Textron Boss Shrugs Off Aviation Loss in Third Quarter
Textron Inc. CEO Scott Donnelly expects Textron Aviation's losses to be temporary following order activity in the third quarter.
Textron Aviation saw an increase in orders for its Citation light and midsize jets in the third quarter. (Photo: Textron Aviation)
Textron Aviation saw an increase in orders for its Citation light and midsize jets in the third quarter. (Photo: Textron Aviation)

Despite posting back-to-back quarterly losses for the first time in several years, Textron Inc. CEO Scott Donnelly is bullish on subsidiary Textron Aviation’s prospects in the next quarter which, based on order activity between July 1 and September 30, should soften the impact of the losses the Wichita-based airframer recorded in the second and third quarters. “While the pandemic impacted volume in the quarter we did see aircraft utilization levels continue to recover and we’re encouraged by new order flow,” Donnelly told analysts on a conference call following today’s release of financial results.