Reported 18 days ago
Bombardier reported a 12% increase in third-quarter revenue, driven by strong demand in its services sector, which grew by 28% to $528 million. Despite reporting a cash burn of $127 million, the company's overall revenue reached $2.07 billion, exceeding analyst expectations. Bombardier's CEO noted a resilient market, though challenges with supply chains persist. The company aims to enhance its aftermarket services and forecasts a target of $2 billion in services revenue by 2025, while maintaining its annual jet delivery goals.
Source: YAHOO