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Honeywell Aerospace (HONA) says that commercial aftermarket demand remains exceptionally strong and above entitlement despite flattening air traffic and Mid East pressure
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Honeywell Aerospace affirmed strong aftermarket demand and resilient business aviation, noting spare parts revenue pressure stemmed from supply allocation to OE rather than weakening demand despite recent Wall Street downgrades.
News detail
Co. has seen zero M/M deterioration in its entitlement, whilst high-end business aviation remains resilient. Limit supply growth forced greater allocation to OE, mostly in Q2, which temporarily pressured higher-margin spare parts revenue rather than reflecting weaker demand.
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