US Stocks: GE Aerospace Raises 2026 Profit Forecast as Services Strength Drives Growth
The company raised its outlook for the second time this year as engine repairs and spare-parts demand stayed strong, with services revenue up 26%.
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The Economic Times
Times of IndiaUS Stocks: GE Aerospace raises 2026 profit forecast as services strength drives growth
GE Aerospace has increased its 2026 adjusted earnings forecast due to continued demand for engine maintenance. The demand for spare parts remains high, which supports their financial outlook. Airlines are facing rising fuel costs due to disruptions in oil supply and are adjusting their capacity accordingly. Despite potential pressures on flight schedules, GE Aerospace's revenue from services is expected to remain strong.
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The American company General Electric raises its full-year forecast. Strong demand for aircraft engines, spare parts and service due to continued high demand for flights – despite higher fuel prices – is behind the adjustment. For the full year, the profit forecast is now at 8.00–8.10 dollars per share, up from the previous forecast of 7.65–7.85 dollars per share...
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