Embraer sees profit in first quarter

written by australianaviation.com.au | April 30, 2010
Embraer delivered 21 airliners in the first quarter of 2010. (Embraer)
Embraer delivered 21 airliners in the first quarter of 2010. (Embraer)

Embraer recorded a net income (profit) of US$35.5m (A$38.3m) for the quarter ending March 31, reversing a US$23.4m (A$26.2m) loss during the same time last year.

The improvement in net income came as net sales for the Brazilian company declined by 14 per cent to US$990m (A$1068m) as the weaker commercial airliner market weighed down the company. However, stronger sales in the defence and services sector, as well as increased deliveries of its executive jets helped to offset some of this decline to leave it with a net positive position.

During the quarter, Embraer delivered 21 commercial aircraft, comprising 12 E-190s, five E-170s, two E-195s and one each of the ERJ-145 and E-175. The company also delivered 19 executive jets, comprising 16 Phenom 100s, two Legacy 600s and one Phenom 300.

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