Safran reported first-half recurring profit of EUR3.24 billion, up 29%, on revenue of EUR17.57 billion, up 19%, as civil spare-parts sales increased 27.9% and helped lift the group to a record 18.4% margin. [1]

The jet-engine maker raised its full-year recurring-profit target to between EUR6.4 billion and EUR6.5 billion and now expects LEAP engine deliveries to grow in the high teens, measured company guidance that still depends on second-half production and demand. [1]

Strong aftermarket sales do not disclose whether growth came from prices or volume, whether airline maintenance bills rose, whether engines returned to service faster, whether shops reduced turnaround times, or whether suppliers cleared the bottlenecks that constrain new-engine deliveries and fleet availability. [1]

Reuters leads with record profitability and a higher forecast, while X remains unverified and the separate fighter-engine venture still faces a future funding decision; the next useful receipts are shop visits, turnaround, airline pass-through, supplier capacity, completed LEAP deliveries, cash flow, program funding, and full-year results, because a full-year target can be raised in July and still miss, while a spare sold does not reveal how long an aircraft waited or what its operator paid to restore service safely. [1]

-- HENDRIK VAN DER BERG, Brussels