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Bloomberg
General Electric (GE) Co predicted slow gains in operations this year and next after the coronavirus pandemic battered results in the second quarter.
The jet-engine division has tracked “early signs of improvement†in flight departures on the path to a lengthy recovery, GE said in a presentation as it reported results. The company burned through $2.1 billion in industrial free cash in the second quarter, less than the $3.3 billion drain expected by analysts.
“It’s really about sequential improvement from here,†Chief Executive Officer Larry Culp said on a call with
analysts.