Feb 13 (Reuters) - Howmet Aerospace Inc on Tuesday forecast first-quarter profit and revenue above Wall Street estimates, helped by high demand for jet parts as planemakers ramp up production.

Shares of the aerospace parts maker were up 1.31% in light premarket trading.

Plane manufacturers are increasing their pace of production to cash in on a post-pandemic travel boom, benefiting parts suppliers such as Howmet, which counts Airbus SE and Boeing Co as its customers.

For full-year 2024, Howmet also assumed 737 MAX production at 34 builds per month and Airbus A320 at 56 per month.

"We expect growth to continue in 2024, albeit with a cautious view until we see sustained achievement of build rate increases at aircraft OEMs," CEO John Plant said in a statement.

Howmet, one of the main suppliers of aerospace castings, expects current-quarter revenue between $1.73 billion and $1.75 billion, ahead of analysts' estimates of $1.71 billion, according to LSEG data.

It expects first-quarter adjusted earnings between 50 cents and 52 cents per share, ahead of estimates of 50 cents.

Howmet's net income for the quarter ended Dec. 31 came in at 57 cents per share, up from 26 cents per share a year earlier.

Quarterly revenue rose 14% to $1.73 billion. (Reporting by Anandita Mehrotra and Pratyush Thakur in Bengaluru; Editing by Shailesh Kuber)