GE has reported a fall in second quarter revenues by 24% to $17.7bn, down 20% on organic revenue to $16.3bn. Both GE Aviation and GE Capital Aviation Services (GECAS) have been hit hard by the global pandemic. “Many of the drivers we saw in March: airlines, conserving cash, not flying the planes they have, limiting maintenance spend and deferring orders, are still relevant today,” said GE Chairman and CEO H. Lawrence Culp, Jr., on the GE earnings webcast. “We’re aggressively managing these businesses with costs and cash actions and partnering closely with our customers on a daily basis.” GE Aviation

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