GE Hikes Outlook Again on Jet Boom

Core Insights - General Electric (GE) has raised its annual forecast for the second consecutive quarter, driven by increased demand for jet engines and repairs due to booming air travel [1] - The company's revenue surged by 26% last quarter, reaching $11.3 billion, supported by strong maintenance work and new engine deliveries to Boeing and Airbus [1] Company Performance - GE's revenue growth of 26% indicates a robust recovery in the aviation sector, highlighting the company's strong position in the market [1] - The increase in revenue is attributed to both maintenance services and new engine deliveries, showcasing the company's diversified revenue streams [1] Industry Trends - The aviation industry is experiencing a resurgence in air travel, which is significantly boosting demand for jet engines and related services [1] - The collaboration with major aircraft manufacturers like Boeing and Airbus is critical for GE's growth, reflecting the company's strategic partnerships within the industry [1]