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Bombardier reports its Q1 2017 results

17/05/2017 16:43

According to the Bombardier Inc. quarterly report, in Q1 2017, the deliveries of the Bombardier Business Aircraft division fell by two planes, as compared to last year, down to 29 aircraft. At the same time, the manufacturer’s income fell by almost 30% due to the “unfavourable structure of supply”, as in Q1 2017, one has delivered more business jets of the Learjet family and less expensive Global ones.

In total, the company delivered five Learjet 70/75s, nine Challenger 350s, six Challenger 650s, one Challenger 850 and eight Global 5000/6000s in Q1 2017, as compared to one Learjet, the 14th Challenger 350, two Challenger 605s and a 14th Global one during the first three months of last year. Nevertheless, Alain Belmara, President and CEO, Bombardier Inc., confirmed the company’s forecast for the supply of 135 business jets this year. He described Global’s quarterly sales as “soft”, but added that the Challenger family is selling “very well”.

Quarterly revenues of Bombardier Business Aircraft, as compared to the same quarter of the previous year, fell by almost US $300 million, down to US $1,007 million. At that, operating profit decreased by only US $8 million, down to US $74 million. The ratio was 1:1, as regards ordered and delivered business aircraft during the quarter.

At the end of the first quarter, the Bombardier Business Aircraft’ portfolio capacities amounted US $15.2 billion, which is by US $200 million less, as compared to the end of last year.

Source - http://www.bizavnews.ru/





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