Bombardier lifts 2025 financial targets amid strong business jet market

Canadian business jet maker Bombardier Inc on Thursday raised its 2025 revenue and free cash flow targets at its investor day, capitalizing on strong demand for private flights. Montreal-based Bombardier said it is now targeting more than $9b in annual revenue by 2025, up from an earlier objective for that year of about $7.5b. Bombardier’s full-year revenue reached $6.9b in 2022. The company is now expected to generate more than $900m in free cash flow, a closely watched metric, by 2025, up from earlier estimates of greater than $500m. Corporate jet makers have reported swelling order backlogs on persistent strong demand for private flying, especially in the United States, the world’s largest market for business aviation. But while demand continues to be strong, supply chain snags and fears of a recession remain headwinds. Bombardier also said it anticipates tripling its revenues from defense sales and services to more than $1b in the second half of the decade.<br/>