Bombardier Inc. (BBD-B.TO)
- Reuters
Bombardier boosts free cash on private flying, shares up 5%
(Reuters) -Business jet maker Bombardier Inc on Thursday reported a smaller second-quarter loss and forecast better-than-expected annual free cash flow, helped by strong demand for private flying, but said it faces supply chain pressures. Montreal-based Bombardier now expects 2022 free cash flow of more than $515 million, compared with its earlier forecast of over $50 million, as orders surge. Business jet makers see strong demand for planes and aftermarket services, as private flying in the key U.S. market remains above pre-pandemic levels and Asia recovers, but supply chain constraints are putting pressure on deliveries.
- Simply Wall St.
Investors in Bombardier (TSE:BBD.A) from five years ago are still down 56%, even after 12% gain this past week
It's nice to see the Bombardier Inc. ( TSE:BBD.A ) share price up 12% in a week. But don't envy holders -- looking back...
- Reuters
Bombardier shares hit amid Montreal workers' strike, market selloff
Bombardier Inc shares fell as much as 17.4% on Monday as workers on a key business jet program walked off the job for a day and amid a broader selloff in global markets. The workers are mostly on the company's strong-selling Challenger business jet family, which accounted for just over a third of the company's plane deliveries in 2021. Bombardier has said it would put a contingency plan in place to reduce the impact on operations from the strike.
