GE Aerospace reported robust Q2 2024 financial results with total revenues increasing 4% to $9.1 billion, driven by Commercial Engines & Services growth. Operating profit surged 37% to $1.9 billion, with operating margin expanding 560 basis points to 23.1%. Commercial services revenues grew significantly as shop visit volume increased, while equipment revenues declined due to lower engine deliveries.The company's Commercial Engines & Services segment saw revenues rise 7% to $6.1 billion, with segment profit up 21% to $1.7 billion on higher shop visit volume and improved pricing. Defense & Propulsion Technologies revenue remained stable at $2.4 billion, while segment profit increased 71% to $344 million on improved pricing and services growth.Free cash flow strengthened to $2.8 billion for the first half, up from $1.8 billion in the prior year period. The company continued its shareholder returns, repurchasing $1.9 billion of shares under its new $15 billion authorization and declaring a quarterly dividend of $0.28 per share. Management noted robust commercial air travel demand with global departures up 9% year-over-year.

GE Aerospace reported robust Q2 2024 financial results with total revenues increasing 4% to $9.1 billion, driven by Commercial Engines & Services growth. Operating profit surged 37% to $1.9 billion, with operating margin expanding 560 basis points to 23.1%. Commercial services revenues grew significantly as shop visit volume increased, while equipment revenues declined due to lower engine deliveries.The company's Commercial Engines & Services segment saw revenues rise 7% to $6.1 billion, with segment profit up 21% to $1.7 billion on higher shop visit volume and improved pricing. Defense & Propulsion Technologies revenue remained stable at $2.4 billion, while segment profit increased 71% to $344 million on improved pricing and services growth.Free cash flow strengthened to $2.8 billion for the first half, up from $1.8 billion in the prior year period. The company continued its shareholder returns, repurchasing $1.9 billion of shares under its new $15 billion authorization and declaring a quarterly dividend of $0.28 per share. Management noted robust commercial air travel demand with global departures up 9% year-over-year.