Bombardier’s third-quarter revenue rises 12% on services business boost

📆 07/11/2024 08:46:00
📰 globebusiness

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Bombardier reported cash burn, a metric closely watched by investors, of $127-million during the quarter, compared with a positive cash flow of $80-million in the same period last year

said on Thursday its third-quarter revenue rose 12 per cent, helped by strong demand for business jet parts and repairs.

Despite an 18-day strike in July at one of its Canadian facilities, Bombardier delivered 30 jets during the third quarter ending September, compared with 31 aircraft a year earlier.

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