GE Aerospace forecasts $10 bln operating profit in 2028, sets shareholder return target

General Electric's aerospace business said on Thursday it expects operating profit to rise to about $10 billion in 2028, as it gains from strong demand for spare parts and services amid an aviation boom. The aerospace giant has forecast operating profit of $6.0 billion to $6.5 billion for 2024. GE's aerospace business is benefiting from a surge in demand for aftermarket services as a strong rebound in air travel and a shortage of new aircraft prompt airlines to keep their planes in the air for longer.