Nov 6 (Reuters) - Howmet Aerospace ( HWM ) raised its

full-year profit forecast on Wednesday, driven by robust demand

for its engine products from planemakers looking to cater to a

surge in air travel demand.

Shares of the company, which supplies to both Airbus

and Boeing ( BA ), jumped 4.2% as third-quarter profit

also topped estimates.

Howmet, one of the main suppliers of aerospace castings, now

expects 2024 annual adjusted earnings between $2.65 and $2.67

per share, up from its prior guidance of $2.53 and $2.57 per

share.

"Revenue growth of 11% year over year took account of

actions which restricted volumes shipped to the Boeing Company ( BA )

and notably weaker Europe market conditions impacting forged

wheels," CEO John Plant said in a statement.

The company said the 2025 demand outlook for commercial

aerospace remains robust, driven by healthy air traffic growth,

and forecasts total revenue growth of about 7.5% year over year.

Pennsylvania-based Howmet, however, slightly trimmed its

2024 revenue forecast to between $7.39 billion and $7.43

billion, down from its prior forecast of $7.40 billion and $7.48

billion.

In the third quarter, commercial aerospace sales were up 17%

which helped boost the company's overall sales to $1.84 billion,

compared with $1.66 billion in the previous year.

On an adjusted basis, the company earned 71 cents per share

for the quarter ended September 30, ahead of estimates of 65

cents per share, as per LSEG data.