Bombardier reports USD225m revenue decline in 1Q2010, commercial deliveries down 50%
Bombardier reported a USD225 million decline in net revenue in 1Q2010, as revenue from commercial aircraft dropped by CAD301 million, a decline of nearly 50% year-on-year. Net profit was USD153 million, a marginal decrease on the USD158 million earned in 1Q2009. The result, in a difficult climate for the manufacturer, sent Bombardier’s shares up 4.8% in trading yesterday.
