Nov 3 (Reuters) – Bombardier Inc ( BBDb.TO ) reported an adjusted loss for the quarter on Thursday, as strong aircraft demand boosted the business jet maker’s margins.
The Montreal-based company’s third-quarter loss fell to $2 million from $95 million a year ago.
Makers of corporate jets are reporting swelling order balances, particularly in the United States, the world’s largest business aviation market, amid persistently strong demand for aircraft. Read more Read more
However, aircraft manufacturers face pressure from supply chain and labor disruptions, as well as higher inflation and broader concerns about the global economy.
Bombardier reported quarterly free cash flow of $52 million, compared with $100 million last year.
Revenue rose slightly to $1.46 billion from a year ago. Analysts on average were expecting revenue of $1.6 billion, according to Refinitiv data. It was not immediately clear whether the figure was comparable.
Reporting by Alison Lampert in Montreal and Abhijit Ganapavaram in Bengaluru; Editing by Vinay Dwivedi
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