MTU's commercial engine maintenance activity is still resisting the crisis |
| Romain Guillot |
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05 NOV 2020 | 149 words
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© MTU Aero Engines |
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MTU Aero Engines presented its third quarter financial results and its new guidance for the year. Regarding its commercial engine MRO activity, the German engine manufacturer posted a turnover of 1.8663 billion euros over the first 9 months of the year, down 6.5% compared to the same period in 2019.
MTU specifies that the decrease in engine maintenance was partially offset by the updates to be made on the PW1100G-JM (GTF).
MTU's civil MRO activity posted a positive result of 116 million euros over the period (187.4 million in 2019), its profitability being impacted by the greater proportion of retrofit work on GTFs which are part of the engine warranty.
MTU Maintenance now expects an organic revenue reduction in the commercial maintenance business for the year "in the mid-single-digit percentage range", against a decrease to a low-to-mid single-digit percentage range estimated in its previous forecasts.
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Romain Guillot
Chief editor
Cofounder of Journal de l'Aviation and Alertavia
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