GE believes revenue will double till 2025

Generel Electric's projection that revenue at its cash-cow aviation business will increase by at least low-double digits until 2025 caused its shares to surge to levels not witnessed since 2018 in March first week.

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This happened after Chief Executive Larry Culp said at the company's annual day for investors that a recession was "the last thing on our mind".

GE stuck to its profit expectations for 2023 despite the dim economic outlook and persistent supply shortages. It expects adjusted earnings per share of $1.60 to $2.00, with revenue growth in the high single digits. "We're well positioned to have a strong year," Culp said.

Through 2025, GE expects profit margins at GE Aerospace to be about 20 per cent, company executives told investors at a conference in Ohio. A jump in air travel has driven up sales at its aerospace division, which makes and services engines for Boeing and Airbus jets. The company expects the aerospace business to generate double-digit revenue growth this year, translating into an operating profit of $5.3 billion - $5.7 billion.