Raytheon Technologies
Q1 2022 Earnings Call
Apr 26, 2022, 8:30 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good day, ladies and gentlemen. Welcome to the Raytheon Technologies first quarter 2022 earnings conference call. My name is Lui, and I will be your operator for today. As a reminder, this conference is being recorded for replay purposes.
On the call today are Greg Hayes, chairman and chief executive officer; Neil Mitchill, chief financial officer; and Jennifer Reed, vice president of investor relations. This call is being carried live on the Internet, and there is a presentation available for download from the Raytheon Technologies' website at www.rtx.com. Please note, except where otherwise noted, the company will speak to results from continuing operations, excluding acquisition, accounting adjustments, and net nonrecurring and/or significant items, often referred to by management as other significant items. The company also reminds listeners that the earnings and cash flow expectations and any forward-looking statements provided in this call are subject to risks and uncertainties.
RTC's SEC filings, including its Forms 8-K, 10-Q, and 10-K, provide details on important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements. [Operator instructions] With that, I will now turn the call over to Mr. Hayes.
Greg Hayes -- Chairman and Chief Executive Officer
Thank you, Lui, and good morning, everybody. Before I get into the results, I just want to spend a minute to address the Russian invasion of Ukraine. I know it's first and center on everybody's mind. It's obviously been devastating to see these tragic events unfold, and our thoughts and prayers are with the Ukrainian people.
We, of course, have ceased all of our business activities with Russia in line with global sanctions, and we remain committed to supporting our allies and ensuring the safety of our people around the world. This event, more than any other, demonstrates our unique responsibility as a global company and trusted with supporting our customers as they navigate a difficult and complex geopolitical landscape, and we remain focused on honoring that mission. All right. Let me turn to the first quarter.
As you saw from the press release, we're off to a good start for the year. On the commercial aerospace side, we remain optimistic on the market recovery, despite a slower-than-expected start to the year due to the impact of omicron and increased geopolitical tensions. That said, air traffic is rebounding again in many markets around the world. In the U.S., passenger traffic through TSA checkpoints remained steady versus Q4 at about 1.8 million passengers per day in the quarter.