GE Aerospace has raised its 2024 earnings forecast to $3.95–$4.20 per share, up from $3.80–$4.05, driven by high demand for engine parts and services. The shortage of new aircraft has led airlines to keep older planes in operation, increasing maintenance needs. This trend is expected to significantly boost GE Aerospace's revenue, as over 70% of their commercial engine sales come from spare parts and services. Despite facing some supply chain issues, the company reported a 4% rise in second-quarter revenue to $8.22 billion and a substantial increase in adjusted earnings per share from $0.74 to $1.20.