Business jet maker Bombardier posts smaller second-quarter loss
FILE PHOTO: Bombardier's logo is seen on the building of the company's service centre at Biggin Hill, Britain March 5, 2018. REUTERS/Peter Nicholls/File Photo
August 5, 2021
(Reuters) – Canadian business jet maker Bombardier Inc reported a smaller second-quarter loss on Thursday as demand for private jets from corporates and wealthy buyers returned after the pandemic sapped sales last year.
The Montreal-based company posted an adjusted net loss of $137 million, or 6 cents per share, in the quarter ended June 30, compared with a loss of $248 million, or 11 cents, a year earlier.
(Reporting by Sanjana Shivdas in Bengaluru and Allison Lampert; Editing by Saumyadeb Chakrabarty)
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