Bombardier predicts lower than expected results for first quarter 2019

Bombardier is predicting lower than expected results for its first quarter 2019. The Canadian firm says revenue at its commercial aircraft business is expected to be about $250 million lower, coming in at $1.15 billion. The lower estimate is due to an earlier than anticipated closing of the sale of its business aircraft training business and the Q400 program, the company said. Transportation revenue is expected to be about $750 million lower, coming in at $8.7 billion due to what it said was production ramp-up adjustments and unfavourable currency impact. Meanwhile, Bombardier’s business aircraft division is expected to receive no change,