What’s going on here?
Safran just delivered a record quarter, reporting an impressive 18.3% jump in revenue as demand for its jet engines and related services soared.
What does this mean?
The French aerospace heavyweight is thriving, boosted by surging interest in both its engines and maintenance business. Safran’s propulsion arm notched a 25.6% revenue spike, thanks in part to a record output of LEAP engines it co-develops with GE Aerospace. With airlines keeping older planes in service longer—largely due to ongoing delivery delays at Airbus and Boeing—spare parts and maintenance services have become increasingly vital. This trend pushed services revenue up over 21%, with civil engine services alone climbing 24.2% in US dollar terms. Confident in this momentum, Safran raised its…more
Source finimize.com
Terms of use and third-party services. More here.