Reported 29 days ago
GE Aerospace's recent stock decline may overlook crucial positives revealed by management. The company anticipates an extended peak in 'shop visits' for its older CFM56 airplane engines, which suggests increased aftermarket service revenue. While delays in deliveries of the new LEAP engine were disappointing, sustained demand for airline services could enhance the value derived from legacy engines, promising a cautious but optimistic outlook for future financial performance.
Source: YAHOO