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Travel recovery boosts jet engine units at GE and Raytheon - TL;DR CNBC

Travel recovery boosts jet engine units at GE and Raytheon

Publishing timestamp: 2023-04-25 10:34:36


Summary

Sales and repairs at the aircraft engine units of General Electric and Raytheon have increased due to the recovery in air travel and the push by Boeing and Airbus to increase their production rates of new planes. Both companies reported higher revenue from repair shop visits and spare parts businesses. This improvement comes as Boeing plans to detail its plans for aircraft output and deliveries to airlines for the year.


Sentiment: NEUTRAL

Tickers: RTXGEBA

Keywords: airlineseconomytransportationbusinessaerospace and defense industrybusiness newslifegeneral electric comarketsboeing cobreaking news: businessraytheon technologies corpearningstravel

Source: https://www.cnbc.com/2023/04/25/travel-recovery-boosts-jet-engine-units-at-ge-and-raytheon.html


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