Cancellations Continue Into Q2 as Cessna’s Revenues Drop
According to a report from parent company Textron, Cessna delivered 84 Citations in the second quarter of this year, compared with 117 for the same time period last year. Revenues also decreased by $630 million, a shortfall of some 42%. Profits were down also, to $48 million (from $214 million) due to low sales volume […]