Aircraft
Global 7500 Boosts Bombardier Q1, but Rocky Q2 Ahead
Bombardier delivered 26 business jets in the first quarter, but production disruption, sales declines, and delivery shifts will erode Q2 results.
Bombardier, continuing to ramp up on Global 7500 production, delivered six in the first quarter and says that despite the Covid-19 uncertainties, the order book remains solid. However, production disruptions might hold down total deliveries this year and will significantly harm second-quarter results. (Photo: Bombardier)
Bombardier, continuing to ramp up on Global 7500 production, delivered six in the first quarter and says that despite the Covid-19 uncertainties, the order book remains solid. However, production disruptions might hold down total deliveries this year and will significantly harm second-quarter results. (Photo: Bombardier)

Acceleration in Global 7500 deliveries helped provide a 5 percent boost in Bombardier’s overall revenues to $3.7 billion in the first quarter, but a “significant” decline in order intake that began in March, coupled with Covid-19-related disruptions, has the company evaluating production-rate adjustments for the rest of the year, the company reported Thursday morning.