GE Aviation Just Won a Huge Order | The Motley Fool : vimars

GE Aviation Just Won a Huge Order | The Motley Fool


Author Bio
Adam Levine-Weinberg is a senior Industrials/Consumer Goods specialist with The Motley Fool. He is an avid stock-market watcher and a value investor at heart. He primarily covers airline, auto, retail, and tech stocks. Follow him on Twitter for the latest news and commentary on the airline industry! Follow @AdamLLW
It's no secret that 2020 was a rough year for the global aviation industry.
General Electric's (NYSE:GE) massive aviation business didn't escape the carnage. Revenue fell 33% year over year to $22 billion. Orders dropped 41% to $21.6 billion. Segment profit plummeted 82% to $1.2 billion. And free cash flow fell to zero from $4.4 billion in 2019.

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