Bombardier slashes earnings forecast; reassessing Airbus partnership

Canadian plane and train maker Bombardier Inc said on Thursday it expects 2019 full-year results to be lower than previously forecast, hurt partly by challenging rail projects and a delay in delivery of its Global 7500 business jets.

Delivery of four of its Global 7500 jet would slip into the first quarter of 2020, Bombardier said. Investors and analysts closely watch deliveries of its jet, which lists for US$73 million, and are a key revenue driver for Bombardier. This comes at a time when the Montreal-based company is in the middle of a broader restructuring, focusing on its more profitable business jet and rail units. It also expects the timing of milestone payments and new orders at its Transportation unit to weigh on 2019 results.

One must then ask....why are they in this business?

Constantly selling scrap snd bailing them out is not good for CANADA... ENOUGH NO MORE MONEY NO MORE BAIL OUTS.

Cocaine and hookers affect the bottom line .... just saying

Federal bailout incoming!

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Cannabis company Aphria cuts outlook for 2020, reports second-quarter lossCannabis company Aphria Inc. slashed its outlook as it reported a loss in its latest quarter. Under Conservatives, liberal media would blast them for 1) Having sent costly delegations to the one of the world's most successful cannabis markets (Colorado) and not implementing their model. 2) Having cornered and handed the market to Bay Street. 3) Failing Blackface, pass Pay them CEO's eh. Ford is getting what he wants for his conservative base. The province loses in big time economic growth and off shoot businesses.
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