What Happened
Engine Maker Sees Growth Despite Fuel Price Pressures On Airlines
GE Aerospace has raised its 2026 profit forecast for the second time this year, driven by strong demand for aircraft engine repairs and spare parts. Despite surging fuel costs squeezing airline profits, the company’s commercial engines and services business saw revenue rise 21% to $10.34 billion in the third quarter. GE Aerospace’s maintenance business has grown faster than flying activity, with a backlog exceeding $170 billion supporting low-double-digit revenue growth expected in 2027. This development was reported by Reuters.