Reuters reports, “GE Aerospace forecast annual profit above estimates on Thursday, driven by strong demand for high-margin aftermarket parts and services as airlines are expected to prioritize maintenance spending due to aircraft supply constraints.”
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Tag: Aftermarket
TD Cowen Says Aviation Aftermarket Ready for Boost
Aviation Week reports that a new TD Cowen analysis projects rising air travel demand to “significantly outpace new capacity created by aircraft deliveries for the next several years, setting many commercial aftermarket providers up for an extended run of strong growth.” Several factors “are working together to drive already strong aftermarket demand even higher,” with the chief among them being steadily rising global traffic. Markets such as the US are exceeding 2019 available seat mile figures, but other markets including Europe and Asia are still working toward a full recovery.
Full Story (Aviation Week)