The business jet maker reported a second-quarter profit of $10-million from continuing operations, compared with a loss of $109-million
on Thursday reported higher quarterly revenue and a profit compared with a loss a year ago, helped by demand for pricier business jets despite supply chain pressures.
Results of corporate jet makers have been powered by strong demand from the wealthy for private flying over the last few quarters but companies are wrestling with supply chain challenges that make it harder to deliver planes. However, there are early signs that demand may be flattening. Bombardier said on Thursday backlog at the end of June was up just 0.7 per cent at $14.9-billion compared to the end of March.
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