The German engine maker reported adjusted quarterly revenue of €2.43 billion, above the company-compiled consensus of €2.37 billion. Maintenance, repair and overhaul revenue reached €1.72 billion, while adjusted operating profit in the segment rose 20%.
MTU now expects full-year revenue of €9.5 billion to €9.7 billion. Reuters said airlines are keeping engines in service longer as supply-chain constraints and delayed aircraft deliveries increase maintenance demand.
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