Previous close | 19.32 |
Open | 19.51 |
Bid | 19.62 x 0 |
Ask | 19.74 x 0 |
Day's range | 18.60 - 19.82 |
52-week range | 18.60 - 56.88 |
Volume | |
Avg. volume | 306,200 |
Market cap | 1.966B |
Beta (5Y monthly) | 2.52 |
PE ratio (TTM) | N/A |
EPS (TTM) | -4.43 |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | 10 Dec 2014 |
1y target est | 53.63 |
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.
The Montreal-based planemaker said the Global 8000 will become the world's fastest business jet with an ultra-long range of 8,000 nautical miles (9,206 miles) and a top speed of Mach 0.94 (721 miles per hour). The plane will enter service in 2025 and compete with high-end models offered by rivals General Dynamics and France's Dassault Aviation - the Gulfstream G700 and Falcon 10X, respectively. Bombardier said the Global 8000 will have a list price of $78 million, slightly higher than the $75 million which its predecessor and the company's flagship Global 7500 lists for.
Bombardier shares tumbled 3% in morning trade. Corporate jet makers are reporting swelling order backlogs, as affluent passengers continue flying private during the COVID-19 pandemic. Chief Executive Eric Martel told analysts Bombardier would look to reassess 2022 free cash flow guidance of greater than $50 million later this year, after generating $173 million from continuing operations during the first quarter.