Bombardier Ekes Out Gain in 3Q Bizjet Deliveries
Bombardier Aerospace’s third-quarter revenues were flat at $2.3 billion year-over-year, but pre-tax profits at the Canadian aircraft manufacturer slipped by $6 million, to $123 million. Meanwhile, net deliveries of both regional airliners and business jets stood at 57 aircraft in the quarter, down from 68 a year ago. However, it added net orders for 83 aircraft and built a book-to-bill ratio of 1.5:1, compared with net orders for 34 aircraft during the same period last year.
On the business jet side, third-quarter revenues increased to $1.243 billion, versus $1.103 billion last year. More deliveries in the large business jet category and higher selling prices of business aircraft contributed to $140 million of this gain, Bombardier noted.
The manufacturer delivered 43 business jets–including one handed over to its Flexjet fractional aircraft subsidiary–during the third quarter, which is one more than during the same time frame last year. In the first nine months, the company shipped 119 business jets, four more than it did in the first three quarters a year ago.
Order backlogs at Bombardier’s business jet division were all within or exceeded the company’s targeted ranges; it has seven months of Learjet orders (target range six to nine months); 19 months for Challengers (range 15 to 18 months); and 34 months for Globals (range 24 to 28 months). Its book-to-bill ratio for business jets in the third quarter was 1:1, though in the first nine months it has averaged 1.8:1.