“We anticipate wide-body services revenue will grow at high single-digit CAGR through 2030, including GEnx at a low double-digit CAGR.”

In context

“itioned to deliver sustainable growth. Today, CFM engines power approximately 75% of industry's narrow-body flights. This year continues to increase as the LEAP fleet is expected to grow roughly 3x by 2030. Narrow-body revenue is exceeding our prior expectations driven by LEAP growth and the extended longevity of CFM56 fleet. As a result, we now expect narrow-body revenue to grow at a low double-digit CAGR and '28 revenue to be approximately 15% higher than our expectations last March. Our wide-body business remains a significant differentiator. We currently power more than half of industry's departures. We expect to maintain this position with GE9X, I apologize, GEnx doubling its installed base by the end of the decade and continued utilization of GE90 fleet and the introduction of GE9X. We anticipate wide-body services revenue will grow at high single-digit CAGR through 2030, including GEnx at a low double-digit CAGR. Taken together, the strength of our foundational fleets combined with our installed base growth supports the annualized double-digit services revenue growth. Moving to Slide 23. On Commercial Services revenue growth, and how that will translate into a significant profit improvement. Narrow-body profit is expected to rise over 70%, primarily from LEAP with CFM56 continuing to contribute meaningfully. And by the end of the decade, we expect LEAP and CFM56 profit to reach parity, reflecting the maturity and the scale of the LEAP program. Wide-body profit is expected to grow more than 40% supported by installed base growth and higher work scope, shop visits for both GE90 and GEnx. We also expect contributions from productivity, pricing and favorable mix as external shop visits increase. And e”