Embraer optimistic about quarters ahead as Q2 profit blows past estimates

Brazilian planemaker Embraer Monday shot past market estimates for Q2 results, with its CE voicing optimism about upcoming quarters for the company. Francisco Gomes Neto said in an interview there is a "good chance" Embraer will deliver 80 or more commercial aircraft next year, up from a higher-end forecast of 70 in 2023, and return to a level of 100 or more by 2025, or 2026. The world's third-largest plane manufacturer - after Airbus and Boeing - last topped 100 deliveries in 2017, before hitting snags in an attempted deal with Boeing and then COVID-19-related hold-ups. "Despite the supply chain challenges, we are very optimistic about this year after a good Q2," Gomes Neto said. "We expect Q3 to be good as well and an even better Q4, with new deals in the commercial and defense units expected in the second half." The Brazilian company had previously disclosed deliveries of 47 aircraft in the quarter, seen as a positive sign by analysts who believe Embraer will meet its target this year of delivering up to 200 jets overall - both commercial and business. "We're working hard so next year we can better spread out production and deliveries throughout the year, which will further improve the company's performance," Gomes Neto added.<br/>