Embraer posts Q3 net loss
Embraer made a US$33.7m net loss in Q3, up from the US$29.2m loss it reported in Q3, 2015. The Brazilian plane maker said adjusted net income, excluding non-recurring items, was USD$79.1 million, an increase from last year’s US$71.5m. Revenue for the quarter to September 30 was US$1.514b, a 17.9% increase from the same period in 2015. During the quarter, Embraer delivered 29 commercial aircraft and 25 executive jets. Its order backlog was US$21.4b, down from the US$22.8b reported in Q3 last year. During the quarter, Embraer showed the first E190-E2 prototype at the Farnborough Airshow. The E190-E2 is due to enter service in the first half of 2018.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-11-01/general/embraer-posts-q3-net-loss
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Embraer posts Q3 net loss
Embraer made a US$33.7m net loss in Q3, up from the US$29.2m loss it reported in Q3, 2015. The Brazilian plane maker said adjusted net income, excluding non-recurring items, was USD$79.1 million, an increase from last year’s US$71.5m. Revenue for the quarter to September 30 was US$1.514b, a 17.9% increase from the same period in 2015. During the quarter, Embraer delivered 29 commercial aircraft and 25 executive jets. Its order backlog was US$21.4b, down from the US$22.8b reported in Q3 last year. During the quarter, Embraer showed the first E190-E2 prototype at the Farnborough Airshow. The E190-E2 is due to enter service in the first half of 2018.<br/>
