Bombardier swings to profit on deliveries of pricier business jets
MONTREAL (Reuters) – Bombardier Inc swung to a first-quarter adjusted profit, helped by increased deliveries of its pricier planes, the business jet maker said on Thursday. Montreal-based Bombardier said it generated quarterly revenue of $1.5 billion, up 17% from the same period last year, on deliveries of more medium and large-cabin corporate jets. Adjusted net income was $113 million, compared with a loss of $69 million a year earlier. (Reporting […]