What Happened
Canadian Airframer Overcomes Delivery Delays To Post Strong Quarter
Bombardier has reported a $53 million profit in the first quarter, up 20% year on year, despite facing supply chain issues that delayed some deliveries. The company delivered 24 aircraft in the quarter, up from 23 in the same period last year, and generated $1.6 billion in revenue, a 5% year-on-year bump. According to FlightGlobal, Bombardier has addressed the supply chain problem and expects to catch up on deliveries as the year progresses.