Erginbilgiç said the company would this year meet operating profits targets set in late 2023, two years early.
The manufacturer, which has operations ranging from civil aviation to fighter jet engines and nuclear reactors for submarines, was forced to raise billions of pounds in emergency funding during the pandemic as long-haul air travel ground to a halt.
The company supplies engines for Airbus’s larger, twin-aisle planes, as well as to Boeing’s twin-aisle 787, but it is also considering a return to the lucrative market for jet engines on single-aisle planes.
British jet engine maker’s underlying operating profits rose 55% to £2.5bn in 2024 as it bounces back from Covid crisis.
The FTSE 100 company announced on Thursday its underlying operating profits rose 55% in 2024 to £2.5bn, as it upgraded its guidance for future earnings.
