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.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Burger King, Tim Hortons sales power earnings beat for parent Restaurant BrandsRestaurant Brands International beat estimates for quarterly results on Tuesday, boosted by higher prices and strong demand at its Burger King and Tim Hortons chains.
Bron: CTVNews - 🏆 1. / 99 Lees verder »

Nova Scotia’s Black Business Initiative expands to the rest of Atlantic Canada amid demand for servicesBlack Business Initiative to receivw $2.3-million over three years to expand its services through the Black Entrepreneurship Program Ecosystem Fund
Bron: globeandmail - 🏆 5. / 92 Lees verder »