UPDATE 2-B/E Aerospace cuts 2009 view on sluggish order rates

lunes 27 de abril de 2009 14:55 CEST

* Q1 adj EPS $0.41 beats est of $0.39

* Q1 rev up 11 pct

* Cuts 2009 outlook

* Sees 2009 to be trough year for bookings, earnings (Recasts; adds details)

April 27 (Reuters) - B/E Aerospace Inc (BEAV.O: Cotización), the world's biggest supplier of aircraft interior products, posted better-than-expected first-quarter results, but lowered its 2009 outlook, as it sees more turbulence in the airline industry.

"We believe that 2009 will be the trough year for B/E Aerospace bookings, backlog and earnings," Chief Executive Amin Khoury said in a statement.

Until order rates and shipments for consumables and spares improve, it is unlikely that quarterly earnings will exceed the first-quarter level, he added.

Air freighters are being parked at unprecedented rates, and demand for passenger-to-freighter conversions is likely to be soft for the foreseeable future, Khoury said.

B/E Aerospace's international passenger traffic fell by more than 10 percent in February compared with the year ago.   Continuación...