Bombardier ends first quarter with revenues down 12% YoY, $14bn in order backlog

Bombardier’s first quarter earnings report has revealed its revenues were down 12% YoY to $1.3bn and its net income for the quarter was down from $302 million in 2023’s first quarter to $110 million in this year’s quarter. Its adjusted earnings per share was down 70 cents from $1.06 to 36 cents YoY. The company said its decline in revenues were largely due to “lower large aircraft deliveries partly offset by higher medium aircraft deliveries and services revenues increased by $53 million year-over-year.” Its first quarter saw 12 medium business aircraft deliveries, up from eight in 2023, and its large