Bombardier Aerospace today reported second-quarter revenues of $2.5 billion, up from $2.3 billion a year ago, thanks to “higher deliveries of regional airliners but offset by lower business jet shipments due to the Challenger 350 transition,” noted Bombardier president and CEO Pierre Beaudoin. The division reported a pre-tax profit of $141 million in the quarter, some $3 million more than in the same period last year.
Bombardier Business Aircraft delivered 38 business jets–two Learjet 70/75s, nine Challenger 300/350s, eight Challenger 605s and 19 Global 5000/600s–in the second quarter versus 45 a year ago (four Learjet 60XRs, 16 Challenger 300s, 11 Challenger 605s and 14 Global 5000/6000s). In the first half, Bombardier delivered 81 business jets, three fewer than in the first six months of 2013.
The company took in 30 net orders for business jets during the first half, for a 0.8:1 book-to-bill ratio. Still, Bombardier’s business-jet order backlog in months of production is at or above target levels: 19 months for Learjets (six- to nine-month target); 33 months for Challengers (15- to 18-month target); and 26 months for Globals (24- to 30-month target).