Register

Cessna Revenues Climb, Losses Drop

Gemini Sparkle

Key Takeaways:

  • Cessna Aircraft reported significant financial improvements in Q1, with revenue increasing to $669 million and losses substantially reduced from $38 million to $6 million.
  • The company delivered more Citation jets (38 vs. 31 a year ago) and saw higher after-market volumes, signaling positive momentum.
  • Despite a general positive trend, demand for Cessna's Mustang business jet remained weak.
See a mistake? Contact us.

Cessna Aircraft showed positive momentum in the first quarter of the year, posting a big revenue increase to go along with reduced losses as the company delivered more airplanes.

Cessna reported $669 million in revenue in the quarter, compared with $556 million a year ago, according to numbers released by parent Textron. Cessna also posted $6 million in losses, down from a loss of $38 million a year ago.

Ready to Sell Your Aircraft?

List your airplane on AircraftForSale.com and reach qualified buyers.

List Your Aircraft
AircraftForSale Logo | FLYING Logo
Pilot in aircraft
Sign-up for newsletters & special offers!

Get the latest stories & special offers delivered directly to your inbox.

SUBSCRIBE