Loss of $ 36 million from Bombardier in Q2
Bombardier received a loss of US $ 36 million in the second quarter of the current fiscal year, while the company reported a net profit of US $ 70 million in the same period a year ago.
The e Adjusted net income was US $ 87 million in the second quarter of 2018. This year, in this regard, a loss of US $ 47 million was reported for the quarter that ended June 30
Bombardier’s revenues increased to US $ 4.344 billion in the second quarter of 2019 compared to US $ 4.262 billion a year earlier.
The Montreal-based multinational primarily attributes its organic revenue growth to increased aircraft deliveries, as well as the performance of aftermarket activities fueled by previous investments to expand the network and the service capabilities of Business Aircraft. The company also reports on progress across the rail portfolio.
In the second quarter, Bombardier completed the sale of the Q Series program and announced the sale of the CRJ program to Mitsubishi Heavy Industries. The quarter was also marked by the first anniversary of Bombardier’s partnership with Airbus; nearly 300 new orders and new commitments to the order book were added during the year.