Reported about 1 month ago
GE Aerospace has raised its profit forecast for 2024 for the third time this year, citing strong demand for aftermarket services from airlines utilizing older aircraft due to production delays of new planes from Boeing and Airbus. The adjusted profit is now expected to be between $4.20 and $4.35 per share, boosted by a 16% increase in profit from its commercial engines and services segment. Despite challenges in ramping up production, GE has reported significant growth driven by its services.
Source: YAHOO