What Happened
Engine Maker Sees Strong Aftermarket Spending Despite Higher Fuel Prices
GE Aerospace has raised its 2026 profit forecast due to resilient demand for aftermarket services and parts from airlines, despite higher fuel prices and fewer flight departures. The company’s commercial engines and services revenue increased by 27% to $9.7 billion in the second quarter, with the company expecting this revenue to grow by about 20% in 2026. GE Aerospace’s CEO, Larry Culp, noted that aftermarket demand has been resilient, which may help mitigate the impact of economic uncertainty on the company’s services business. This development was reported by Reuters.