GE hammered by steep declines in jet-engine business
The aviation business, once a profit engine for GE, swung to a loss in the June quarter as both revenue and orders plunged. The unit produces engines for Boeing Co. and Airbus SE planes but has had to cut production and jobs as airlines delay orders.
via FOX BUSINESS NEWS Markets
https://ift.tt/30atQZ6 GE hammered by steep declines in jet-engine business The aviation business, once a profit engine for GE, swung to a loss in the June quarter as both revenue and orders plunged. The unit produces engines for Boeing Co. and Airbus SE planes but has had to cut production and jobs as airlines delay orders. https://ift.tt/30atQZ6 https://ift.tt/3gbXOS2 Markets July 29, 2020 at 10:50PM
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