Here's Why GE Aerospace Stock Crushed the Market in 2024

Shares in GE Aerospace (NYSE: GE) rose by more than 63% in 2024 after adjusting for the spinoff of GE Vernova in April, according to data provided by S&P Global Market Intelligence. The move comes as the commercial aerospace industry and GE, in particular, helped dispel fears of a slowdown in original equipment (OE) sales due to both Boeing and Airbus falling short of airplane production expectations and ongoing supply chain and parts availability issues at suppliers like GE.In the end, OE production and sales were pressured. Still, the strength in the commercial aftermarket more than made up for the shortfall, as flight departures continued to grow and orders for engine equipment and services outpaced expectations. The following data points show these dynamics.First, here's a look at GE's exceptional growth in commercial engine orders throughout the year. They held up well, even though GE had issues delivering engines last year. I'll return to this point in a moment.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool