Air Traffic Is Stabilizing, According to GE Aerospace. As the Company Raises Its Forecast, Is It Time to Buy the Stock?
GE Aerospace reported strong third-quarter earnings as its flywheel looks set to benefit from steady demand.GE Aerospace (GE +0.21%) is a $320 billion industrial giant that makes and services jet engines. It is one of three companies that were spun out of the old General Electric as the company broke apart. Interestingly, the head of GE Aerospace is Larry Culp, the CEO who orchestrated General Electric's breakup. The earnings-guidance raise that GE Aerospace just announced suggests he made the right call ab ...