Air Canada on Thursday revealed a new special retro livery on one of its new Airbus A220 aircraft. The plane,…
Embraer Fiscal Year Financial Results ‘Below Expectations’
Embraer delivered its financial results for the year 2019 which some analysts consider to be below expectations. This will add to the fact that the joint venture with Boeing is now delayed as the European Union says it sees a risk for diminished competition in the airliner market.
Embraer delivered 35 commercial jets and 46 executive jets (20 light and 26 large) in 4Q19, and in 2019 delivered 89 commercial jets and 109 executive jets (62 light and 47 large), meeting guidance for 2019.
The company’s firm order backlog at the end of 4Q19 was $16.8 billion, an increase compared to the $16.2 billion reported at the end of 3Q19 and $16.3 billion reported at the end of 4Q18.
Revenues in 4Q19 reached $2,085.0 million and for the fiscal year 2019 were $5,462.6 million, in line with the company’s stated 2019 guidance for revenues of $5.3 – $5.7 billion; 4Q19 adjusted EBIT and adjusted EBITDA were $4.0 million and $65.8 million, respectively, yielding adjusted EBIT margin of 0.2 percent and adjusted EBITDA margin of 3.2 percent.
For 2019, adjusted EBIT and adjusted EBITDA were $5.4 million and $181.9 million, respectively. The adjusted EBIT margin for the year was -0.1 percent and the adjusted EBITDA margin was 3.3 percent.
Embraer’s adjusted EBIT margin for 2019 reached the guidance level of approximately breakeven.
The aircraft manufacturer’s 2019 adjusted net loss was $217.5 million, and adjusted loss per ADS was $1.18.
Due to the uncertainty related to the impact of the spread of COVID-19 virus, the company is suspending its 2020 guidance.
- Embraer Fiscal Year Financial Results ‘Below Expectations’ - March 30, 2020
- Lufthansa Group Offering New Waiver Policy for Rebooking - March 6, 2020
- British Airways Starts Codeshare with Royal Air Maroc - February 14, 2020
On Feb. 17, TUI Belgium will resume Boeing 737 MAX 8 operations. The news comes just a few weeks after…
SAS has signed an engine purchase and services agreement with CFM. The agreement confirms the airline's use of LEAP-1A engines…