Bombardier reports first quarter results: highlighting continued progress

Bombardier reported its first quarter 2022 financial results on May 5, marked by strong aftermarket performance, a growing backlog, and robust free cash flow generation. 

“We took off quickly this year, bolstered by the positive performance from last year and sustained favourable market conditions…we continue to accelerate our momentum on the path towards our long-term objectives,” said Éric Martel, President and Chief Executive Officer, Bombardier. 

With its strong portfolio of world-leading business jets and an expanding service network, Bombardier is uniquely positioned to capitalize on the demand for both new jets and services. Revenues from business jet sales and aftermarket services totaled $1.2 billion in the first quarter of 2022, as business jet utilization and flight hours continue to increase world-wide. Bombardier delivered 21 aircraft in the first quarter, tracking well towards the full year guidance of more than 120 deliveries.  

Bombardier also reported record aftermarket revenues, a ~34% improvement over the same quarter last year. This improvement represents Bombardier’s commitment to providing excellent aftermarket services, including the expansion of its service network.