Jet engine manufacturer Pratt & Whitney on Tuesday posted its second consecutive quarterly loss as the aviation industry’s slump caused by the coronavirus drags down sales and profit.

Parent company Raytheon Technologies Corp. said Pratt & Whitney lost $43 million in the third quarter, down 108% from the same period last year. The loss was driven primarily by a drop in commercial aerospace sales, but was partially offset by cost-cutting and military aerospace sales.

Sales of $3.8 billion in the July 1-to- Sept. 30 period were down 28% from the third quarter of 2019.

The third-quarter loss was smaller than the $151 million loss Pratt & Whitney posted in the second quarter that ended June 30.

, Raytheon Technologies posted sales of $15 billion up 30% from the same period in 2019, but falling short of the $15.1 billion consensus estimate of Zacks Investment Research.

Net income of $264 million, or 17 cents per share, was down 77% from last year’s third quarter.

In pre-trading, shares were down 3.5%, to $58.76.

At Pratt & Whitney, manufacturing was down 30% and repair and maintenance for commercial aircraft slid 51%, due primarily to a steep drop in shop visits and related sales of spare parts due to the coronavirus.

Military sales were up 11%, reflecting stronger sales of engines that equip the 135 fighter jet, overhauls of the F117 overhauls and rising repairs and overhauls “on multiple fighter jet platforms,” Ratheon Technologies said.

Collins Aerospace, Raytheon Technologies' manufacturer of cockpit and flight data equipment and other airline parts and components, posted sales of $4.3 billion, down 34%, and profit of $73 million, a 94% drop from the third quarter of 2019.

Stephen Singer can be reached at [email protected].

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