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](https://aviationsourcenews.com/wp-content/uploads/2024/04/aerospace-1920-x-1080_0-1024x576.jpg)
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](https://aviationsourcenews.com/wp-content/uploads/2024/04/GIa-urcWEAAvtF9-1024x576.jpg)
Within these results, GE Aerospace have reported some strong highlights from the first quarter.
They included the following key wins:
- 300 LEAP engines ordered by Akasa Air for their 737 MAX aircraft.
- 300 LEAP engines for easyJet’s Airbus A320neo aircraft.
- 170 LEAP engines for American Airlines’ Boeing 737 MAX aircraft.
- 90 GEnx Engines for Thai Airways.
- 16 GE9X engines for Ethiopian Airlines.
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.
Overall…
![](https://aviationsourcenews.com/wp-content/uploads/2024/04/GEAerospaceVideo-1700068825840-1024x384.webp)
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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