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Bombardier Reports Q3 Growth in Revenues

Bombardier has reported growth in both aircraft deliveries and aftermarket business revenues over the third quarter.

Bombardier's Global 7500 business jet.
Bombardier's Global 7500 business jet. [Courtesy: Bombardier]
Gemini Sparkle

Key Takeaways:

  • Bombardier reported a 28 percent increase in third-quarter revenues, reaching $1.9 billion, driven by higher aircraft deliveries and an 11 percent growth in its aftermarket business.
  • The company shipped 31 aircraft in Q3, contributing to a $14.7 billion backlog, and plans to focus on expanding its aftermarket services going forward.
  • CEO Éric Martel praised the "impressive" results, affirming the company's resilience, its position to meet 2023 delivery targets, and its readiness for future output increases.
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Bombardier reported Thursday that its third-quarter revenues came in at $1.9 billion, representing a 28 percent increase compared to the same period last year. The business jet manufacturer attributed the gains to higher deliveries and continued momentum in aftermarket business.

Crediting benefits from the expansion of its service center footprint in 2022, Bombardier noted that its aftermarket business saw an 11 percent year-over-year growth in Q3. The segment accounted for $414 million in revenues for the quarter. The company plans to focus on increasing its share of the aftermarket business going forward.

Kate O'Connor

Kate is a private pilot, certificated aircraft dispatcher, and graduate of Embry-Riddle Aeronautical University.

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