Bombardier posts full-year $981m loss
Bombardier ended 2016 with higher revenues, margins and aircraft deliveries than forecast. Ramp-up of CSeries airliner production is on track with the company’s turnaround plan, Bombardier president and CEO Alain Bellemare said as the company’s 2016 full-year results were posted Feb. 16. Overall, Bombardier ended 2016 with better-than-expected revenues of $16.3b, versus $18.2b the previous year, and earnings of $427m before interest, taxes and special items. The net loss was $981m. For Q4, the company posted revenues of $4.4b versus $5b the previous year and a net loss of $259m.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-02-17/general/bombardier-posts-full-year-981m-loss
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Bombardier posts full-year $981m loss
Bombardier ended 2016 with higher revenues, margins and aircraft deliveries than forecast. Ramp-up of CSeries airliner production is on track with the company’s turnaround plan, Bombardier president and CEO Alain Bellemare said as the company’s 2016 full-year results were posted Feb. 16. Overall, Bombardier ended 2016 with better-than-expected revenues of $16.3b, versus $18.2b the previous year, and earnings of $427m before interest, taxes and special items. The net loss was $981m. For Q4, the company posted revenues of $4.4b versus $5b the previous year and a net loss of $259m.<br/>
