GE Aerospace Soars With $1.5bn Operating Profit

GE Aerospace Soars With $1.5bn Operating Profit
Photo sourced from Wikimedia Commons.

GE Aerospace has this week revealed their first quarter performance, showcasing a whopping $1.5bn operating profit.

The engine manufacturer has had a strong three months of the year so far.

Without further ado, let’s get into it…

The Numbers from GE Aerospace…

GE Aerospace Soars With $1.5bn Operating Profit
Photo Credit: GE Aerospace.

GE Aerospace’s revenues have risen 15% to $8.1bn.

This has resulted in a operating profit of $1.5bn, which is an increase of 24% compared to the same period last year.

Free cash flow for the manufacturer stands at $1.7bn, which they believe to be “favorable” year-on-year.

With the way the company is set up currently, it is working out well for them at present.

Highlights from the Manufacturer…

GE Aerospace Soars With $1.5bn Operating Profit
Photo Credit: GE Aerospace.

Within these results, GE Aerospace have reported some strong highlights from the first quarter.

They included the following key wins:

Total orders have risen by 34% for their Commercial Engines and Services framework, with equipment orders rising 78%.

So, it has been quite the busy first quarter for GE Aerospace.


Photo Credit: GE Aerospace.

In conclusion, the manufacturer continues to set themselves up for a positive long-term future.

Their first-quarter results for 2024 solidifies that point, and sets them up well for the rest of the year.

All eyes will be on what the second-quarter will look like for the manufacturer.

With the Farnborough Air Show also on the way in July, all eyes will be on how they can capitalise from this.

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By James Field - Editor in Chief 2 Min Read
2 Min Read
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