Revenue from Bombardier’s transportation unit fell 2.5 per cent, hit by the pandemic and several-low margin projects.While corporate aircraft deliveries are expected to decline industry-wide by 30 per cent in 2020 due to the pandemic, plane makers are encouraged by revived activity, including a rebound in private flights.
The company’s business aircraft order backlog, however, declined to US$12.2 billion from US$14.4 billion a year ago. Bombardier’s margins and earnings before interest, taxes, depreciation and amortization took a hit on higher initial production costs for the Global 7500 jets and lower deliveries.
An earning miss for Bombardier! Just more of the ususal Time for another bailout and bonuses for the execs.
Curious, how do the Liberal/Green cultists reconcile a pride 'n joy Quebec company thats very existence is 100% fossil fuel dependant with their warcry of climate emergency and us all being dead in 8 to 12 years ?
Sounds like it’s time for another bailout