MAAT INDEX

CLAIM #26218 · GE (GE) · 2024Q2 earnings call · Jul 23, 2024 · due Dec 31, 2026

we do expect that shop visit is probably plateau at that 25 level for maybe another couple of years and then start declining.

Rahul Ghai · CFO

PENDING
graded after results covering Dec 31, 2026 are reported

How to check this claim

Look at: Annual CFM56/LEAP shop visit volume (count of shop visits, as disclosed by GE Aerospace)

It came true if: Shop visit count in 2025 and 2026 remains within approximately 5% of the 2024 ('25-level') volume, rather than declining sequentially

Where: Management commentary on GE Aerospace earnings calls / investor day disclosures on shop visit volumes

In context

ok at utilization in a time when people thought we might begin to see a little bit of a fade, utilization year-over-year is consistent with the CFM56, delighted to see the LEAP up 4 points from a share perspective. So overall GE narrowbody powered propulsion is probably north of 70%. So I think the CFM is going to have a longer life in many fleets. And clearly, that's going to help us in the aftermarket, both from a volume and from a scope perspective. Rahul Ghai: Rob, just to maybe add a little bit to what Larry said. Just given the dynamics that he mentioned and you mentioned earlier, we are expecting that the peak shop visit that we had previously projected in 2025. And then we start to see the sequential downtick in 2026, 2027 is what we said at Investor Day. Now as we sit here today, we do expect that shop visit is probably plateau at that 25 level for maybe another couple of years and then start declining. So definitely, we are seeing that the program – the platform is getting used and the shop visits will be higher for an extended period of time, and we will see third shop visits. And that we're seeing that even with some of the lessors coming out and commenting that the leases are getting extended beyond 14, 15 years, for another four, five years. So we will definitely see what you just said. Operator: Our next question comes from Myles Walton with Wolfe Research. Myles Walton: Hey, good morning. I apologize for the background noise. I'm actually here at the show. I was hoping, Larry or Rahul, you could comment on the 15 supplier sites and nine suppliers who seem to be the source of the bulk of the delays in parts. And where that was last year? And maybe just if you can bucket the types o

Verify independently

SEC filings for GE · Claim quote is verbatim from the 2024Q2 earnings call.