04:57:54 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



Bombardier Inc (2)
Symbol BBD
Shares Issued 87,005,015
Close 2023-11-02 C$ 50.20
Market Cap C$ 4,367,651,753
Recent Sedar Documents

Post/CP say Bombardier increases Q3 revenue 28%

2023-11-03 09:40 ET - In the News

The Financial Post reports in its Friday edition that Bombardier posted a revenue leap of 28 per cent in its latest quarter as the company pledged it would meet its business jet delivery target for the year, even amid supply chain pressures and fewer private jet-setters. A Canadian Press dispatch to the Post says that the cash surge rode on a wave of plane deliveries and a swelling aftermarket -- the services range from maintenance to parts sales and repair. Bombardier delivered 31 business jets in the quarter ended Sept. 30, up six aircraft from the same period in 2022 and bringing the year's total to 82 so far. The tally nonetheless puts a hefty burden on the company as it strives to produce at least 56 more, nearly double what it just churned out, to meet its forecast of at least 138 planes by the end of 2023. Chief financial officer Bart Demosky reiterated that supply strains persisted and stressed the need to smooth out kinks in the chain. "The entire industry has been struggling with an exceptionally difficult supply chain," Mr. Demosky said. Meanwhile, use of private planes has plateaued since the pandemic highs of 2021. Globally, business jet activity fell 4 per cent in the first 10 months of the year.

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