GE’s aviation businesses are seeing some financial disruptions related to the Boeing 737 MAX grounding but expect the issues to fade once the model is back in service, deliveries resume and production ramps up. GE Aviation posted a second-quarter profit of $1.4 billion, down 6% from the year-earlier period. Revenue totaled $7.9 billion, up 5%. The company took $600 million less than expected in the first half of the year because of the MAX’s production slowdown—$300 ...

Subscribe to Access this Entire Article

"GE Aviation takes financial hit on MAX disruption; makes GE9X progress" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? Log in here.