GE Aerospace Raises 2026 Profit Forecast on Demand
GE Aerospace raised its annual profit forecast for the second time this year as strong demand for aircraft engine repairs and spare parts offset surging fuel costs. The company reported higher third quarter earnings and revenue, supported by a large backlog of engine maintenance.
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GENERAL ELECTRIC raised its 2026 profit forecast to $8.00 per share, driven by strong demand for aircraft engine maintenance and spare parts. The upward revision follows disruptions in Iran that drove up fuel costs and squeezed airline margins worldwide. The resilience in maintenance demand offsets broader industry concerns about rising operational pressures and fluctuating capacity cuts.
