RE:RE:RE:RE:RE:Fool me once...?
As Bill pointed out during the CC the parts sales were primarily to A320 planes fitted with ACARS , so guess who gets the recurring revenue in that install . Maybe some upsell opportunity for sure but the reality is the recurring revenue model is not being realized here. In fact the recurring revenue growth quarter over quarter was only 4.5% if I'm not mistaken so that largely explains the lack lustre SP performance . On the bright side lots of irons in the fire and selling parts is in itself a good business if you can sustain this quarters parts sales going forward. GLTA