GE sees aviation revenue boost from jet engines, aftermarket demand

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General Electric Co forecast revenue at its cash-cow aviation business to grow by at least low-double digit through 2025 on strong demand for jet engines and aftermarket services, sending its shares up 5.5% in early trading on Thursday.

"We're well positioned to have a strong year," Chief Executive Larry Culp told investors.

The comments imply a commitment to support Airbus plans to lift narrow-body output to 65 jets a month from 45, but raises questions about the planemaker's further push to take it to 75 a month. However, supply and labor shortages have hurt jet engine output, with CEO Culp saying it was a daily battle to meet jet engine demand.

 

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