Bombardier Reports Soft 1st Quarter
By Kerry Lynch
Bombardier executives last week were encouraged by slowing business jet cancellations, despite a sluggish first quarter that saw revenues and earnings slide. Bombardier Aerospace took in $1.9 billion in revenues in the company’s fiscal first quarter that ended April 30, down from $2.2 billion from a year earlier. Earnings before income and taxes (EBIT), meanwhile, dipped from $110 million (or 5%) in the first quarter a year ago to $89 million (or 4.6%) this year ...
