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Safran's Q1 Revenue Soars 19% Amid LEAP Engine Delivery Surge

Wall Street Journal US Business •
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Safran Aircraft Engines reported a 19% increase in adjusted revenue to 8.62 billion euros ($10.12 billion) in Q1, driven by a surge in LEAP aircraft engine deliveries. The French aerospace leader’s consolidated revenue reached 8.49 billion euros, up from 7.38 billion euros in the same period last year. Engine production ramp-ups and expanded order backlogs fueled the growth, with LEAP engines accounting for a significant portion of the gains. Safran’s stock closed at -3.51% despite the strong financial results, reflecting broader market volatility in aerospace sectors.