“Broadly speaking, our pricing approach for on spare parts catalog for this year is going to be consistent with what we did last year.”

In context

“Rahul Ghai: Scott, so we clearly recognize that, but I think at the same time, the airlines have also recognized a lot of price. I think the overall, I think you're closer to it than I am, but the fact is what we are seeing is that the airlines are kind of largely holding their profitability levels through this uptick in pricing. The way we think about our own pricing is that we make significant investments, and we add a lot of capability to our customers, and we want to be rewarded for that. That's the environment we are in. At the same time, we are facing inflationary headwinds as well. Broadly speaking, our pricing approach for on spare parts catalog for this year is going to be consistent with what we did last year. That's kind of our approach for 2026. Then obviously longer term, we continue to get incremental pricing as we kind of moving away from those initial launch phases of LEAP, NG, NX pricing, the dollar per shop visit on those platforms has grown over the years, that we've discussed previously. That higher-priced shop visits will start showing up in our revenue book, say starting 2028, 2029, that obviously helps us get LEAP back to CFM56 profitability levels by 2030.”