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[ News ]February 13, 2021 9:31 am ET
By Ian McMurtry

Bombardier Posts Mixed 2020 Results, Announces Learjet Retirement

Bombardier continued its quest for stabilization following a difficult 2020, announcing numerous changes across the company as it seeks to achieve profitability. The most recent casualty will be the Wichita-based Learjet, which will cease production in the fourth quarter of 2021. Asset Disposals Generated Much-Needed Cash Bombardier’s recent asset disposals…

[ News ]October 23, 2020 5:10 am ET
By Daniel Morley

Southwest Looks to Network Diversification in Third Quarter Results

On Oct. 22 Southwest Airlines announced the company’s third-quarter financial results. As expected the airline posted a large loss and continues a high level of daily cash burn as the industry continues to navigate the effects of the Covid-19 pandemic. The airline also announced a change to the passenger experience…