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MTU Aero Engines AG ( OTCPK:MTUAF ) Q3 2024 Earnings Conference Call October 24, 2024 5:00 AM ET Company Participants Thomas Franz – Vice President-Investor Relations Lars Wagner – Chief Executive Officer Peter Kameritsch – Chief Financial Officer Conference Call Participants Robert Stallard – Vertical Research Ian Douglas-Pennant – UBS Chloe Lemarie – Jefferies George Zhao – Bernstein Carlos Iranzo Peris – Bank of America Phil Buller – Berenberg Ross Law – Morgan Stanley Milene Kerner – Barclays David Perry – JPMorgan Aymeric Poulain – Kepler Cheuvreux Jorge González Sadornil – Hauck & Aufhäuser Investment Banking Olivier Brochet – Redburn Atlantic Victor Allard – Goldman Sachs Thomas Franz Good morning, ladies and gentlemen. Welcome to our Conference Call for MTU's Q3 2024 Results. As usual, we start with a review and some key messages presented by Lars.
Peter will start with a look on overall financials and more details on our OEM and MRO segment. Lars will continue with the latest update on the 2024 guidance. This will end the presentation part, and we will open the call for questions.
Let me now hand over to Lars for the review. Lars Wagner All right. Thank you, Thomas, and also very warm welcome from my side.
Let me start as usual, with a view on the market environment. Worldwide passenger traffic in August grew 8.6% year-on-year.
Within that domestic travel, traffic rose 5.6%, while international traffic increased 10%. The Asia Pacific and Latin America regions experienced double-digit growth, while other regions grew between 4% and 10%.
As in previous months, strong ticket sales and consistently high load factors reflect sustained high demand for air travel. Cargo flights remains at elevated levels as it continues to benefit from rising e-commerce demand, particularly from consumers in the U.S.
and Europe, as well as ongoing capacity limitations in maritime transport. This strong growth reflects the favorable demand environment for air traffic..
