Aerospace group Melrose's revenue outlook triggers share price slide
GKN Aerospace owner Melrose forecast 2025 revenue below most analysts' expectations, sending its shares sharply lower on Thursday, as global trade uncertainties and industry-wide supply chain challenges persist. Production delays and supply chain issues at top plane makers Boeing and Airbus have hurt aerospace, but Melrose has benefited from growing demand for after-market services as airlines extend the use of older aircraft. "We are well positioned for further progress in 2025, including the expected delivery of substantial free cash flow, despite ongoing industry challenges," CEO Peter Dilnot said.