Bombardier reports smaller quarterly adjusted loss on business jet demand

on Thursday reported a smaller quarterly adjusted loss, as the business jet maker generated more margins from sales of its flagship plane to wealthy travellers who are increasingly flying private due to the pandemic.

Bombardier said its backlog rose by $1.3-billion to $13.5-billion since the beginning of 2022, as affluent passengers continued flying private despite a rebound in airline traffic. The company’s first quarter book-to-bill, which measures orders to deliveries, was 2.5 on strong sales activity. The company reported an adjusted loss of 3 cents per share in the reported quarter, compared with a loss of 7 cents per share, a year earlier.

Crooked corporation.

When you kill transportation you kill Canadian businesses.

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