Core Insights - RTX Corporation's commercial aerospace aftermarket segment has been a significant performance driver due to increasing air traffic and demand for aftermarket parts and services [1][2][10] - The company achieved a 9% year-over-year organic sales increase in its last reported quarter, with commercial aftermarket sales growing by 21% in Q1 2025 [2][10] - Global air passenger traffic is projected to grow by 5.8% year-over-year in 2025, indicating continued stable growth for RTX's commercial aftermarket sales [3] Financial Performance - RTX's commercial aftermarket sales contributed to a solid overall performance, with a 21% increase in Q1 2025 [10] - The company revised its 2025 adjusted earnings per share forecast to a range of $5.80-$5.95 due to increased import tariffs on steel and aluminum [4][10] - RTX shares have increased by 30.6% over the past year, outperforming the industry growth of 14.7% [9] Market Outlook - The robust aftermarket activity is expected to provide RTX with a strong long-term buffer, despite potential industry headwinds from tariff impacts [5][10] - Other aerospace companies, such as Boeing and Lockheed Martin, may also face similar tariff-related cost pressures [6] Valuation - RTX is currently trading at a forward 12-month earnings multiple of 24.70X, which is lower than the industry average of 28.04X [11] Earnings Estimate Trends - The Zacks Consensus Estimate for RTX's near-term earnings has seen downward revisions over the past 60 days, indicating a trend of decreasing expectations [12][13]

Rising U.S. defense spending is set to benefit aerospace-defense firms focused on military aerospace, although persistent supply-chain issues may still pose challenges. Meanwhile, strong global air passenger growth — up 5% year over year and projected to rise 5.8% in 2025 — offers a solid boost to commercial aerospace players. Airlines’ demand for new jets and fleet upgrades amid record-high aircraft backlogs signals positive momentum for industry players despite elevated costs and procurement delays. The f ...

Core Insights - LATAM Airlines Group reported a year-over-year increase in revenue passenger-kilometers (RPK) for June 2025, indicating growth in air traffic [1] Group 1: Capacity and Traffic - LATAM Airlines experienced a 10.7% year-over-year increase in consolidated capacity, measured in available seat-kilometers (ASK), driven by a 13.9% increase in domestic capacity in Brazil and a 12.3% increase in international capacity [2] - The consolidated traffic for LATAM Airlines increased by 10.2% year-over-year, although it did not outpace the capacity expansion, leading to a decrease in the consolidated load factor by 0.4 percentage points to 83.8% [4][11] - LATAM Airlines transported nearly 7 million passengers in June 2025, marking a 7.3% year-over-year increase, with a year-to-date total exceeding 41.5 million passengers [5][11] Group 2: Market Developments - New domestic routes were launched in Brazil from Aracaju to Congonhas and from Fortaleza to Juazeiro do Norte, along with an international connection between Bariloche in Argentina and Guarulhos in Brazil [3]