|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||14.45 - 14.45|
|52-week range||8.99 - 14.45|
|Beta (5Y monthly)||2.61|
|PE ratio (TTM)||8.20|
|Forward dividend & yield||0.53 (3.66%)|
|Ex-dividend date||30 Mar 2022|
|1y target est||N/A|
(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.
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...
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.