Embraer reports $42.5 million loss in Q1 2019

Darren Wood
By Darren Wood May 15, 2019 13:45

Embraer reports $42.5 million loss in Q1 2019

Embraer has reported a loss of $42.5 million in its first quarter 2019 financial results.

Adjusted net loss for the group’s first three months of 2019 was $61.8 million, an increase from the adjusted net loss reported in the same period last year of $60.5 million.

The manufacturer posted revenue of $823.3 million in the period.

Embraer delivered 11 commercial jets and 11 executive jets, eight light and three large in the first quarter of 2019, as the firm’s order backlog at the end of the period was $16 billion considering all deliveries as well as firm orders obtained during the period.

Darren Wood
By Darren Wood May 15, 2019 13:45