1Q17 Bizjet Revenues and Deliveries Slide at Bombardier

First-quarter deliveries at Bombardier Business Aircraft slid by two units from a year ago, to 29 aircraft, while revenues plunged nearly 30 percent due to a more “unfavorable mix,” according to a financial report that the Canadian company released today. The delivery mix included more of its entry-level Learjets and fewer higher-end Globals.

More specifically, the company shipped five Learjet 70/75s, nine Challenger 350s, six Challenger 650s, one Challenger 850 and eight Global 5000/6000s in the quarter compared with one Learjet, 14 Challenger 350s, two Challenger 605s and 14 Globals in the first three months of last year. However, Bombardier Inc. president and CEO Alain Bellemare reconfirmed his company’s estimate of 135 business jet deliveries for this year.

Revenues at Bombardier Business Aircraft fell by nearly $300 million year-over-year in the quarter, to $1.007 billion, while earnings took an $8 million hit, settling in at $74 million. Book-to-bill was just shy of 1:1, as the business jet backlog eased by $200 million from late last year, ending the first quarter at $15.2 billion. Bellemare characterized Global sales in the quarter as “soft,” but added that its midrange Challenger models are doing “extremely well.”