Embarer delivered its 1,500th business jet, a Phenom 300E, on September 3.Embraer
Key Takeaways:
Embraer anticipates 2021 to be its first profitable year since 2017, driven by improved sales in both business and commercial aviation, despite a Q3 loss.
The company reported a significant $16.8 billion backlog and expects to generate positive free cash flow for the year, indicating a strong recovery.
Key segment achievements include a major E175 order from SkyWest Airlines, the delivery of Embraer's 1,500th business jet, and military aircraft deliveries to the Nigerian Air Force.
In its third-quarter earnings call Friday, Embraer said that despite posting a loss for the quarter, it expects 2021 to be the company’s first profitable year since 2017, beating its own expectations.
The $45 million, third-quarter loss the company reported is a stark improvement year-to-date, compared to the $121 million loss reported for the third quarter of 2020.
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Michael Wildes holds a master’s degree in Logistics & Supply Chain Management, and a bachelor’s degree in Aeronautical Science, both from Embry-Riddle Aeronautical University. Previously, he worked at the university’s flight department as a Flight Check Airman, Assistant Training Manager, and Quality Assurance Mentor. He holds MEI, CFI & CFII ratings. Follow Michael on Twitter @Captainwildes.
