What Happened
Engine Maintenance Demand Defies Fuel Price Shock
GE Aerospace has raised its 2026 profit forecast due to strong demand for aircraft engine repairs and spare parts, despite surging fuel costs affecting airline profits. The company’s commercial engines and services business saw a 21% revenue increase in the third quarter, with services revenue climbing 17%. GE Aerospace expects adjusted earnings of $8.00 to $8.10 per share in 2026. This development was reported by Reuters.