Bombardier announces solid first quarter financial results

Bombardier announced its first quarter financial results on May 6 and it was indeed a very positive start to the year, with revenues up 18% year over year to $1.3 billion. Delivery expectations in the first quarter are expected to be 26 aircraft, with annual projections of 110 to 120 aircraft.

“These financial results validate the actions we have taken to reposition our business and reflect the progress we are making on our strategic priorities,” said Bombardier president and CEO Éric Martel. “The first quarter was a strong start to the year, with our cost reduction initiatives beginning to contribute to the bottom line, continued progress of our Global 7500 learning curve and robust demand supporting significant year-over-year margin expansion. Looking ahead, our markets are continuing to show signs of improvement and our plans and financial performance for the year remain on track.”

For more information on the first quarter results, please visit the Bombardier website.