Textron Aviation Posts Loss, Delivery Drop During Covid
Textron Aviation reported a $66 million loss and 50 percent drop in Citation deliveries to 23 in the second quarter.
Despite seeing deliveries cut in half in the second quarter of 2020, Textron Aviation began to see improved sales dialogue, particularly with the M2 and King Air 250, Textron chief Scott Donnelly told analysts.
Despite seeing deliveries cut in half in the second quarter of 2020, Textron Aviation began to see improved sales dialogue, particularly with the M2 and King Air 250, Textron chief Scott Donnelly told analysts.

Textron Aviation posted a $66 million loss and a 50 percent drop in Citation deliveries in the second quarter as the Covid-19 pandemic spurred production stoppages, slower sales activity, and delivery delays. However, Scott Donnelly—chairman, CEO, and president of parent Textron Inc.—told analysts on Thursday that he expects improved results moving forward, noting that sales activity has picked up and production has resumed.