a level that is higher than in December 2020. But the situation is very different from one country to another in a global context of upsurge in new COVID cases. Vaccine is rolled out at a very different paces all around the world. China, weekly cycles are back over 2019 levels. Since March -- since mid-March, for all engines. For CFM engines in week 16, cycles are up 12.6%
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