And for the future, we're advancing the technology that will define the future of flight across both commercial and defense with approximately $3 billion in annual R&D spending.

Apr 22, 2025 / CEO / receipt, needs a key / Larry Culp, CEO | earnings call 2025-04-22 | transcript c35486f1-a9a4-4dea-8a24-c90107c81988 | chars 1957-2134 | segment 2

All said, GE Aerospace is accelerating our progress with lean and driving value long-term, all in service of our customers who carry the $3 billion people traveling with our engines under wing each year.

Jan 23, 2024 / CEO / receipt, needs a key / Larry Culp, CEO | earnings call 2024-01-23 | transcript 5422dcf2-d8e4-4d2b-8520-f70d68392b25 | chars 4586-4789 | segment 4

Looking at the market, the recovery has strengthened as the world is eager to travel. GE and CFM departures continue to improve, currently at 97% of 19 levels, and we still expect to be back to 19 levels later this year.

Apr 25, 2023 / CEO / receipt, needs a key / Larry Culp, CEO | earnings call 2023-04-25 | transcript 1b303205-16df-448d-bf8c-89d865a1db64 | chars 7782-8002 | segment 7

Along with our customers, GE remains confident in the recovery while actively monitoring the impact of travel restrictions.

Jan 26, 2022 / CEO / receipt, needs a key / Larry Culp, CEO | earnings call 2022-01-26 | transcript b59db361-357d-4a9b-9ecb-0aea9f788765 | chars 12434-12557 | segment 12

We expect this acceleration in traffic to continue as travel restrictions lift and vaccination rates increase.

Oct 26, 2021 / CEO / receipt, needs a key / Larry Culp, CEO | earnings call 2021-10-26 | transcript d314a1d7-6a7b-4fd5-9366-153ad8156ae1 | chars 3002-3112 | segment 3

A similar situation also transpired at power services, where travel restrictions caused by COVID-19 impacted our field personnel.

Apr 29, 2020 / CEO / receipt, needs a key / Larry Culp, CEO | earnings call 2020-04-29 | transcript 8f39bd3d-5df4-47bd-8706-2947b8fc6f23 | chars 7194-7323 | segment 7

Specifically at power, we're experiencing outage delays and restrictions in field service travel and we're monitoring new unit orders and services.

Apr 29, 2020 / CEO / receipt, needs a key / Larry Culp, CEO | earnings call 2020-04-29 | transcript 8f39bd3d-5df4-47bd-8706-2947b8fc6f23 | chars 9327-9474 | segment 9